Newell Brands (NASDAQ:NWL – Get Free Report) announced its quarterly earnings data on Friday. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.13 by $0.11, Briefing.com reports. Newell Brands had a negative net margin of 3.53% and a positive return on equity of 10.33%. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the previous year, the business earned $0.57 earnings per share. The company’s revenue was down 13.0% on a year-over-year basis.
Newell Brands Trading Up 7.7 %
NASDAQ:NWL opened at $11.04 on Monday. Newell Brands has a twelve month low of $7.80 and a twelve month high of $21.55. The company has a quick ratio of 0.62, a current ratio of 1.25 and a debt-to-equity ratio of 1.43. The business has a 50 day moving average price of $9.01 and a two-hundred day moving average price of $10.91. The company has a market cap of $4.57 billion, a P/E ratio of -14.92 and a beta of 0.94.
Newell Brands Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Wednesday, May 31st were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, May 30th. This represents a $0.28 dividend on an annualized basis and a yield of 2.54%. Newell Brands’s payout ratio is -37.84%.
Insiders Place Their Bets
Institutional Trading of Newell Brands
Several hedge funds and other institutional investors have recently made changes to their positions in NWL. Mariner LLC raised its position in shares of Newell Brands by 3.3% during the first quarter. Mariner LLC now owns 16,544 shares of the company’s stock worth $355,000 after purchasing an additional 532 shares during the period. Private Advisor Group LLC lifted its holdings in Newell Brands by 5.0% during the 1st quarter. Private Advisor Group LLC now owns 12,567 shares of the company’s stock worth $269,000 after purchasing an additional 593 shares in the last quarter. Kinneret Advisory LLC lifted its holdings in Newell Brands by 2.3% during the 1st quarter. Kinneret Advisory LLC now owns 33,080 shares of the company’s stock worth $708,000 after purchasing an additional 739 shares in the last quarter. Yousif Capital Management LLC raised its holdings in shares of Newell Brands by 1.3% in the 1st quarter. Yousif Capital Management LLC now owns 58,920 shares of the company’s stock valued at $1,261,000 after acquiring an additional 745 shares in the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of Newell Brands by 4.5% during the 1st quarter. HighTower Advisors LLC now owns 18,847 shares of the company’s stock valued at $401,000 after buying an additional 808 shares in the last quarter. 94.88% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research firms have recently weighed in on NWL. Raymond James decreased their price objective on shares of Newell Brands from $15.00 to $13.00 and set a “strong-buy” rating for the company in a report on Monday, July 24th. Citigroup dropped their price objective on shares of Newell Brands from $13.00 to $9.00 in a research note on Tuesday, June 13th. Barclays decreased their price target 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, July 20th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Newell Brands from $14.00 to $13.00 in a research report on Monday, May 1st. Finally, Canaccord Genuity Group started 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 on the stock. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Newell Brands currently has an average rating of “Hold” and an average price target of $15.83.
About Newell Brands
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.
Featured Articles
- Five stocks we like better than Newell Brands
- How to Invest in Toy Stocks
- Should a Lack of Windfall Profits Keep You Out on Chevron Stock?
- Insider Trading – What You Need to Know
- Two Foolproof Plays for Apple’s Earnings
- How to Invest in Energy
- MarketBeat Week in Review – 7/24 – 7/28
Receive News & Ratings for Newell Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newell Brands and related companies with MarketBeat.com's FREE daily email newsletter.
