Newell Brands Inc. (NYSE:NWL) – Investment analysts at Jefferies Group dropped their Q3 2017 earnings per share estimates for Newell Brands in a report released on Thursday. Jefferies Group analyst K. Grundy now expects that the company will post earnings of $0.93 per share for the quarter, down from their previous forecast of $1.01. Jefferies Group has a “Buy” rating and a $63.00 price target on the stock. Jefferies Group also issued estimates for Newell Brands’ Q4 2017 earnings at $0.86 EPS, FY2017 earnings at $3.00 EPS, FY2018 earnings at $3.60 EPS and FY2019 earnings at $4.20 EPS.
NWL has been the topic of several other reports. BMO Capital Markets set a $51.00 price objective on Newell Brands and gave the stock a “hold” rating in a report on Saturday, August 5th. J P Morgan Chase & Co set a $61.00 price objective on Newell Brands and gave the stock a “buy” rating in a report on Monday, August 7th. BidaskClub cut Newell Brands from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. Zacks Investment Research raised Newell Brands from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a report on Tuesday, August 1st. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $60.00 price objective on shares of Newell Brands in a report on Thursday, June 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $57.93.
Newell Brands (NYSE NWL) opened at 44.04 on Friday. The firm’s 50-day moving average is $49.93 and its 200-day moving average is $50.26. Newell Brands has a 12 month low of $43.43 and a 12 month high of $55.08. The company has a market capitalization of $21.58 billion, a PE ratio of 17.59 and a beta of 1.19.
Newell Brands (NYSE:NWL) last issued its quarterly earnings results on Friday, August 4th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. Newell Brands had a net margin of 7.87% and a return on equity of 11.47%. The business had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $3.96 billion. During the same period last year, the business earned $0.78 earnings per share. The business’s quarterly revenue was up 5.1% on a year-over-year basis.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Tuesday, August 29th. Newell Brands’s dividend payout ratio (DPR) is presently 36.95%.
A number of institutional investors have recently made changes to their positions in the business. Lord Abbett & CO. LLC grew its position in Newell Brands by 57.4% in the 2nd quarter. Lord Abbett & CO. LLC now owns 3,200,022 shares of the company’s stock valued at $171,585,000 after acquiring an additional 1,167,393 shares during the last quarter. Toronto Dominion Bank grew its position in Newell Brands by 24.4% in the 2nd quarter. Toronto Dominion Bank now owns 168,861 shares of the company’s stock valued at $9,053,000 after acquiring an additional 33,082 shares during the last quarter. Cetera Investment Advisers bought a new position in Newell Brands in the 2nd quarter valued at $263,000. WINTON GROUP Ltd bought a new position in Newell Brands in the 2nd quarter valued at $202,000. Finally, Sterling Capital Management LLC grew its position in Newell Brands by 2.8% in the 2nd quarter. Sterling Capital Management LLC now owns 1,030,125 shares of the company’s stock valued at $55,235,000 after acquiring an additional 27,852 shares during the last quarter. 92.43% of the stock is currently owned by institutional investors.
Newell Brands Company Profile
Newell Brands Inc is a marketer of consumer and commercial products. The Company’s segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. Its products are marketed under a portfolio of brands, including Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Mr.
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