Equities analysts forecast that Newell Brands Inc. (NYSE:NWL) will report earnings of $0.75 per share for the current fiscal quarter, Zacks reports. Nine analysts have issued estimates for Newell Brands’ earnings, with the lowest EPS estimate coming in at $0.73 and the highest estimate coming in at $0.78. Newell Brands posted earnings per share of $0.80 during the same quarter last year, which would suggest a negative year-over-year growth rate of 6.3%. The company is expected to issue its next earnings results on Monday, February 5th.

On average, analysts expect that Newell Brands will report full year earnings of $2.82 per share for the current fiscal year, with EPS estimates ranging from $2.80 to $2.84. For the next year, analysts anticipate that the business will report earnings of $2.96 per share, with EPS estimates ranging from $2.85 to $3.11. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Newell Brands.

Newell Brands (NYSE:NWL) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.86 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.06). The business had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.71 billion. Newell Brands had a net margin of 8.34% and a return on equity of 11.52%. The business’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.78 EPS.

A number of analysts have issued reports on NWL shares. Royal Bank of Canada reissued a “top pick” rating and issued a $60.00 price objective on shares of Newell Brands in a report on Tuesday, August 29th. Oppenheimer reissued a “hold” rating and issued a $50.00 price objective on shares of Newell Brands in a report on Wednesday, September 6th. Jefferies Group cut their price target on shares of Newell Brands from $65.00 to $63.00 and set a “buy” rating for the company in a report on Thursday, September 7th. They noted that the move was a valuation call. Forward View reaffirmed a “buy” rating and set a $58.00 price target on shares of Newell Brands in a report on Monday, September 11th. Finally, Zacks Investment Research downgraded shares of Newell Brands from a “hold” rating to a “sell” rating in a report on Tuesday, September 19th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $46.73.

Newell Brands (NWL) traded down $0.08 during midday trading on Wednesday, reaching $30.67. 3,077,072 shares of the company’s stock were exchanged, compared to its average volume of 7,126,567. The company has a quick ratio of 0.86, a current ratio of 1.46 and a debt-to-equity ratio of 0.80. The company has a market cap of $15,070.58, a P/E ratio of 11.84, a P/E/G ratio of 1.24 and a beta of 1.10. Newell Brands has a 52-week low of $27.45 and a 52-week high of $55.08.

Newell Brands announced that its Board of Directors has authorized a share buyback program on Tuesday, September 26th that permits the company to buyback $256.00 million in shares. This buyback authorization permits the company to reacquire up to 1.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date was Wednesday, November 29th. Newell Brands’s dividend payout ratio (DPR) is presently 35.52%.

In related news, CEO Michael B. Polk acquired 7,000 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was acquired at an average cost of $28.22 per share, for a total transaction of $197,540.00. Following the transaction, the chief executive officer now directly owns 616,296 shares in the company, valued at $17,391,873.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.97% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. BDO Wealth Advisors LLC acquired a new position in Newell Brands during the 2nd quarter worth approximately $107,000. Parkside Investments LLC acquired a new position in Newell Brands during the 3rd quarter worth approximately $107,000. Harfst & Associates Inc. increased its position in Newell Brands by 14.4% during the 2nd quarter. Harfst & Associates Inc. now owns 2,502 shares of the company’s stock worth $134,000 after purchasing an additional 315 shares in the last quarter. BB&T Investment Services Inc. acquired a new position in Newell Brands during the 2nd quarter worth approximately $143,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in Newell Brands by 52.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,164 shares of the company’s stock worth $169,000 after purchasing an additional 1,088 shares in the last quarter. Institutional investors and hedge funds own 94.31% of the company’s stock.

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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.

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

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