Newell Brands (NWL) Scheduled to Post Quarterly Earnings on Friday

Newell Brands (NASDAQ:NWL) is scheduled to be issuing its quarterly earnings data before the market opens on Friday, October 25th. Analysts expect the company to announce earnings of $0.16 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Newell Brands (NASDAQ:NWL) last announced its earnings results on Friday, July 26th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.15. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.05 billion. Newell Brands had a negative net margin of 3.43% and a positive return on equity of 13.04%. The business’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 earnings per share. On average, analysts expect Newell Brands to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Newell Brands Stock Performance

Shares of NASDAQ:NWL opened at $7.32 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.51 and a debt-to-equity ratio of 1.32. Newell Brands has a 12 month low of $5.39 and a 12 month high of $9.24. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of -10.17, a PEG ratio of 1.29 and a beta of 0.91. The firm’s 50-day moving average is $7.40 and its 200 day moving average is $7.31.

Newell Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 3.83%. The ex-dividend date was Friday, August 30th. Newell Brands’s dividend payout ratio (DPR) is presently -38.89%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of Newell Brands from $6.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. Citigroup downgraded shares of Newell Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 13th. Truist Financial raised their price target on shares of Newell Brands from $8.00 to $10.00 and gave the company a “hold” rating in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Newell Brands from $8.00 to $9.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Finally, Royal Bank of Canada increased their price objective on Newell Brands from $7.50 to $9.50 and gave the company a “sector perform” rating in a report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $8.80.

About Newell Brands

Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.