Newell Brands Inc (NWL) Expected to Post Earnings of $0.06 Per Share

Wall Street brokerages expect Newell Brands Inc (NYSE:NWL) to post earnings of $0.06 per share for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Newell Brands’ earnings, with the highest EPS estimate coming in at $0.09 and the lowest estimate coming in at $0.05. Newell Brands posted earnings per share of $0.34 in the same quarter last year, which would suggest a negative year-over-year growth rate of 82.4%. The company is expected to report its next earnings results on Friday, May 3rd.

On average, analysts expect that Newell Brands will report full-year earnings of $1.60 per share for the current fiscal year, with EPS estimates ranging from $1.55 to $1.70. For the next year, analysts forecast that the business will post earnings of $1.50 per share, with EPS estimates ranging from $1.01 to $2.15. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Newell Brands.

Newell Brands (NYSE:NWL) last released its quarterly earnings data on Friday, February 15th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.30. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.55%. The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.43 billion. During the same quarter last year, the company earned $0.68 earnings per share. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis.

A number of research firms have weighed in on NWL. Zacks Investment Research raised shares of Newell Brands from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Monday, January 7th. Jefferies Financial Group cut their price objective on shares of Newell Brands to $15.00 and set a “hold” rating on the stock in a report on Tuesday, February 19th. Barclays set a $16.00 price objective on shares of Newell Brands and gave the stock a “hold” rating in a report on Tuesday, February 19th. Citigroup set a $24.00 target price on shares of Newell Brands and gave the stock a “buy” rating in a research report on Wednesday, February 20th. Finally, Wells Fargo & Co restated a “buy” rating and set a $36.00 target price on shares of Newell Brands in a research report on Thursday, December 20th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $20.80.

Institutional investors and hedge funds have recently made changes to their positions in the company. Proficio Capital Partners LLC grew its position in shares of Newell Brands by 67.8% during the fourth quarter. Proficio Capital Partners LLC now owns 1,545 shares of the company’s stock worth $29,000 after acquiring an additional 624 shares during the last quarter. Capital Investment Advisory Services LLC purchased a new position in shares of Newell Brands during the fourth quarter worth approximately $31,000. JOYN Advisors Inc. grew its position in shares of Newell Brands by 232.3% during the fourth quarter. JOYN Advisors Inc. now owns 1,738 shares of the company’s stock worth $32,000 after acquiring an additional 1,215 shares during the last quarter. FNY Investment Advisers LLC grew its position in shares of Newell Brands by 459.1% during the fourth quarter. FNY Investment Advisers LLC now owns 1,957 shares of the company’s stock worth $36,000 after acquiring an additional 1,607 shares during the last quarter. Finally, We Are One Seven LLC purchased a new position in shares of Newell Brands during the fourth quarter worth approximately $49,000. Institutional investors and hedge funds own 98.42% of the company’s stock.

NWL stock remained flat at $$15.18 during midday trading on Tuesday. 5,389,685 shares of the company’s stock were exchanged, compared to its average volume of 6,584,837. 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 12 month low of $14.73 and a 12 month high of $28.38. The firm has a market capitalization of $6.43 billion, a PE ratio of 5.52, a P/E/G ratio of 3.82 and a beta of 0.90.

About Newell Brands

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

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