Newell Brands Inc (NYSE:NWL) – Research analysts at Jefferies Financial Group issued their Q2 2019 earnings per share estimates for shares of Newell Brands in a research report issued to clients and investors on Monday, February 18th. Jefferies Financial Group analyst K. Grundy expects that the company will post earnings of $0.35 per share for the quarter. Jefferies Financial Group has a “Hold” rating and a $15.00 price target on the stock. Jefferies Financial Group also issued estimates for Newell Brands’ Q3 2019 earnings at $0.50 EPS, Q4 2019 earnings at $0.42 EPS and FY2019 earnings at $1.15 EPS.
NWL has been the subject of a number of other research reports. Wells Fargo & Co reiterated a “buy” rating on shares of Newell Brands in a research note on Friday, November 2nd. Citigroup cut their target price on Newell Brands from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday, October 31st. Barclays set a $16.00 target price on Newell Brands and gave the stock a “hold” rating in a research note on Tuesday. Zacks Investment Research downgraded Newell Brands from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 21st. Finally, Deutsche Bank boosted their target price on Newell Brands from $20.00 to $21.00 and gave the stock a “hold” rating in a research note on Monday, November 5th. Ten research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $22.00.
NWL stock opened at $17.15 on Wednesday. The stock has a market cap of $8.01 billion, a price-to-earnings ratio of 6.24, a P/E/G ratio of 3.82 and a beta of 0.90. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.98 and a quick ratio of 2.53. Newell Brands has a 52-week low of $15.11 and a 52-week high of $29.55.
Newell Brands (NYSE:NWL) last released its quarterly earnings results on Friday, February 15th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.30. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.43 billion. Newell Brands had a positive return on equity of 9.55% and a negative net margin of 46.92%. The company’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 EPS.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Thursday, February 28th will be paid a $0.23 dividend. The ex-dividend date is Wednesday, February 27th. This represents a $0.92 annualized dividend and a yield of 5.36%. Newell Brands’s payout ratio is 33.45%.
In related news, SVP James L. Cunningham III sold 22,331 shares of the company’s stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of $23.45, for a total value of $523,661.95. Following the transaction, the senior vice president now owns 7,321 shares in the company, valued at $171,677.45. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.97% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. Proficio Capital Partners LLC raised its holdings in Newell Brands by 67.8% during the 4th quarter. Proficio Capital Partners LLC now owns 1,545 shares of the company’s stock valued at $29,000 after acquiring an additional 624 shares during the period. Capital Investment Advisory Services LLC bought a new stake in Newell Brands during the 4th quarter valued at $31,000. JOYN Advisors Inc. raised its holdings in Newell Brands by 232.3% during the 4th quarter. JOYN Advisors Inc. now owns 1,738 shares of the company’s stock valued at $32,000 after acquiring an additional 1,215 shares during the period. FNY Investment Advisers LLC raised its holdings in Newell Brands by 459.1% during the 4th quarter. FNY Investment Advisers LLC now owns 1,957 shares of the company’s stock valued at $36,000 after acquiring an additional 1,607 shares during the period. Finally, We Are One Seven LLC bought a new stake in Newell Brands during the 4th quarter valued at $49,000. Institutional investors and hedge funds own 98.42% 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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