Newell Brands (NASDAQ:NWL) Posts Earnings Results, Hits Expectations

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

Newell Brands Stock Performance

NASDAQ:NWL opened at $7.79 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.63 and a debt-to-equity ratio of 1.47. Newell Brands has a 52 week low of $6.49 and a 52 week high of $12.31. The firm has a 50-day moving average price of $7.49 and a two-hundred day moving average price of $7.74.

Newell Brands Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 3.59%. Newell Brands’s dividend payout ratio (DPR) is -38.89%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NWL. UBS Group downgraded shares of Newell Brands from a “buy” rating to a “neutral” rating and dropped their price target for the company from $10.00 to $8.50 in a research report on Friday, February 16th. JPMorgan Chase & Co. lifted their price objective on shares of Newell Brands from $7.00 to $9.00 and gave the company a “neutral” rating in a research note on Tuesday, January 9th. Royal Bank of Canada decreased their price objective on shares of Newell Brands from $9.00 to $7.50 and set a “sector perform” rating on the stock in a research note on Monday, February 12th. Citigroup decreased their price objective on shares of Newell Brands from $9.00 to $7.50 and set a “neutral” rating on the stock in a research note on Monday, February 12th. Finally, Morgan Stanley decreased their target price on shares of Newell Brands from $8.50 to $7.75 and set an “equal weight” rating on the stock in a research note on Monday, February 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Newell Brands has an average rating of “Hold” and an average price target of $9.13.

Newell Brands Company Profile

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.