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.

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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.

Earnings History for Newell Brands (NYSE:NWL)

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