Newell Brands Inc. (NYSE:NWL) – Equities research analysts at Oppenheimer Holdings decreased their Q4 2017 earnings estimates for shares of Newell Brands in a research note issued on Thursday. Oppenheimer Holdings analyst R. Parikh now forecasts that the company will post earnings per share of $0.91 for the quarter, down from their prior forecast of $0.93. Oppenheimer Holdings has a “Hold” rating and a $50.00 price objective on the stock. Oppenheimer Holdings also issued estimates for Newell Brands’ FY2018 earnings at $3.30 EPS and FY2019 earnings at $3.75 EPS.
Several other brokerages have also recently weighed in on NWL. BMO Capital Markets set a $51.00 price objective on Newell Brands and gave the company a “hold” rating in a report on Saturday, August 5th. BidaskClub cut Newell Brands from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded Newell Brands from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Wednesday, July 12th. Royal Bank Of Canada restated a “buy” rating and issued a $60.00 price objective on shares of Newell Brands in a report on Thursday, June 8th. Finally, J P Morgan Chase & Co set a $61.00 price objective on Newell Brands and gave the company a “buy” rating in a report on Monday, August 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Newell Brands has a consensus rating of “Buy” and a consensus target price of $57.36.
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Shares of Newell Brands (NYSE NWL) opened at 44.02 on Monday. Newell Brands has a 1-year low of $42.88 and a 1-year high of $55.08. The stock’s 50 day moving average price is $49.84 and its 200 day moving average price is $50.34. The company has a market cap of $21.57 billion, a P/E ratio of 17.58 and a beta of 1.19.
Newell Brands (NYSE:NWL) last released its quarterly earnings results on Friday, August 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.01. The company had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $3.96 billion. Newell Brands had a return on equity of 11.47% and a net margin of 7.87%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.78 EPS.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Tuesday, August 29th. Newell Brands’s dividend payout ratio is presently 36.95%.
Large investors have recently modified their holdings of the company. Harfst & Associates Inc. bought a new stake in shares of Newell Brands during the first quarter worth approximately $103,000. BDO Wealth Advisors LLC bought a new stake in shares of Newell Brands during the second quarter worth approximately $107,000. Israel Discount Bank of New York bought a new stake in shares of Newell Brands during the first quarter worth approximately $112,000. Parallel Advisors LLC boosted its holdings in shares of Newell Brands by 23.0% during the first quarter. Parallel Advisors LLC now owns 2,906 shares of the company’s stock worth $132,000 after acquiring an additional 544 shares during the period. Finally, BB&T Investment Services Inc. bought a new stake in shares of Newell Brands during the second quarter worth approximately $143,000. Institutional investors own 92.43% of the company’s stock.
Newell Brands Company Profile
Newell Brands Inc is a marketer of consumer and commercial products. The Company’s segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. Its products are marketed under a portfolio of brands, including Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Mr.
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