Newell Brands (NASDAQ:NWL) Releases Quarterly Earnings Results, Hits Estimates

Newell Brands (NASDAQ:NWL) released its quarterly earnings results on Friday. The company reported ($0.07) earnings per share for the quarter, meeting the consensus estimate of ($0.07), Yahoo Finance reports. The firm had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Newell Brands had a positive return on equity of 10.24% and a negative net margin of 4.77%. The company’s revenue was down 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.06) EPS.

Newell Brands Trading Up 12.2 %

Shares of NWL stock opened at $7.79 on Friday. Newell Brands has a 52-week low of $6.49 and a 52-week high of $12.31. The company has a current ratio of 1.16, a quick ratio of 0.63 and a debt-to-equity ratio of 1.47. The stock has a fifty day simple moving average of $7.49 and a two-hundred day simple moving average of $7.74.

Newell Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.28 dividend on an annualized basis and a yield of 3.59%. Newell Brands’s payout ratio is presently -38.89%.

Wall Street Analysts Forecast Growth

NWL has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price target on Newell Brands from $7.00 to $9.00 and gave the company a “neutral” rating in a report on Tuesday, January 9th. Royal Bank of Canada decreased their target price on Newell Brands from $9.00 to $7.50 and set a “sector perform” rating on the stock in a report on Monday, February 12th. Citigroup decreased their target price on Newell Brands from $9.00 to $7.50 and set a “neutral” rating on the stock in a report on Monday, February 12th. Barclays raised their target price on Newell Brands from $5.00 to $6.00 and gave the stock an “underweight” rating in a report on Tuesday, January 16th. Finally, Morgan Stanley decreased their target price on Newell Brands from $8.50 to $7.75 and set an “equal weight” rating on the stock in a report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $9.13.

About Newell Brands

Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.