Newell Brands Inc (NWL) Expected to Post Quarterly Sales of $3.06 Billion

Analysts expect Newell Brands Inc (NYSE:NWL) to post sales of $3.06 billion for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Newell Brands’ earnings, with the lowest sales estimate coming in at $3.00 billion and the highest estimate coming in at $3.14 billion. Newell Brands reported sales of $3.27 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 6.4%. The business is scheduled to announce its next earnings report on Monday, May 14th.

On average, analysts expect that Newell Brands will report full-year sales of $3.06 billion for the current financial year, with estimates ranging from $14.27 billion to $14.68 billion. For the next fiscal year, analysts expect that the business will report sales of $14.72 billion per share, with estimates ranging from $14.27 billion to $15.11 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Newell Brands.

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Newell Brands (NYSE:NWL) last posted its quarterly earnings data on Friday, February 16th. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. Newell Brands had a return on equity of 10.47% and a net margin of 18.65%. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same period in the prior year, the business earned $0.80 EPS. The company’s revenue for the quarter was down 9.5% compared to the same quarter last year.

A number of equities analysts have recently issued reports on the company. BMO Capital Markets cut their price objective on Newell Brands to $25.00 and set a “market perform” rating for the company in a report on Friday, January 26th. Zacks Investment Research lowered Newell Brands from a “hold” rating to a “sell” rating in a research note on Monday, January 29th. Vetr raised Newell Brands from a “buy” rating to a “strong-buy” rating and set a $29.00 target price for the company in a research note on Monday, March 26th. Bank of America lowered Newell Brands from a “buy” rating to a “neutral” rating in a research note on Thursday, January 25th. Finally, SunTrust Banks reissued a “buy” rating and issued a $35.00 target price on shares of Newell Brands in a research note on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $34.72.

Shares of NWL traded down $0.43 during midday trading on Monday, reaching $25.79. The stock had a trading volume of 4,267,277 shares, compared to its average volume of 9,166,203. Newell Brands has a 12-month low of $23.85 and a 12-month high of $55.08. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $12,721.94, a P/E ratio of 9.38, a PEG ratio of 1.41 and a beta of 0.81.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend was Tuesday, February 27th. Newell Brands’s payout ratio is 33.45%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Gateway Investment Advisers LLC raised its position in Newell Brands by 0.4% during the 4th quarter. Gateway Investment Advisers LLC now owns 392,838 shares of the company’s stock valued at $12,139,000 after purchasing an additional 1,582 shares during the last quarter. Condor Capital Management raised its position in Newell Brands by 8.9% during the 4th quarter. Condor Capital Management now owns 23,380 shares of the company’s stock valued at $722,000 after purchasing an additional 1,904 shares during the last quarter. Buckingham Capital Management Inc. raised its position in Newell Brands by 7.5% during the 3rd quarter. Buckingham Capital Management Inc. now owns 30,015 shares of the company’s stock valued at $1,281,000 after purchasing an additional 2,085 shares during the last quarter. New Mexico Educational Retirement Board raised its position in Newell Brands by 4.9% during the 4th quarter. New Mexico Educational Retirement Board now owns 47,090 shares of the company’s stock valued at $1,455,000 after purchasing an additional 2,200 shares during the last quarter. Finally, Zions Bancorporation raised its position in Newell Brands by 72.6% during the 3rd quarter. Zions Bancorporation now owns 5,588 shares of the company’s stock valued at $238,000 after purchasing an additional 2,350 shares during the last quarter. 92.74% of the stock is owned by institutional investors and hedge funds.

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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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Earnings History and Estimates for Newell Brands (NYSE:NWL)

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