FY2018 EPS Estimates for Newell Brands Inc. Reduced by Analyst (NWL)

Newell Brands Inc. (NYSE:NWL) – Research analysts at Gabelli decreased their FY2018 EPS estimates for Newell Brands in a research note issued on Monday. Gabelli analyst Z. Bodini now anticipates that the company will post earnings per share of $3.45 for the year, down from their previous estimate of $3.60. Gabelli also issued estimates for Newell Brands’ FY2020 earnings at $4.60 EPS and FY2021 earnings at $5.15 EPS.

Several other research firms have also issued reports on NWL. Jefferies Group LLC restated a “buy” rating and issued a $66.00 price target (up from $65.00) on shares of Newell Brands in a research report on Thursday, July 6th. Zacks Investment Research upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Saturday, July 1st. BidaskClub upgraded shares of Newell Brands from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $60.00 price target on shares of Newell Brands in a research report on Thursday, June 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $58.07.

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Newell Brands (NWL) traded down 0.51% during trading on Tuesday, reaching $50.50. 1,358,627 shares of the company’s stock were exchanged. The company has a market capitalization of $24.40 billion, a PE ratio of 21.43 and a beta of 1.17. The company’s 50-day moving average is $53.09 and its 200-day moving average is $49.90. Newell Brands has a 1-year low of $43.43 and a 1-year high of $55.45.

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

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Newell Brands by 3.5% in the first quarter. Vanguard Group Inc. now owns 46,571,725 shares of the company’s stock valued at $2,196,788,000 after buying an additional 1,584,954 shares during the period. BlackRock Inc. raised its stake in shares of Newell Brands by 3,249.0% in the first quarter. BlackRock Inc. now owns 29,974,712 shares of the company’s stock valued at $1,413,905,000 after buying an additional 29,079,686 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Newell Brands by 112.5% in the second quarter. Bank of New York Mellon Corp now owns 13,850,876 shares of the company’s stock valued at $742,686,000 after buying an additional 7,331,309 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Newell Brands by 6.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 9,876,886 shares of the company’s stock valued at $465,892,000 after buying an additional 563,331 shares during the period. Finally, Neuberger Berman Group LLC raised its stake in shares of Newell Brands by 3.6% in the first quarter. Neuberger Berman Group LLC now owns 7,205,042 shares of the company’s stock valued at $339,862,000 after buying an additional 249,524 shares during the period. Institutional investors and hedge funds own 94.42% of the company’s stock.

About Newell Brands

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.

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

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