Analysts expect Newell Brands Inc (NYSE:NWL) to report $0.28 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Newell Brands’ earnings, with the highest EPS estimate coming in at $0.37 and the lowest estimate coming in at $0.21. Newell Brands posted earnings of $0.34 per share during the same quarter last year, which suggests a negative year over year growth rate of 17.6%. The firm is expected to report its next quarterly earnings results on Monday, May 14th.
On average, analysts expect that Newell Brands will report full-year earnings of $2.70 per share for the current year, with EPS estimates ranging from $2.65 to $2.75. For the next financial year, analysts anticipate that the firm will report earnings of $2.91 per share, with EPS estimates ranging from $2.65 to $3.18. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Newell Brands.
Newell Brands (NYSE:NWL) last posted its quarterly earnings results on Friday, February 16th. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.01. Newell Brands had a net margin of 18.65% and a return on equity of 10.47%. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same quarter last year, the firm posted $0.80 earnings per share. Newell Brands’s revenue for the quarter was down 9.5% compared to the same quarter last year.
Several institutional investors and hedge funds have recently bought and sold shares of NWL. MUFG Americas Holdings Corp grew its position in shares of Newell Brands by 566.7% during the fourth quarter. MUFG Americas Holdings Corp now owns 3,380 shares of the company’s stock worth $104,000 after buying an additional 2,873 shares in the last quarter. Cerebellum GP LLC acquired a new stake in shares of Newell Brands during the fourth quarter worth approximately $123,000. Patten Group Inc. grew its position in shares of Newell Brands by 5,263.6% during the fourth quarter. Patten Group Inc. now owns 6,919 shares of the company’s stock worth $214,000 after buying an additional 6,790 shares in the last quarter. Balter Liquid Alternatives LLC acquired a new stake in shares of Newell Brands during the fourth quarter worth approximately $215,000. Finally, Belpointe Asset Management LLC acquired a new stake in shares of Newell Brands during the third quarter worth approximately $226,000. Institutional investors own 92.74% of the company’s stock.
Newell Brands (NYSE NWL) opened at $28.60 on Wednesday. Newell Brands has a 1-year low of $23.85 and a 1-year high of $55.08. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 0.83. The company has a market cap of $14,065.95, a P/E ratio of 5.08, a P/E/G ratio of 1.49 and a beta of 0.88.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be paid a dividend of $0.23 per share. The ex-dividend date is Tuesday, February 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.22%. Newell Brands’s dividend payout ratio is currently 16.34%.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.