Newell Brands (NASDAQ:NWL – Get Free Report) will issue its quarterly earnings data before the market opens on Friday, July 28th. Analysts expect the company to announce earnings of $0.13 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.
Newell Brands (NASDAQ:NWL – Get Free Report) last released its earnings results on Friday, April 28th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.79 billion. Newell Brands had a positive return on equity of 13.59% and a negative net margin of 1.31%. Newell Brands’s revenue for the quarter was down 24.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.36 EPS. On average, analysts expect Newell Brands to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Newell Brands Stock Performance
NWL stock opened at $9.95 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.55 and a debt-to-equity ratio of 1.43. Newell Brands has a 12-month low of $7.80 and a 12-month high of $21.55. The stock’s 50 day simple moving average is $8.85 and its 200 day simple moving average is $11.09. The firm has a market cap of $4.12 billion, a P/E ratio of -34.31 and a beta of 0.94.
Newell Brands Cuts Dividend
Insider Buying and Selling
In other Newell Brands news, CFO Mark J. Erceg purchased 9,515 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The stock was purchased at an average price of $9.99 per share, with a total value of $95,054.85. Following the completion of the purchase, the chief financial officer now owns 153,140 shares of the company’s stock, valued at $1,529,868.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.10% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in NWL. Fairfield Bush & CO. bought a new position in shares of Newell Brands during the 1st quarter valued at approximately $26,000. Canada Pension Plan Investment Board grew its stake in shares of Newell Brands by 711.7% during the first quarter. Canada Pension Plan Investment Board now owns 4,107 shares of the company’s stock valued at $88,000 after buying an additional 3,601 shares during the last quarter. Covestor Ltd grew its holdings in shares of Newell Brands by 195.8% in the first quarter. Covestor Ltd now owns 6,900 shares of the company’s stock worth $148,000 after purchasing an additional 4,567 shares during the last quarter. Belpointe Asset Management LLC increased its holdings in Newell Brands by 629.5% during the 1st quarter. Belpointe Asset Management LLC now owns 7,244 shares of the company’s stock valued at $90,000 after purchasing an additional 6,251 shares during the period. Finally, Ossiam raised its holdings in Newell Brands by 40.1% in the 1st quarter. Ossiam now owns 8,764 shares of the company’s stock worth $109,000 after purchasing an additional 2,507 shares in the last quarter. 94.88% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on NWL. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Newell Brands from $14.00 to $13.00 in a research note on Monday, May 1st. Citigroup cut their target price on shares of Newell Brands from $13.00 to $9.00 in a research report on Tuesday, June 13th. Canaccord Genuity Group initiated coverage on shares of Newell Brands in a research note on Tuesday, July 11th. They issued a “buy” rating and a $13.00 price objective for the company. Finally, Barclays cut their target price on shares of Newell Brands from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Thursday. Two analysts have rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Newell Brands currently has a consensus rating of “Hold” and an average target price of $16.17.
Newell Brands Company Profile
Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in five segments: Commercial Solutions, Home Appliances, Home Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solutions; closet and garage organization products; hygiene systems and material handling solutions; and connected home and security products under the Mapa, Quickie, Rubbermaid, Rubbermaid Commercial Products, and Spontex brands.
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