Newell Brands Inc. (NYSE:NWL) issued an update on its FY17 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $3.00-3.20 for the period, compared to the Thomson Reuters consensus estimate of $3.12. The company issued revenue guidance of $14.8-15.0 billion, compared to the consensus revenue estimate of $14.79 billion.
Newell Brands Inc. (NWL) opened at 50.69 on Friday. Newell Brands Inc. has a 12 month low of $43.43 and a 12 month high of $55.45. The stock’s 50 day moving average price is $53.31 and its 200-day moving average price is $49.86. The company has a market capitalization of $24.49 billion, a P/E ratio of 21.52 and a beta of 1.17.
Newell Brands (NYSE:NWL) last posted its quarterly earnings data on Friday, August 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. Newell Brands had a return on equity of 11.07% and a net margin of 7.40%. The firm had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same period in the prior year, the business earned $0.78 EPS. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities research analysts predict that Newell Brands Inc. will post $3.12 EPS for the current fiscal year.
A number of equities research analysts have recently weighed in on NWL shares. BMO Capital Markets set a $51.00 target price on Newell Brands and gave the company a hold rating in a research note on Saturday. Zacks Investment Research raised Newell Brands from a hold rating to a buy rating and set a $52.00 target price for the company in a research note on Tuesday, April 11th. BidaskClub lowered Newell Brands from a buy rating to a hold rating in a research note on Thursday, June 22nd. B. Riley reissued a buy rating and issued a $71.00 target price on shares of Newell Brands in a research note on Friday, April 14th. Finally, Royal Bank Of Canada reissued a buy rating and issued a $60.00 target price on shares of Newell Brands in a research note on Thursday, June 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $58.29.
In other news, Director Thomas E. Clarke sold 5,353 shares of the stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $52.49, for a total value of $280,978.97. Following the completion of the transaction, the director now owns 66,286 shares of the company’s stock, valued at approximately $3,479,352.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.97% of the stock is currently owned by corporate insiders.
About Newell Brands
Newell Brands Inc is a marketer of consumer and commercial products. The Company’s segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. Its products are marketed under a portfolio of brands, including Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Mr.
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