News headlines about Newell Brands (NYSE:NWL) have been trending positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Newell Brands earned a media sentiment score of 0.26 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.270887025861 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Krazy Glue® Creates the Craziest Holiday Store Yet (finance.yahoo.com)
- ETFs with exposure to Newell Brands, Inc. : December 12, 2017 (finance.yahoo.com)
- Newell Brands Inc. (NYSE: NWL) – Active Stock Evaluation – Alpha Beta Stock (alphabetastock.com)
- 3 Pummeled Stocks to Buy for a Big 2018 Revival (finance.yahoo.com)
- Jostens creates intricately produced Heisman Trophy again this year (finance.yahoo.com)
Several equities analysts have weighed in on the company. Oppenheimer reaffirmed a “hold” rating and set a $50.00 target price on shares of Newell Brands in a research note on Wednesday, September 6th. BidaskClub cut Newell Brands from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. Royal Bank of Canada reaffirmed a “top pick” rating and set a $60.00 target price on shares of Newell Brands in a research note on Tuesday, August 29th. Jefferies Group lowered their target price on Newell Brands from $65.00 to $63.00 and set a “buy” rating on the stock in a research note on Thursday, September 7th. They noted that the move was a valuation call. Finally, Forward View reaffirmed a “buy” rating and set a $58.00 target price on shares of Newell Brands in a research note on Monday, September 11th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $47.79.
Shares of Newell Brands (NWL) traded up $0.24 during midday trading on Wednesday, hitting $31.40. The company had a trading volume of 3,962,945 shares, compared to its average volume of 4,784,912. The company has a market cap of $15,390.00, a PE ratio of 10.77, a price-to-earnings-growth ratio of 1.25 and a beta of 1.10. Newell Brands has a 1-year low of $27.45 and a 1-year high of $55.08. The company has a current ratio of 1.46, a quick ratio of 0.86 and a debt-to-equity ratio of 0.80.
Newell Brands (NYSE:NWL) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.86 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.06). The firm had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.71 billion. Newell Brands had a net margin of 8.34% and a return on equity of 11.52%. The company’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.78 EPS. analysts predict that Newell Brands will post 2.81 EPS for the current fiscal year.
Newell Brands announced that its board has authorized a stock buyback program on Tuesday, September 26th that authorizes the company to repurchase $256.00 million in shares. This repurchase authorization authorizes the company to purchase up to 1.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.92 annualized dividend and a dividend yield of 2.93%. Newell Brands’s payout ratio is 35.52%.
In related news, CEO Michael B. Polk bought 7,000 shares of Newell Brands stock in a transaction that occurred on Monday, November 20th. The stock was purchased at an average cost of $28.22 per share, for a total transaction of $197,540.00. Following the acquisition, the chief executive officer now owns 616,296 shares in the company, valued at $17,391,873.12. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.97% of the stock is currently owned by insiders.
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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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