Wall Street analysts predict that Newell Brands Inc (NYSE:NWL) will post $2.34 billion in sales for the current quarter, Zacks reports. Seven analysts have issued estimates for Newell Brands’ earnings. The lowest sales estimate is $2.31 billion and the highest is $2.36 billion. Newell Brands posted sales of $3.68 billion during the same quarter last year, which suggests a negative year over year growth rate of 36.4%. The company is scheduled to announce its next quarterly earnings results on Thursday, November 1st.

On average, analysts expect that Newell Brands will report full year sales of $8.82 billion for the current year, with estimates ranging from $8.76 billion to $8.88 billion. For the next financial year, analysts expect that the business will post sales of $9.01 billion, with estimates ranging from $8.92 billion to $9.09 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Newell Brands.

Newell Brands (NYSE:NWL) last announced its quarterly earnings data on Monday, August 6th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.04. Newell Brands had a return on equity of 9.58% and a net margin of 16.39%. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $3.83 billion. During the same period last year, the company earned $0.87 earnings per share. Newell Brands’s quarterly revenue was down 12.8% compared to the same quarter last year.

NWL has been the topic of several recent research reports. Citigroup cut their target price on Newell Brands from $29.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, August 24th. Deutsche Bank cut their target price on Newell Brands to $23.00 and set a “hold” rating on the stock in a report on Tuesday, August 7th. Zacks Investment Research lowered Newell Brands from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. Barclays restated a “hold” rating and set a $24.00 target price on shares of Newell Brands in a report on Sunday, October 7th. Finally, Bank of America cut their target price on Newell Brands from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Tuesday, August 7th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $28.82.

Shares of NYSE:NWL traded down $0.15 during midday trading on Monday, hitting $17.52. 6,948,328 shares of the stock were exchanged, compared to its average volume of 8,289,836. The company has a current ratio of 3.17, a quick ratio of 2.74 and a debt-to-equity ratio of 0.66. Newell Brands has a 52-week low of $17.28 and a 52-week high of $43.13. The firm has a market cap of $9.59 billion, a price-to-earnings ratio of 6.37, a P/E/G ratio of 4.72 and a beta of 0.60.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Friday, August 31st were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 5.25%. The ex-dividend date was Thursday, August 30th. Newell Brands’s dividend payout ratio is currently 33.45%.

In other Newell Brands news, Director James Craigie purchased 11,500 shares of the stock in a transaction dated Wednesday, August 8th. The shares were bought at an average cost of $21.33 per share, with a total value of $245,295.00. Following the completion of the transaction, the director now owns 14,081 shares in the company, valued at approximately $300,347.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael B. Polk purchased 10,000 shares of the stock in a transaction dated Monday, August 13th. The stock was acquired at an average cost of $20.63 per share, for a total transaction of $206,300.00. Following the completion of the transaction, the chief executive officer now owns 941,951 shares of the company’s stock, valued at approximately $19,432,449.13. The disclosure for this purchase can be found here. Company insiders own 0.97% of the company’s stock.

Large investors have recently modified their holdings of the company. Northwest Wealth Management LLC grew its position in shares of Newell Brands by 5,180.7% in the second quarter. Northwest Wealth Management LLC now owns 4,383 shares of the company’s stock valued at $113,000 after purchasing an additional 4,300 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of Newell Brands in the second quarter valued at about $146,000. Qube Research & Technologies Ltd acquired a new stake in shares of Newell Brands in the second quarter valued at about $149,000. BlueMountain Capital Management LLC acquired a new stake in shares of Newell Brands in the second quarter valued at about $151,000. Finally, WINTON GROUP Ltd acquired a new stake in shares of Newell Brands in the first quarter valued at about $211,000. 97.80% of the stock is currently owned by institutional investors.

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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