Newell Brands (NYSE:NWL) Announces Earnings Results, Beats Estimates By $0.03 EPS

Newell Brands (NYSE:NWL) released its earnings results on Friday. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03, RTT News reports. The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.58 billion. Newell Brands had a positive return on equity of 9.55% and a negative net margin of 46.92%. Newell Brands’s revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 EPS.

NYSE NWL traded up $0.58 during trading hours on Friday, hitting $20.10. 7,770,020 shares of the company were exchanged, compared to its average volume of 3,075,157. The company has a 50 day moving average of $19.64 and a two-hundred day moving average of $18.52. The company has a quick ratio of 2.53, a current ratio of 2.98 and a debt-to-equity ratio of 1.54. Newell Brands has a 52-week low of $13.04 and a 52-week high of $21.88. The firm has a market cap of $8.59 billion, a price-to-earnings ratio of 7.31, a PEG ratio of 3.82 and a beta of 0.90.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 28th will be paid a dividend of $0.23 per share. The ex-dividend date is Thursday, February 27th. This represents a $0.92 annualized dividend and a yield of 4.58%. Newell Brands’s payout ratio is 33.45%.

Several analysts have recently issued reports on the stock. Consumer Edge cut shares of Newell Brands from an “equal weight” rating to an “underweight” rating in a research report on Monday, November 11th. Zacks Investment Research upgraded shares of Newell Brands from a “sell” rating to a “hold” rating and set a $21.00 price objective for the company in a report on Friday, January 17th. Finally, TheStreet raised shares of Newell Brands from a “d” rating to a “c-” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Newell Brands presently has a consensus rating of “Hold” and an average target price of $19.78.

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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Earnings History for Newell Brands (NYSE:NWL)

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