According to Zacks, “Newell Brands remains keen on solidifying its portfolio by investing in key segments, reducing activities with low profitability, and exiting underperforming operations. Evidently, Newell recently merged with Jarden and sold its window covering brands, in order to sharpen its focus on creating a faster growing and higher margin entity. Also, with its Project Renewal Program on track, the company is set to generate its targeted cost savings, which should boost earnings and fuel growth. Additionally, Newell’s solid financials help it drive shareholder value and future development via value-added investments. Thanks to these factors, the company flaunts a positive record of earnings surprises in recent quarters, with estimates being stable ahead of the company’s third quarter earnings release. However, Newell’s significant global presence exposes it to adverse currency movements, which remains a threat to future results.”
Several other equities research analysts also recently weighed in on NWL. B. Riley restated a buy rating and set a $60.00 price target on shares of Newell Rubbermaid in a report on Monday, August 1st. Citigroup Inc. reiterated a buy rating and issued a $61.00 price objective on shares of Newell Rubbermaid in a report on Tuesday, August 2nd. Royal Bank Of Canada reiterated a top pick rating and issued a $60.00 price objective on shares of Newell Rubbermaid in a report on Monday, August 1st. RBC Capital Markets reiterated a buy rating on shares of Newell Rubbermaid in a report on Monday, August 1st. Finally, Deutsche Bank AG increased their price objective on Newell Rubbermaid from $52.00 to $60.00 and gave the company a buy rating in a report on Monday, August 1st. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Newell Rubbermaid presently has an average rating of Buy and an average price target of $57.50.
Newell Rubbermaid (NYSE:NWL) opened at 52.57 on Monday. The firm has a 50-day moving average price of $52.51 and a 200-day moving average price of $48.97. The firm has a market capitalization of $25.35 billion, a P/E ratio of 50.99 and a beta of 1.18. Newell Rubbermaid has a one year low of $33.26 and a one year high of $55.45.
Newell Rubbermaid (NYSE:NWL) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.06. Newell Rubbermaid had a return on equity of 18.55% and a net margin of 3.91%. The company had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the prior year, the business earned $0.64 EPS. Newell Rubbermaid’s revenue was up 147.2% on a year-over-year basis. Equities analysts anticipate that Newell Rubbermaid will post $2.88 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were issued a $0.19 dividend. The ex-dividend date of this dividend was Monday, August 29th. This represents a $0.76 annualized dividend and a dividend yield of 1.45%. Newell Rubbermaid’s dividend payout ratio is currently 76.00%.
Several hedge funds have recently bought and sold shares of NWL. Quadrant Capital Group LLC boosted its stake in Newell Rubbermaid by 66.6% in the second quarter. Quadrant Capital Group LLC now owns 2,467 shares of the company’s stock valued at $116,000 after buying an additional 986 shares in the last quarter. Seven Bridges Advisors LLC acquired a new stake in Newell Rubbermaid during the second quarter valued at approximately $137,000. Parkside Financial Bank & Trust boosted its stake in Newell Rubbermaid by 13.2% in the second quarter. Parkside Financial Bank & Trust now owns 2,837 shares of the company’s stock valued at $138,000 after buying an additional 330 shares in the last quarter. FineMark National Bank & Trust acquired a new stake in Newell Rubbermaid during the second quarter valued at approximately $146,000. Finally, NN Investment Partners Holdings N.V. boosted its stake in Newell Rubbermaid by 56.5% in the second quarter. NN Investment Partners Holdings N.V. now owns 3,101 shares of the company’s stock valued at $151,000 after buying an additional 1,120 shares in the last quarter. 93.12% of the stock is owned by institutional investors and hedge funds.
Newell Rubbermaid Company Profile
Newell Brands Inc, formerly Newell Rubbermaid Inc, is a global consumer goods company. The Company’s brands consists of Paper Mate, Sharpie, Dymo, EXPO, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Irwin, Lenox, Oster, Sunbeam, FoodSaver, Mr. Coffee, Rubbermaid Commercial Products, Graco, Baby Jogger, NUK, Calphalon, Rubbermaid, Contigo, First Alert, Waddington and Yankee Candle.
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