Newell Brands Inc. (NWL) to Release Quarterly Earnings on Thursday
Newell Brands Inc. (NYSE:NWL) is scheduled to announce its earnings results before the market opens on Thursday, November 2nd. Analysts expect the company to announce earnings of $0.98 per share for the quarter. Newell Brands has set its FY17 guidance at $3.00-3.20 EPS.
Newell Brands (NYSE:NWL) last announced its quarterly earnings results on Friday, August 4th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.01. Newell Brands had a net margin of 7.87% and a return on equity of 11.47%. 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 company posted $0.78 EPS. The company’s revenue was up 5.1% on a year-over-year basis. On average, analysts expect Newell Brands to post $3.00 EPS for the current fiscal year and $3.34 EPS for the next fiscal year.
Newell Brands Inc. (NWL) opened at 40.78 on Wednesday. The firm has a market capitalization of $19.99 billion, a PE ratio of 16.29 and a beta of 1.15. Newell Brands Inc. has a 12 month low of $39.58 and a 12 month high of $55.08. The firm has a 50-day moving average of $42.10 and a 200 day moving average of $48.77.
Newell Brands declared that its board has approved a stock repurchase program on Tuesday, September 26th that allows the company to buyback $256.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 1.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
TRADEMARK VIOLATION WARNING: “Newell Brands Inc. (NWL) to Release Quarterly Earnings on Thursday” was first published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this story on another website, it was illegally stolen and reposted in violation of US and international copyright legislation. The correct version of this story can be accessed at https://theolympiareport.com/2017/11/01/newell-brands-inc-nwl-to-release-quarterly-earnings-on-thursday.html.
NWL has been the topic of several research reports. Jefferies Group LLC downgraded shares of Newell Brands from a “buy” rating to a “hold” rating and decreased their price target for the stock from $63.00 to $49.00 in a research note on Monday, September 11th. Royal Bank Of Canada reissued a “top pick” rating and set a $60.00 price target on shares of Newell Brands in a research note on Tuesday, August 29th. Zacks Investment Research downgraded shares of Newell Brands from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. J P Morgan Chase & Co decreased their price target on shares of Newell Brands from $58.00 to $56.00 and set an “overweight” rating on the stock in a research note on Thursday, September 21st. Finally, BMO Capital Markets reissued a “market perform” rating and set a $45.00 price target (down from $51.00) on shares of Newell Brands in a research note on Thursday, September 21st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. Newell Brands has a consensus rating of “Buy” and an average price target of $55.77.
In related news, CEO Michael B. Polk purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The shares were acquired at an average price of $43.61 per share, for a total transaction of $218,050.00. Following the completion of the acquisition, the chief executive officer now directly owns 609,296 shares in the company, valued at approximately $26,571,398.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Scott S. Cowen purchased 2,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was bought at an average price of $43.60 per share, for a total transaction of $87,200.00. Following the acquisition, the director now owns 87,883 shares of the company’s stock, valued at $3,831,698.80. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 7,100 shares of company stock worth $309,715. 0.97% of the stock is owned by insiders.
Newell Brands Company Profile
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.
Receive News & Ratings for Newell Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newell Brands Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.