Newell Brands (NASDAQ:NWL) Updates Q4 2024 Earnings Guidance

Newell Brands (NASDAQ:NWL) updated its fourth quarter 2024 earnings guidance on Friday. The company provided earnings per share guidance of 0.110-0.140 for the period, compared to the consensus earnings per share estimate of 0.130. The company issued revenue guidance of $1.9 billion-$2.0 billion, compared to the consensus revenue estimate of $2.0 billion. Newell Brands also updated its FY 2024 guidance to 0.630-0.660 EPS.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NWL. JPMorgan Chase & Co. cut their price objective on Newell Brands from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Citigroup downgraded Newell Brands from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 13th. Wells Fargo & Company upped their price target on Newell Brands from $6.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. Truist Financial upped their price target on Newell Brands from $8.00 to $10.00 and gave the stock a “hold” rating in a research note on Tuesday, July 30th. Finally, Royal Bank of Canada upped their price target on Newell Brands from $7.50 to $9.50 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Newell Brands currently has an average rating of “Hold” and a consensus price target of $8.80.

Newell Brands Price Performance

Shares of NASDAQ NWL traded up $1.55 during midday trading on Friday, reaching $8.73. 21,224,215 shares of the stock traded hands, compared to its average volume of 5,488,259. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.98 and a quick ratio of 0.51. The stock has a market capitalization of $3.63 billion, a PE ratio of -13.66, a P/E/G ratio of 1.31 and a beta of 0.91. Newell Brands has a one year low of $5.39 and a one year high of $9.24. The company’s 50 day moving average is $7.41 and its 200 day moving average is $7.31.

Newell Brands (NASDAQ:NWL) last posted its earnings results on Friday, October 25th. The company reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.96 billion. Newell Brands had a positive return on equity of 13.04% and a negative net margin of 3.43%. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 EPS. On average, equities research analysts anticipate that Newell Brands will post 0.65 earnings per share for the current year.

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.28 annualized dividend and a yield of 3.21%. Newell Brands’s payout ratio is presently -43.08%.

About Newell Brands

Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.