Newell Brands Inc (NWL) Expected to Announce Quarterly Sales of $3.06 Billion

Equities research analysts expect that Newell Brands Inc (NYSE:NWL) will announce $3.06 billion in sales for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for Newell Brands’ earnings, with the highest sales estimate coming in at $3.14 billion and the lowest estimate coming in at $3.00 billion. Newell Brands posted sales of $3.27 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 6.4%. The company is scheduled to issue its next earnings results on Monday, May 14th.

On average, analysts expect that Newell Brands will report full-year sales of $3.06 billion for the current year, with estimates ranging from $14.50 billion to $14.68 billion. For the next year, analysts anticipate that the business will post sales of $14.78 billion per share, with estimates ranging from $14.42 billion to $15.11 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Newell Brands.

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

A number of equities research analysts have recently issued reports on NWL shares. KeyCorp reiterated a “buy” rating and set a $32.00 price target (down from $40.00) on shares of Newell Brands in a research report on Monday, January 29th. Barclays reiterated a “buy” rating and set a $35.00 price target on shares of Newell Brands in a research report on Wednesday, December 6th. SunTrust Banks reiterated a “buy” rating and set a $35.00 price target on shares of Newell Brands in a research report on Tuesday, January 30th. Vetr upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research report on Tuesday, February 20th. Finally, Citigroup reiterated a “buy” rating on shares of Newell Brands in a research report on Monday, March 5th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $34.61.

Hedge funds have recently modified their holdings of the business. Gateway Investment Advisers LLC raised its stake in shares of Newell Brands by 0.4% in the 4th quarter. Gateway Investment Advisers LLC now owns 392,838 shares of the company’s stock valued at $12,139,000 after purchasing an additional 1,582 shares in the last quarter. Condor Capital Management grew its position in shares of Newell Brands by 8.9% during the 4th 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. CIBC Asset Management Inc grew its position in shares of Newell Brands by 4.0% during the 3rd quarter. CIBC Asset Management Inc now owns 49,942 shares of the company’s stock valued at $2,131,000 after buying an additional 1,908 shares during the last quarter. Buckingham Capital Management Inc. grew its position in shares of Newell Brands by 7.5% during the 3rd 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. Finally, New Mexico Educational Retirement Board grew its position in shares of Newell Brands by 4.9% during the 4th 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. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Shares of Newell Brands stock traded down $2.04 during trading hours on Friday, reaching $26.62. 11,650,607 shares of the company were exchanged, compared to its average volume of 11,126,132. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.83 and a current ratio of 1.41. The firm has a market capitalization of $13,905.83, a P/E ratio of 4.75, a P/E/G ratio of 1.34 and a beta of 0.88. Newell Brands has a 1 year low of $23.85 and a 1 year high of $55.08.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th were issued a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.92 dividend on an annualized basis and a yield of 3.46%. Newell Brands’s dividend payout ratio is currently 16.34%.

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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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