Zacks Investment Research cut shares of Newell Brands (NYSE:NWL) from a hold rating to a sell rating in a report issued on Wednesday morning.
According to Zacks, “Newell lagged the industry in the last three months due to the weak margins trend in the last few quarters, which continued into the fourth quarter. Though the company’s results outpaced estimates in fourth-quarter 2017, both the top and bottom lines declined year over year. Results in the quarter were hurt by lost contributions from divested operations, lower core sales volume, adverse pricing and commodity cost inflation. However, Newell is on track with the execution of its transformation plan through market share gains, point of sale growth, e-commerce improvement and cost-savings plans. Also, the plan focuses on enhancing operational efficiency and boosting shareholder value. Further, the company’s Project Renewal Program along with financial strength bode well. Estimates have been stable ahead of the first quarter earnings release.”
A number of other research firms also recently weighed in on NWL. Bank of America downgraded shares of Newell Brands from a buy rating to a neutral rating in a research report on Thursday, January 25th. Jefferies Group reissued a hold rating and set a $32.00 price target on shares of Newell Brands in a research report on Thursday, January 25th. Morgan Stanley downgraded shares of Newell Brands from an overweight rating to an equal weight rating and decreased their price target for the stock from $38.00 to $25.00 in a research report on Thursday, January 25th. Barclays downgraded shares of Newell Brands from an overweight rating to an equal weight rating and decreased their price target for the stock from $35.00 to $26.00 in a research report on Thursday, January 25th. Finally, ValuEngine downgraded shares of Newell Brands from a buy rating to a hold rating in a research report on Sunday, December 31st. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $33.06.
NWL stock opened at $27.13 on Wednesday. Newell Brands has a twelve month low of $23.85 and a twelve month high of $55.08. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 0.83. The company has a market cap of $13,279.92, a PE ratio of 9.90, a P/E/G ratio of 1.73 and a beta of 0.81.
Newell Brands (NYSE:NWL) last released its quarterly earnings results on Friday, February 16th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. Newell Brands had a net margin of 18.65% and a return on equity of 10.47%. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter last year, the company earned $0.80 earnings per share. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. analysts anticipate that Newell Brands will post 2.68 EPS for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in NWL. Buckingham Capital Management Inc. lifted its stake in Newell Brands by 7.5% during the third quarter. Buckingham Capital Management Inc. now owns 30,015 shares of the company’s stock worth $1,281,000 after purchasing an additional 2,085 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Newell Brands by 30.0% in the third quarter. Dimensional Fund Advisors LP now owns 2,122,155 shares of the company’s stock valued at $90,528,000 after buying an additional 489,138 shares during the last quarter. Vident Investment Advisory LLC bought a new stake in Newell Brands in the third quarter valued at $306,000. Janus Henderson Group PLC lifted its stake in Newell Brands by 46.6% in the third quarter. Janus Henderson Group PLC now owns 128,674 shares of the company’s stock valued at $5,491,000 after buying an additional 40,912 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in Newell Brands by 14.5% in the third quarter. Janney Montgomery Scott LLC now owns 20,319 shares of the company’s stock valued at $867,000 after buying an additional 2,566 shares during the last quarter. Hedge funds and other institutional investors own 92.82% of the company’s stock.
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Newell Brands Company Profile
Newell Brands Inc is a marketer of consumer and commercial products. The Company’s segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. Its products are marketed under a portfolio of brands, including Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Mr.
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