Newell Brands (NASDAQ:NWL) Shares Gap Up After Earnings Beat

Newell Brands Inc. (NASDAQ:NWL) shares gapped up before the market opened on Monday following a better than expected earnings announcement. The stock had previously closed at $5.60, but opened at $5.91. Newell Brands shares last traded at $6.3270, with a volume of 2,047,713 shares traded.

The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.22. Newell Brands had a positive return on equity of 12.31% and a negative net margin of 3.05%.The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the company posted $0.24 EPS. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. Newell Brands has set its Q3 2026 guidance at 0.180-0.200 EPS and its FY 2026 guidance at 0.730-0.770 EPS.

Newell Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 4.4%. The ex-dividend date was Friday, May 29th. Newell Brands’s payout ratio is -52.83%.

Analyst Upgrades and Downgrades

NWL has been the topic of several recent research reports. UBS Group increased their price target on shares of Newell Brands from $4.25 to $4.75 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Canaccord Genuity Group set a $11.00 price objective on shares of Newell Brands in a research report on Monday. Citigroup restated a “neutral” rating on shares of Newell Brands in a research note on Tuesday, July 14th. JPMorgan Chase & Co. raised their target price on Newell Brands from $5.00 to $7.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Finally, Wall Street Zen upgraded Newell Brands from a “hold” rating to a “buy” rating in a research report on Saturday. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Newell Brands currently has an average rating of “Hold” and a consensus target price of $5.62.

Insiders Place Their Bets

In other Newell Brands news, insider Melanie Arlene Huet sold 91,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $4.50, for a total value of $409,500.00. Following the completion of the transaction, the insider directly owned 867 shares in the company, valued at $3,901.50. This represents a 99.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kristine Kay Malkoski sold 10,850 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $3.65, for a total transaction of $39,602.50. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 202,750 shares of company stock worth $812,396. Company insiders own 1.64% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Quarry LP increased its stake in Newell Brands by 139.3% in the 4th quarter. Quarry LP now owns 7,416 shares of the company’s stock worth $28,000 after buying an additional 4,317 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of Newell Brands in the fourth quarter valued at about $30,000. Vise Technologies Inc. purchased a new position in shares of Newell Brands in the third quarter valued at about $54,000. HighPoint Advisor Group LLC bought a new position in shares of Newell Brands in the fourth quarter worth about $39,000. Finally, CreativeOne Wealth LLC bought a new position in shares of Newell Brands in the third quarter worth about $54,000. Institutional investors own 92.50% of the company’s stock.

Newell Brands Price Performance

The company has a debt-to-equity ratio of 1.85, a current ratio of 1.11 and a quick ratio of 0.59. The firm has a 50-day moving average of $4.88 and a 200-day moving average of $4.40. The stock has a market cap of $2.69 billion, a PE ratio of -11.95, a PEG ratio of 6.86 and a beta of 0.87.

Newell Brands Company Profile

Newell Brands Inc, trading on NASDAQ under the ticker NWL, is a global consumer goods company known for its diverse portfolio of household, commercial, and specialty products. Formed through the merger of Newell Rubbermaid and Jarden Corporation in 2016, the company traces its roots back to Newell Manufacturing, which was founded in 1903. Headquartered in Atlanta, Georgia, Newell Brands has built a reputation for widely recognized brands spanning multiple consumer categories.

The company’s business activities are organized across several segments, including writing and creative expression, home solutions, commercial products, and outdoor recreation.