Media coverage about Newell Brands (NYSE:NWL) has trended somewhat positive this week, Accern Sentiment reports. The research group identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Newell Brands earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 47.143666575251 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern’s scoring:
Shares of NWL opened at $26.32 on Friday. Newell Brands has a 1-year low of $23.85 and a 1-year high of $55.08. The stock has a market cap of $13.12 billion, a P/E ratio of 9.57, a P/E/G ratio of 1.65 and a beta of 0.80. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.72 and a quick ratio of 1.20.
Newell Brands (NYSE:NWL) last posted its earnings results on Friday, May 4th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. The business had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.95 billion. Newell Brands had a net margin of 14.93% and a return on equity of 10.05%. The company’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 EPS. research analysts forecast that Newell Brands will post 2.66 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, May 31st will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date is Wednesday, May 30th. Newell Brands’s dividend payout ratio (DPR) is 33.45%.
Several equities research analysts have recently issued reports on NWL shares. Barclays lowered shares of Newell Brands from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $35.00 to $26.00 in a report on Thursday, January 25th. Bank of America lowered shares of Newell Brands from a “buy” rating to a “neutral” rating in a report on Thursday, January 25th. Morgan Stanley lowered shares of Newell Brands from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $38.00 to $25.00 in a report on Thursday, January 25th. Jefferies Group restated a “hold” rating and issued a $32.00 target price on shares of Newell Brands in a report on Thursday, January 25th. Finally, Royal Bank of Canada lowered shares of Newell Brands from an “outperform” rating to a “sector perform” rating in a report on Friday, January 26th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Newell Brands has a consensus rating of “Hold” and an average target price of $31.44.
In other Newell Brands news, Director James Craigie bought 1,000 shares of the business’s stock in a transaction on Friday, May 18th. The shares were acquired at an average price of $26.67 per share, with a total value of $26,670.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.97% of the company’s stock.
About Newell Brands
Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company's Live segment offers household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products, fresh preserving products, and home fragrance products; and baby gear, infant care, and health products primarily under Aprica, Baby Jogger, Ball, Calphalon, Chesapeake Bay Candle, Crock-Pot, FoodSaver, Graco, Mr.
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