Newell Brands (NWL) Expected to Post Earnings of $0.27 Per Share

Equities analysts expect Newell Brands (NYSE:NWL) to post earnings per share of $0.27 for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Newell Brands’ earnings. The highest EPS estimate is $0.30 and the lowest is $0.23. Newell Brands reported earnings per share of $0.34 in the same quarter last year, which would suggest a negative year-over-year growth rate of 20.6%. The company is expected to announce its next earnings results on Monday, May 14th.

On average, analysts expect that Newell Brands will report full-year earnings of $2.67 per share for the current year, with EPS estimates ranging from $2.60 to $2.75. For the next year, analysts forecast that the company will report earnings of $2.89 per share, with EPS estimates ranging from $2.60 to $3.18. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that follow Newell Brands.

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Newell Brands (NYSE:NWL) last issued its quarterly earnings data on Friday, February 16th. The company reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.01. The company had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.69 billion. Newell Brands had a return on equity of 10.47% and a net margin of 18.65%. The firm’s quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 earnings per share.



NWL has been the topic of a number of recent research reports. Royal Bank of Canada restated a “sector perform” rating and set a $27.00 price objective on shares of Newell Brands in a research note on Tuesday, February 20th. SunTrust Banks cut Newell Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, March 27th. Zacks Investment Research upgraded Newell Brands from a “sell” rating to a “hold” rating and set a $36.00 price objective on the stock in a research note on Monday, January 8th. Jefferies Group reaffirmed a “hold” rating and set a $32.00 target price on shares of Newell Brands in a research report on Thursday, January 25th. Finally, Morgan Stanley lowered Newell Brands from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $38.00 to $25.00 in a research report on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $33.06.

Shares of NWL traded down $0.24 during midday trading on Tuesday, reaching $26.44. 2,757,793 shares of the company were exchanged, compared to its average volume of 5,835,516. The stock has a market cap of $12,828.69, a PE ratio of 9.61, a P/E/G ratio of 1.67 and a beta of 0.81. 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.

A number of institutional investors have recently made changes to their positions in the stock. Gateway Investment Advisers LLC increased its holdings in Newell Brands by 0.4% in the fourth quarter. Gateway Investment Advisers LLC now owns 392,838 shares of the company’s stock valued at $12,139,000 after buying an additional 1,582 shares during the last quarter. Condor Capital Management increased its holdings in Newell Brands by 8.9% in the fourth quarter. Condor Capital Management now owns 23,380 shares of the company’s stock valued at $722,000 after buying an additional 1,904 shares during the last quarter. Buckingham Capital Management Inc. increased its holdings in Newell Brands by 7.5% in the third quarter. Buckingham Capital Management Inc. now owns 30,015 shares of the company’s stock valued at $1,281,000 after buying an additional 2,085 shares during the last quarter. New Mexico Educational Retirement Board increased its holdings in Newell Brands by 4.9% in the fourth quarter. New Mexico Educational Retirement Board now owns 47,090 shares of the company’s stock valued at $1,455,000 after buying an additional 2,200 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in Newell Brands by 14.5% in the third quarter. Janney Montgomery Scott LLC now owns 20,319 shares of the company’s stock valued at $867,000 after buying an additional 2,566 shares during the last quarter. 92.82% of the stock is owned by hedge funds and other institutional investors.

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About Newell Brands

Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company's Live segment offers household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products, fresh preserving products, and home fragrance products; and baby gear, infant care, and health products primarily under Aprica, Baby Jogger, Ball, Calphalon, Chesapeake Bay Candle, Crock-Pot, FoodSaver, Graco, Mr.

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Earnings History and Estimates for Newell Brands (NYSE:NWL)

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