Newell Rubbermaid Inc. (NYSE:NWL) – Equities researchers at Gabelli dropped their FY2019 earnings per share estimates for Newell Rubbermaid in a report released on Thursday. Gabelli analyst Z. Bodini now forecasts that the firm will post earnings of $3.90 per share for the year, down from their previous estimate of $4.00. Gabelli also issued estimates for Newell Rubbermaid’s FY2020 earnings at $4.20 EPS.
Several other research firms have also issued reports on NWL. Zacks Investment Research lowered shares of Newell Rubbermaid from a “buy” rating to a “hold” rating in a report on Monday, June 20th. Jefferies Group reissued a “buy” rating and issued a $59.00 target price on shares of Newell Rubbermaid in a report on Wednesday, June 29th. B. Riley reissued a “buy” rating and issued a $60.00 target price on shares of Newell Rubbermaid in a report on Monday, August 1st. Royal Bank Of Canada reissued a “top pick” rating and issued a $60.00 target price on shares of Newell Rubbermaid in a report on Monday, August 1st. Finally, Deutsche Bank AG increased their target price on shares of Newell Rubbermaid from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, August 1st. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Newell Rubbermaid currently has a consensus rating of “Buy” and an average target price of $57.50.
Newell Rubbermaid (NYSE:NWL) opened at 52.25 on Friday. The firm’s 50 day moving average is $52.06 and its 200 day moving average is $49.31. Newell Rubbermaid has a 1-year low of $33.26 and a 1-year high of $55.45. The stock has a market capitalization of $25.19 billion, a P/E ratio of 50.68 and a beta of 1.18.
Newell Rubbermaid (NYSE:NWL) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.72 by $0.06. The firm had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.76 billion. Newell Rubbermaid had a net margin of 3.91% and a return on equity of 18.55%. The business’s revenue was up 147.2% compared to the same quarter last year. During the same period last year, the firm posted $0.64 earnings per share.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Calamos Advisors LLC purchased a new position in Newell Rubbermaid during the second quarter worth approximately $51,878,000. RS Investment Management Co. LLC purchased a new position in Newell Rubbermaid during the second quarter worth approximately $18,424,000. Geode Capital Management LLC increased its position in Newell Rubbermaid by 2.3% in the first quarter. Geode Capital Management LLC now owns 2,149,126 shares of the company’s stock worth $94,988,000 after buying an additional 47,310 shares in the last quarter. PGGM Investments increased its position in Newell Rubbermaid by 2.6% in the second quarter. PGGM Investments now owns 663,925 shares of the company’s stock worth $32,247,000 after buying an additional 16,661 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in Newell Rubbermaid by 24.5% in the first quarter. Wellington Management Group LLP now owns 5,585,781 shares of the company’s stock worth $247,395,000 after buying an additional 1,100,593 shares in the last quarter. Hedge funds and other institutional investors own 93.12% of the company’s stock.
About Newell Rubbermaid
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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