Wall Street brokerages expect that Newell Brands Inc (NYSE:NWL) will post $2.47 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Newell Brands’ earnings. The highest sales estimate is $2.57 billion and the lowest is $2.41 billion. Newell Brands reported sales of $2.45 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 0.8%. The firm is expected to report its next earnings results on Friday, November 6th.
On average, analysts expect that Newell Brands will report full-year sales of $9.07 billion for the current year, with estimates ranging from $8.95 billion to $9.20 billion. For the next fiscal year, analysts anticipate that the company will report sales of $9.47 billion, with estimates ranging from $9.12 billion to $9.68 billion. Zacks’ sales calculations are a mean average based on a survey of research firms 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, topping the Zacks’ consensus estimate of $0.18 by $0.12. The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.03 billion. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.55%. Newell Brands’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 EPS.
Shares of NWL stock traded up $0.13 during midday trading on Thursday, reaching $17.22. 1,792,439 shares of the company were exchanged, compared to its average volume of 3,882,154. The company’s 50 day moving average price is $16.78 and its two-hundred day moving average price is $14.81. The company has a market cap of $7.31 billion, a P/E ratio of 6.28, a PEG ratio of 3.82 and a beta of 0.90. Newell Brands has a 12 month low of $10.44 and a 12 month high of $20.99. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.53 and a current ratio of 2.98.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were issued a dividend of $0.23 per share. The ex-dividend date was Friday, August 28th. This represents a $0.92 annualized dividend and a yield of 5.34%. Newell Brands’s dividend payout ratio (DPR) is presently 33.45%.
Institutional investors have recently modified their holdings of the company. Caisse DE Depot ET Placement DU Quebec raised its holdings in Newell Brands by 28.0% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 10,750,980 shares of the company’s stock worth $142,773,000 after acquiring an additional 2,354,616 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Newell Brands by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 9,269,346 shares of the company’s stock worth $147,198,000 after purchasing an additional 50,680 shares during the period. Nuveen Asset Management LLC increased its stake in shares of Newell Brands by 7.4% in the second quarter. Nuveen Asset Management LLC now owns 7,325,638 shares of the company’s stock worth $116,331,000 after purchasing an additional 505,831 shares during the period. Geode Capital Management LLC boosted its stake in Newell Brands by 2.9% during the 1st quarter. Geode Capital Management LLC now owns 6,727,998 shares of the company’s stock valued at $89,190,000 after purchasing an additional 186,976 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in Newell Brands by 3.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,823,607 shares of the company’s stock valued at $77,338,000 after purchasing an additional 205,439 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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