Brokerages Expect Newell Brands Inc (NYSE:NWL) to Post $0.42 EPS

Analysts expect Newell Brands Inc (NYSE:NWL) to announce $0.42 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Newell Brands’ earnings. The highest EPS estimate is $0.58 and the lowest is $0.37. Newell Brands posted earnings of $0.73 per share in the same quarter last year, which suggests a negative year over year growth rate of 42.5%. The firm is expected to issue its next earnings report on Friday, November 6th.

According to Zacks, analysts expect that Newell Brands will report full-year earnings of $1.25 per share for the current year, with EPS estimates ranging from $1.15 to $1.52. For the next financial year, analysts expect that the company will report earnings of $1.44 per share, with EPS estimates ranging from $1.20 to $1.76. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that that provide coverage for Newell Brands.

Newell Brands (NYSE:NWL) last announced its quarterly earnings data on Friday, July 31st. The company reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.12. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.55%. The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the prior year, the business earned $0.45 earnings per share. The firm’s revenue for the quarter was down .3% on a year-over-year basis.

A number of brokerages recently commented on NWL. Morgan Stanley upped their target price on Newell Brands from $14.00 to $15.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. Deutsche Bank increased their price objective on shares of Newell Brands from $17.00 to $18.00 and gave the company a “hold” rating in a research note on Thursday, September 17th. TheStreet upgraded shares of Newell Brands from a “d” rating to a “c-” rating in a research report on Friday, July 31st. JPMorgan Chase & Co. increased their price target on shares of Newell Brands from $13.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Finally, Citigroup lifted their price objective on Newell Brands from $15.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. Newell Brands currently has an average rating of “Hold” and an average target price of $16.50.

A number of hedge funds have recently added to or reduced their stakes in the stock. Amundi Pioneer Asset Management Inc. increased its stake in shares of Newell Brands by 18.5% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 292,619 shares of the company’s stock valued at $4,488,000 after buying an additional 45,706 shares in the last quarter. American International Group Inc. increased its stake in Newell Brands by 1.3% in the first quarter. American International Group Inc. now owns 151,049 shares of the company’s stock valued at $2,006,000 after purchasing an additional 1,990 shares in the last quarter. Aperio Group LLC raised its holdings in Newell Brands by 44.9% in the first quarter. Aperio Group LLC now owns 233,901 shares of the company’s stock worth $3,106,000 after purchasing an additional 72,482 shares during the period. Rhumbline Advisers boosted its position in shares of Newell Brands by 23.4% during the first quarter. Rhumbline Advisers now owns 682,266 shares of the company’s stock worth $9,060,000 after purchasing an additional 129,305 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Newell Brands by 24.5% in the 1st quarter. First Trust Advisors LP now owns 301,941 shares of the company’s stock valued at $4,010,000 after buying an additional 59,421 shares during the period. 98.42% of the stock is owned by hedge funds and other institutional investors.

Newell Brands stock traded up $0.13 during trading hours on Tuesday, hitting $17.22. The stock had a trading volume of 1,792,439 shares, compared to its average volume of 3,882,154. Newell Brands has a fifty-two week low of $10.44 and a fifty-two week high of $20.99. The company has a market cap of $7.31 billion, a PE ratio of 6.28, a price-to-earnings-growth ratio of 3.82 and a beta of 0.90. The company has a 50-day moving average of $16.78 and a two-hundred day moving average of $14.81. The company has a quick ratio of 2.53, a current ratio of 2.98 and a debt-to-equity ratio of 1.54.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, August 28th. This represents a $0.92 dividend on an annualized basis and a yield of 5.34%. Newell Brands’s dividend payout ratio (DPR) is presently 33.45%.

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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