Newell Brands (NYSE:NWL) posted its earnings results on Friday. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01, Bloomberg Earnings reports. The firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.69 billion. Newell Brands had a return on equity of 11.52% and a net margin of 8.34%. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.80 EPS. Newell Brands updated its FY18 guidance to $2.65-2.85 EPS.
Newell Brands (NYSE:NWL) traded up $0.59 during trading on Friday, hitting $28.23. The stock had a trading volume of 14,338,414 shares, compared to its average volume of 12,810,000. The stock has a market capitalization of $13,840.00, a PE ratio of 13.07, a PEG ratio of 1.33 and a beta of 0.89. Newell Brands has a 1-year low of $23.85 and a 1-year high of $55.08. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.46 and a quick ratio of 0.86.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Tuesday, February 27th. Newell Brands’s dividend payout ratio (DPR) is presently 42.59%.
Large investors have recently modified their holdings of the company. State of Alaska Department of Revenue lifted its position in Newell Brands by 188.2% during the 4th quarter. State of Alaska Department of Revenue now owns 57,414 shares of the company’s stock worth $1,773,000 after acquiring an additional 37,490 shares during the period. State of Wisconsin Investment Board lifted its holdings in shares of Newell Brands by 11.5% during the third quarter. State of Wisconsin Investment Board now owns 447,404 shares of the company’s stock worth $19,091,000 after purchasing an additional 46,217 shares during the period. Skylands Capital LLC lifted its holdings in shares of Newell Brands by 165.3% during the fourth quarter. Skylands Capital LLC now owns 11,395 shares of the company’s stock worth $352,000 after purchasing an additional 7,100 shares during the period. CIBC World Markets Inc. lifted its holdings in shares of Newell Brands by 207.5% during the fourth quarter. CIBC World Markets Inc. now owns 52,463 shares of the company’s stock worth $1,621,000 after purchasing an additional 35,400 shares during the period. Finally, Strs Ohio raised its position in Newell Brands by 1,297.8% during the fourth quarter. Strs Ohio now owns 216,991 shares of the company’s stock valued at $6,705,000 after acquiring an additional 201,467 shares in the last quarter. 91.23% of the stock is currently owned by hedge funds and other institutional investors.
Newell Brands announced that its board has approved a share buyback plan on Thursday, November 2nd that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.
A number of research firms have recently commented on NWL. Deutsche Bank began coverage on Newell Brands in a research report on Wednesday, December 13th. They set a “hold” rating and a $32.00 target price for the company. SunTrust Banks reiterated a “buy” rating and set a $35.00 price target on shares of Newell Brands in a research report on Tuesday, January 30th. FIX reiterated a “hold” rating and set a $23.00 price target on shares of Newell Brands in a research report on Thursday, February 8th. ValuEngine cut Newell Brands from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Wells Fargo & Co reiterated a “hold” rating and set a $25.00 price target on shares of Newell Brands in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $37.71.
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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