Analysts Anticipate Newell Brands Inc (NYSE:NWL) to Announce $0.16 EPS

Wall Street brokerages expect Newell Brands Inc (NYSE:NWL) to announce $0.16 earnings per share for the current quarter, according to Zacks. Six analysts have provided estimates for Newell Brands’ earnings, with the lowest EPS estimate coming in at ($0.02) and the highest estimate coming in at $0.34. Newell Brands posted earnings of $0.45 per share during the same quarter last year, which suggests a negative year over year growth rate of 64.4%. The firm is scheduled to announce its next quarterly earnings report on Friday, August 7th.

On average, analysts expect that Newell Brands will report full year earnings of $1.08 per share for the current year, with EPS estimates ranging from $0.80 to $1.36. For the next financial year, analysts expect that the firm will report earnings of $1.33 per share, with EPS estimates ranging from $1.15 to $1.60. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow Newell Brands.

Newell Brands (NYSE:NWL) last released its quarterly earnings data on Friday, May 1st. The company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.04. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.55%. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter in the prior year, the company earned $0.14 EPS. The firm’s quarterly revenue was down 7.6% on a year-over-year basis.

A number of equities analysts have recently commented on NWL shares. Cfra restated a “sell” rating and set a $10.00 price objective (down from $21.00) on shares of Newell Brands in a research note on Friday, May 1st. JPMorgan Chase & Co. cut their target price on shares of Newell Brands from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. Oppenheimer started coverage on shares of Newell Brands in a research note on Friday, May 1st. They issued a “hold” rating for the company. Zacks Investment Research upgraded shares of Newell Brands from a “sell” rating to a “hold” rating and set a $13.00 target price for the company in a research note on Tuesday, May 5th. Finally, Citigroup lowered their price target on shares of Newell Brands from $24.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $14.63.

NYSE NWL traded up $0.31 on Monday, reaching $13.46. The company had a trading volume of 3,066,122 shares, compared to its average volume of 4,204,396. The firm has a market capitalization of $5.58 billion, a price-to-earnings ratio of 4.89, a price-to-earnings-growth ratio of 3.82 and a beta of 0.90. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.53 and a current ratio of 2.98. Newell Brands has a 1-year low of $10.44 and a 1-year high of $20.99. The company’s fifty day moving average is $12.86 and its 200-day moving average is $16.57.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a $0.23 dividend. The ex-dividend date is Thursday, May 28th. This represents a $0.92 dividend on an annualized basis and a yield of 6.84%. Newell Brands’s dividend payout ratio is currently 33.45%.

In related news, CAO Robert Andrew Schmidt bought 2,500 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were purchased at an average price of $15.07 per share, for a total transaction of $37,675.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,500 shares of the company’s stock, valued at approximately $37,675. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Carl C. Icahn purchased 927,663 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were acquired at an average price of $13.15 per share, for a total transaction of $12,198,768.45. The disclosure for this purchase can be found here. Insiders acquired 2,347,069 shares of company stock worth $31,349,374 in the last 90 days. Company insiders own 0.97% of the company’s stock.

Several large investors have recently modified their holdings of NWL. Chevy Chase Trust Holdings Inc. increased its stake in Newell Brands by 2.6% in the fourth quarter. Chevy Chase Trust Holdings Inc. now owns 318,417 shares of the company’s stock valued at $6,120,000 after purchasing an additional 7,942 shares in the last quarter. NEXT Financial Group Inc increased its holdings in Newell Brands by 1,743.4% during the 4th quarter. NEXT Financial Group Inc now owns 14,194 shares of the company’s stock worth $273,000 after acquiring an additional 13,424 shares during the period. Norges Bank bought a new stake in Newell Brands during the 4th quarter worth approximately $86,121,000. Poplar Forest Capital LLC increased its holdings in Newell Brands by 7.9% during the 4th quarter. Poplar Forest Capital LLC now owns 1,706,216 shares of the company’s stock worth $32,793,000 after acquiring an additional 124,788 shares during the period. Finally, Advisory Services Network LLC increased its holdings in shares of Newell Brands by 10.5% in the 4th quarter. Advisory Services Network LLC now owns 75,485 shares of the company’s stock worth $1,451,000 after buying an additional 7,184 shares during the last quarter. Institutional investors own 98.42% of the company’s stock.

Newell Brands Company Profile

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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Earnings History and Estimates for Newell Brands (NYSE:NWL)

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