Newell Brands (NYSE:NWL) posted its quarterly earnings data on Friday, February 16th. The company reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.01, Bloomberg Earnings reports. 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 for the quarter, compared to analysts’ expectations of $3.69 billion. During the same period in the previous year, the firm earned $0.80 EPS. The business’s quarterly revenue was down 9.5% on a year-over-year basis. Newell Brands updated its FY18 guidance to $2.65-2.85 EPS.
Shares of Newell Brands (NYSE:NWL) traded up $1.67 on Monday, hitting $28.99. The stock had a trading volume of 11,234,941 shares, compared to its average volume of 12,180,000. The stock has a market cap of $14,210.00, a PE ratio of 9.79, a price-to-earnings-growth ratio of 1.41 and a beta of 0.88. Newell Brands has a twelve month low of $23.85 and a twelve month high of $55.08. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.70.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.92 annualized dividend and a dividend yield of 3.17%. Newell Brands’s dividend payout ratio (DPR) is 31.08%.
Several institutional investors and hedge funds have recently modified their holdings of NWL. MUFG Americas Holdings Corp raised its holdings in shares of Newell Brands by 566.7% during the 4th quarter. MUFG Americas Holdings Corp now owns 3,380 shares of the company’s stock worth $104,000 after acquiring an additional 2,873 shares in the last quarter. Parkside Investments LLC purchased a new stake in shares of Newell Brands during the 3rd quarter worth approximately $107,000. Cerebellum GP LLC bought a new position in shares of Newell Brands during the 4th quarter valued at approximately $123,000. WINTON GROUP Ltd bought a new position in shares of Newell Brands during the 2nd quarter valued at approximately $202,000. Finally, Patten Group Inc. increased its position in shares of Newell Brands by 5,263.6% during the 4th quarter. Patten Group Inc. now owns 6,919 shares of the company’s stock valued at $214,000 after purchasing an additional 6,790 shares during the last quarter. 92.74% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently commented on NWL shares. KeyCorp reissued a “buy” rating and issued a $32.00 price target (down from $40.00) on shares of Newell Brands in a report on Monday, January 29th. Barclays reissued a “buy” rating and issued a $35.00 price target on shares of Newell Brands in a report on Wednesday, December 6th. SunTrust Banks reissued a “buy” rating and issued a $35.00 price target on shares of Newell Brands in a report on Tuesday, January 30th. Vetr raised Newell Brands from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a report on Tuesday, February 20th. Finally, Citigroup reissued a “buy” rating on shares of Newell Brands in a report on Monday, March 5th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $34.50.
About Newell Brands
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.
Receive News & Ratings for Newell Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newell Brands and related companies with MarketBeat.com's FREE daily email newsletter.