Newell Brands Inc. (NYSE:NWL) Expected to Post Earnings of $0.86 Per Share

Wall Street analysts expect Newell Brands Inc. (NYSE:NWL) to post earnings per share of $0.86 for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Newell Brands’ earnings, with the lowest EPS estimate coming in at $0.83 and the highest estimate coming in at $0.90. Newell Brands posted earnings of $0.78 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 10.3%. The company is scheduled to announce its next earnings report before the market opens on Friday, August 4th.

According to Zacks, analysts expect that Newell Brands will report full year earnings of $3.12 per share for the current year, with EPS estimates ranging from $3.07 to $3.20. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.53 per share, with EPS estimates ranging from $3.40 to $3.73. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Newell Brands.

Newell Brands (NYSE:NWL) last released its quarterly earnings data on Monday, May 8th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. Newell Brands had a net margin of 7.40% and a return on equity of 11.07%. The company had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.23 billion. During the same quarter in the previous year, the company earned $0.40 earnings per share. The firm’s revenue for the quarter was up 148.4% on a year-over-year basis.

Several analysts have recently commented on NWL shares. BidaskClub upgraded shares of Newell Brands from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Zacks Investment Research upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Saturday, July 1st. UBS AG set a $60.00 target price on shares of Newell Brands and gave the stock a “buy” rating in a research note on Tuesday, May 9th. Jefferies Group LLC raised their target price on shares of Newell Brands from $61.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, May 9th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $60.00 target price on shares of Newell Brands in a research note on Thursday, June 8th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Newell Brands presently has a consensus rating of “Buy” and an average target price of $58.56.

In related news, Director Thomas E. Clarke sold 5,353 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $52.49, for a total value of $280,978.97. Following the completion of the sale, the director now owns 66,286 shares in the company, valued at $3,479,352.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.97% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of NWL. Harfst & Associates Inc. acquired a new position in Newell Brands during the first quarter valued at $103,000. Israel Discount Bank of New York acquired a new position in Newell Brands during the first quarter valued at $112,000. Parallel Advisors LLC increased its position in Newell Brands by 23.0% in the first quarter. Parallel Advisors LLC now owns 2,906 shares of the company’s stock valued at $132,000 after buying an additional 544 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in Newell Brands during the first quarter valued at $156,000. Finally, Duncker Streett & Co. Inc. acquired a new position in Newell Brands during the first quarter valued at $186,000. Hedge funds and other institutional investors own 94.26% of the company’s stock.

Newell Brands (NWL) traded down 0.57% on Friday, reaching $52.60. 3,167,866 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $53.40 and a 200-day moving average price of $49.49. Newell Brands has a 1-year low of $43.43 and a 1-year high of $55.45. The company has a market capitalization of $25.41 billion, a P/E ratio of 22.33 and a beta of 1.17.

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

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