$3.71 Billion in Sales Expected for Newell Brands Inc. (NYSE:NWL) This Quarter

Wall Street brokerages expect that Newell Brands Inc. (NYSE:NWL) will post $3.71 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Newell Brands’ earnings, with the lowest sales estimate coming in at $3.65 billion and the highest estimate coming in at $3.77 billion. Newell Brands posted sales of $3.95 billion in the same quarter last year, which would indicate a negative year over year growth rate of 6.1%. The business is scheduled to report its next quarterly earnings report on Friday, October 27th.

According to Zacks, analysts expect that Newell Brands will report full year sales of $3.71 billion for the current year, with estimates ranging from $14.87 billion to $15.05 billion. For the next year, analysts expect that the firm will post sales of $15.04 billion per share, with estimates ranging from $14.84 billion to $15.31 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Newell Brands.

Newell Brands (NYSE:NWL) last issued its earnings results on Friday, August 4th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. Newell Brands had a return on equity of 11.47% and a net margin of 7.87%. The company had revenue of $4.06 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same period in the prior year, the firm earned $0.78 earnings per share. Newell Brands’s revenue for the quarter was up 5.1% on a year-over-year basis.

Several equities research analysts recently weighed in on NWL shares. BMO Capital Markets set a $51.00 price target on Newell Brands and gave the company a “hold” rating in a research report on Saturday, August 5th. BidaskClub lowered Newell Brands from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Zacks Investment Research upgraded Newell Brands from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research report on Wednesday, July 12th. B. Riley restated a “buy” rating and set a $71.00 price target on shares of Newell Brands in a research report on Friday, April 14th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $60.00 price target on shares of Newell Brands in a research report on Thursday, June 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Newell Brands presently has a consensus rating of “Buy” and a consensus target price of $58.07.

Hedge funds have recently modified their holdings of the company. BDO Wealth Advisors LLC bought a new stake in shares of Newell Brands during the second quarter worth approximately $107,000. Harfst & Associates Inc. bought a new stake in shares of Newell Brands during the first quarter worth approximately $103,000. Israel Discount Bank of New York bought a new stake in shares of Newell Brands during the first quarter worth approximately $112,000. Parallel Advisors LLC boosted its stake in shares of Newell Brands by 23.0% in the first quarter. Parallel Advisors LLC now owns 2,906 shares of the company’s stock worth $132,000 after buying an additional 544 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Newell Brands by 52.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,164 shares of the company’s stock worth $169,000 after buying an additional 1,088 shares during the last quarter. Institutional investors and hedge funds own 94.42% of the company’s stock.

WARNING: “$3.71 Billion in Sales Expected for Newell Brands Inc. (NYSE:NWL) This Quarter” was published by Community Financial News and is owned by of Community Financial News. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The original version of this news story can be accessed at https://www.com-unik.info/2017/08/12/3-71-billion-in-sales-expected-for-newell-brands-inc-nysenwl-this-quarter.html.

Newell Brands (NYSE:NWL) opened at 50.00 on Friday. Newell Brands has a 12 month low of $43.43 and a 12 month high of $55.45. The stock’s 50 day moving average price is $52.68 and its 200-day moving average price is $50.04. The firm has a market capitalization of $24.21 billion, a price-to-earnings ratio of 20.05 and a beta of 1.17.

The business also recently declared 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 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Tuesday, August 29th. Newell Brands’s payout ratio is 36.95%.

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.

Get a free copy of the Zacks research report on Newell Brands (NWL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Newell Brands (NYSE:NWL)

What are top analysts saying about Newell Brands Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Newell Brands Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit