Equities analysts forecast that Newell Brands Inc (NYSE:NWL) will announce earnings per share of $0.36 for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Newell Brands’ earnings. The highest EPS estimate is $0.39 and the lowest is $0.34. Newell Brands posted earnings per share of $0.82 in the same quarter last year, which suggests a negative year-over-year growth rate of 56.1%. The company is expected to announce its next earnings results on Monday, August 5th.
On average, analysts expect that Newell Brands will report full-year earnings of $1.58 per share for the current financial year, with EPS estimates ranging from $1.47 to $1.70. For the next year, analysts expect that the business will report earnings of $1.50 per share, with EPS estimates ranging from $1.17 to $2.16. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Newell Brands.
Newell Brands (NYSE:NWL) last released its earnings results on Friday, May 3rd. The company reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.08. The firm had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.55%. Newell Brands’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.34 EPS.
NWL has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Consumer Edge started coverage on shares of Newell Brands in a report on Wednesday, July 3rd. They set a “hold” rating on the stock. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $20.80.
Several large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in shares of Newell Brands by 0.9% in the 1st quarter. BlackRock Inc. now owns 45,049,687 shares of the company’s stock valued at $691,062,000 after purchasing an additional 390,644 shares in the last quarter. Pzena Investment Management LLC grew its position in shares of Newell Brands by 35.6% during the 1st quarter. Pzena Investment Management LLC now owns 24,817,839 shares of the company’s stock valued at $380,706,000 after buying an additional 6,513,500 shares during the last quarter. OppenheimerFunds Inc. grew its position in shares of Newell Brands by 9.5% during the 1st quarter. OppenheimerFunds Inc. now owns 11,695,108 shares of the company’s stock valued at $179,403,000 after buying an additional 1,017,861 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Newell Brands by 12.1% during the 4th quarter. Geode Capital Management LLC now owns 6,103,942 shares of the company’s stock valued at $113,388,000 after buying an additional 660,185 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Newell Brands during the 4th quarter valued at about $96,020,000. Institutional investors and hedge funds own 98.42% of the company’s stock.
NWL stock traded up $0.11 during midday trading on Wednesday, hitting $15.06. The stock had a trading volume of 79,297 shares, compared to its average volume of 6,015,594. The company has a market cap of $6.33 billion, a price-to-earnings ratio of 5.48, a PEG ratio of 3.82 and a beta of 0.90. The company has a current ratio of 2.98, a quick ratio of 2.53 and a debt-to-equity ratio of 1.54. Newell Brands has a 12-month low of $13.04 and a 12-month high of $28.00. The business has a 50-day moving average price of $14.77.
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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