Newell Rubbermaid Inc. (NYSE:NWL) – Investment analysts at Gabelli dropped their FY2017 EPS estimates for shares of Newell Rubbermaid in a report released on Thursday. Gabelli analyst Z. Bodini now forecasts that the firm will post earnings of $3.05 per share for the year, down from their prior estimate of $3.15. Gabelli also issued estimates for Newell Rubbermaid’s FY2018 earnings at $3.55 EPS.
A number of other equities analysts have also commented on NWL. B. Riley reaffirmed a “buy” rating and set a $60.00 price target on shares of Newell Rubbermaid in a research report on Monday, August 1st. Citigroup Inc. reissued a “buy” rating and issued a $61.00 target price on shares of Newell Rubbermaid in a report on Tuesday, August 2nd. Royal Bank Of Canada reaffirmed a “top pick” rating and set a $60.00 price target on shares of Newell Rubbermaid in a report on Monday, August 1st. Deutsche Bank AG lifted their price target on shares of Newell Rubbermaid from $52.00 to $60.00 and gave the company a “buy” rating in a report on Monday, August 1st. Finally, RBC Capital Markets reaffirmed a “buy” rating on shares of Newell Rubbermaid in a report on Monday, August 1st. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $57.50.
Newell Rubbermaid (NYSE:NWL) traded up 0.67% during trading on Monday, reaching $52.76. 810,724 shares of the company were exchanged. The firm’s 50 day moving average price is $52.02 and its 200-day moving average price is $49.43. The stock has a market capitalization of $25.44 billion, a price-to-earnings ratio of 51.17 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 released its quarterly earnings results on Friday, July 29th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. Newell Rubbermaid had a net margin of 3.91% and a return on equity of 18.55%. The business had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period last year, the firm earned $0.64 earnings per share. Newell Rubbermaid’s revenue for the quarter was up 147.2% compared to the same quarter last year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Quadrant Capital Group LLC increased its position in shares of Newell Rubbermaid by 66.6% in the second quarter. Quadrant Capital Group LLC now owns 2,467 shares of the company’s stock worth $116,000 after buying an additional 986 shares during the period. Seven Bridges Advisors LLC bought a new stake in Newell Rubbermaid during the second quarter valued at $137,000. Parkside Financial Bank & Trust raised 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 bought a new stake in Newell Rubbermaid during the second quarter valued at $146,000. Finally, NN Investment Partners Holdings N.V. raised 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. 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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