Zacks: Analysts Anticipate Newell Brands Inc (NWL) to Announce $0.41 EPS

Analysts expect Newell Brands Inc (NYSE:NWL) to report $0.41 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Newell Brands’ earnings, with the highest EPS estimate coming in at $0.46 and the lowest estimate coming in at $0.27. Newell Brands posted earnings of $0.68 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 39.7%. The company is scheduled to issue its next quarterly earnings results before the market opens on Friday, February 15th.

On average, analysts expect that Newell Brands will report full-year earnings of $1.22 per share for the current financial year, with EPS estimates ranging from $1.09 to $1.27. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.64 per share, with EPS estimates ranging from $1.12 to $2.15. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Newell Brands.

A number of analysts have commented on NWL shares. Morgan Stanley set a $23.00 price target on shares of Newell Brands and gave the company a “hold” rating in a research note on Tuesday, November 6th. Wells Fargo & Co restated a “buy” rating on shares of Newell Brands in a research note on Friday, November 2nd. Zacks Investment Research lowered shares of Newell Brands from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 21st. TheStreet lowered shares of Newell Brands from a “c” rating to a “d” rating in a research note on Friday, November 2nd. Finally, ValuEngine upgraded shares of Newell Brands from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. Twelve analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $24.54.

NWL stock traded down $0.61 during midday trading on Thursday, reaching $20.72. 5,151,295 shares of the company’s stock traded hands, compared to its average volume of 4,837,721. The firm has a market capitalization of $9.81 billion, a PE ratio of 7.53, a price-to-earnings-growth ratio of 3.82 and a beta of 0.90. The company has a current ratio of 2.98, a quick ratio of 2.53 and a debt-to-equity ratio of 1.54. Newell Brands has a 52 week low of $15.11 and a 52 week high of $29.55.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 28th will be paid a dividend of $0.23 per share. The ex-dividend date is Wednesday, February 27th. This represents a $0.92 dividend on an annualized basis and a yield of 4.44%. Newell Brands’s dividend payout ratio (DPR) is presently 33.45%.

In other news, Director Brett Icahn acquired 100,000 shares of the business’s stock in a transaction on Monday, November 12th. The shares were purchased at an average cost of $20.03 per share, with a total value of $2,003,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP James L. Cunningham III sold 22,331 shares of Newell Brands stock in a transaction on Monday, November 26th. The stock was sold at an average price of $23.45, for a total transaction of $523,661.95. Following the transaction, the senior vice president now directly owns 7,321 shares in the company, valued at $171,677.45. The disclosure for this sale can be found here. 0.97% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of NWL. Bank of New York Mellon Corp boosted its holdings in Newell Brands by 2.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 12,134,310 shares of the company’s stock worth $312,943,000 after acquiring an additional 295,384 shares during the last quarter. Private Trust Co. NA purchased a new position in Newell Brands during the 3rd quarter worth $299,000. Manning & Napier Group LLC boosted its holdings in Newell Brands by 46.0% during the 3rd quarter. Manning & Napier Group LLC now owns 155,902 shares of the company’s stock worth $3,164,000 after acquiring an additional 49,099 shares during the last quarter. Sanders Morris Harris LLC purchased a new position in Newell Brands during the 3rd quarter worth $324,000. Finally, Northwest Wealth Management LLC boosted its holdings in Newell Brands by 69.6% during the 3rd quarter. Northwest Wealth Management LLC now owns 7,433 shares of the company’s stock worth $151,000 after acquiring an additional 3,050 shares during the last quarter. 98.42% of the stock is currently owned by hedge funds and other institutional investors.

Newell Brands Company Profile

Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company's Live segment offers household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products, fresh preserving products, and home fragrance products; and baby gear, infant care, and health products primarily under Aprica, Baby Jogger, Ball, Calphalon, Chesapeake Bay Candle, Crock-Pot, FoodSaver, Graco, Mr.

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