Wall Street analysts predict that Newell Brands Inc (NYSE:NWL) will report $0.41 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Newell Brands’ earnings. The lowest EPS estimate is $0.27 and the highest is $0.46. Newell Brands posted earnings of $0.68 per share in the same quarter last year, which would suggest a negative year over year growth rate of 39.7%. The firm is scheduled to announce its next quarterly earnings results on Friday, February 15th.
According to Zacks, analysts expect that Newell Brands will report full year earnings of $1.22 per share for the current fiscal year, with EPS estimates ranging from $1.09 to $1.27. For the next financial year, analysts forecast that the company will report earnings of $1.66 per share, with EPS estimates ranging from $1.12 to $2.12. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Newell Brands.
Newell Brands (NYSE:NWL) last released its earnings results on Friday, November 2nd. The company reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.55. The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.34 billion. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.55%. The company’s revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.86 EPS.
NYSE:NWL opened at $22.08 on Friday. The stock has a market capitalization of $10.59 billion, a PE ratio of 8.03, a price-to-earnings-growth ratio of 3.82 and a beta of 0.90. The company has a current ratio of 2.98, a quick ratio of 2.53 and a debt-to-equity ratio of 1.54. Newell Brands has a 1-year low of $15.11 and a 1-year high of $32.58.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 14th. Investors of record on Friday, November 30th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 4.17%. The ex-dividend date was Thursday, November 29th. Newell Brands’s dividend payout ratio (DPR) is 33.45%.
In other Newell Brands news, SVP James L. Cunningham III sold 22,331 shares of the company’s stock in a transaction dated Monday, November 26th. The shares were sold at an average price of $23.45, for a total transaction of $523,661.95. Following the transaction, the senior vice president now owns 7,321 shares in the company, valued at approximately $171,677.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brett Icahn bought 100,000 shares of the stock in a transaction on Monday, November 12th. The shares were bought at an average price of $20.03 per share, for a total transaction of $2,003,000.00. The disclosure for this purchase can be found here. Corporate insiders own 0.97% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of NWL. Franklin Resources Inc. lifted its stake in Newell Brands by 4,814.0% during the 3rd quarter. Franklin Resources Inc. now owns 11,308,700 shares of the company’s stock valued at $229,568,000 after acquiring an additional 11,078,567 shares during the period. BlackRock Inc. lifted its stake in Newell Brands by 10.7% during the 3rd quarter. BlackRock Inc. now owns 41,188,089 shares of the company’s stock valued at $836,120,000 after acquiring an additional 3,982,751 shares during the period. Bank of New York Mellon Corp lifted its stake in Newell Brands by 15.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 14,040,672 shares of the company’s stock valued at $285,027,000 after acquiring an additional 1,906,362 shares during the period. Wells Fargo & Company MN lifted its stake in Newell Brands by 90.9% during the 2nd quarter. Wells Fargo & Company MN now owns 1,843,491 shares of the company’s stock valued at $47,544,000 after acquiring an additional 877,661 shares during the period. Finally, Teachers Advisors LLC lifted its stake in Newell Brands by 28.3% during the 3rd quarter. Teachers Advisors LLC now owns 2,783,541 shares of the company’s stock valued at $56,506,000 after acquiring an additional 614,285 shares during the period. Institutional investors and hedge funds own 98.42% of the company’s stock.
About Newell Brands
Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company's Live segment offers household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products, fresh preserving products, and home fragrance products; and baby gear, infant care, and health products primarily under Aprica, Baby Jogger, Ball, Calphalon, Chesapeake Bay Candle, Crock-Pot, FoodSaver, Graco, Mr.
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