Brokerages expect Newell Brands Inc. (NYSE:NWL) to report $3.78 billion in sales for the current quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Newell Brands’ earnings, with the lowest sales estimate coming in at $3.74 billion and the highest estimate coming in at $3.89 billion. Newell Brands reported sales of $4.14 billion in the same quarter last year, which indicates a negative year over year growth rate of 8.7%. The business is expected to report its next earnings report on Monday, February 5th.

On average, analysts expect that Newell Brands will report full-year sales of $3.78 billion for the current year, with estimates ranging from $14.74 billion to $14.89 billion. For the next fiscal year, analysts forecast that the firm will report sales of $14.66 billion per share, with estimates ranging from $14.41 billion to $15.00 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Newell Brands.

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

Several research firms have issued reports on NWL. Jefferies Group lowered Newell Brands from a “buy” rating to a “hold” rating and cut their target price for the company from $63.00 to $49.00 in a research note on Monday, September 11th. Forward View reiterated a “buy” rating and issued a $58.00 target price on shares of Newell Brands in a research note on Monday, September 11th. Zacks Investment Research lowered Newell Brands from a “hold” rating to a “sell” rating in a research note on Tuesday, September 19th. KeyCorp set a $60.00 target price on Newell Brands and gave the company a “buy” rating in a research note on Monday, October 16th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $45.00 target price (down previously from $51.00) on shares of Newell Brands in a research note on Thursday, September 21st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $46.73.

Newell Brands (NYSE NWL) opened at $31.98 on Friday. Newell Brands has a 52 week low of $27.45 and a 52 week high of $55.08. 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 stock has a market capitalization of $15,673.40, a PE ratio of 11.14, a price-to-earnings-growth ratio of 1.22 and a beta of 1.10.

Newell Brands announced that its Board of Directors has authorized a share buyback program on Tuesday, September 26th that allows the company to buyback $256.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 1.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.88%. Newell Brands’s payout ratio is 35.52%.

In other Newell Brands news, CEO Michael B. Polk purchased 7,000 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were acquired at an average price of $28.22 per share, for a total transaction of $197,540.00. Following the completion of the purchase, the chief executive officer now owns 616,296 shares of the company’s stock, valued at $17,391,873.12. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.97% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the company. Parkside Investments LLC purchased a new stake in shares of Newell Brands during the third quarter worth about $107,000. Harfst & Associates Inc. boosted its position in Newell Brands by 14.4% in the second quarter. Harfst & Associates Inc. now owns 2,502 shares of the company’s stock valued at $134,000 after buying an additional 315 shares during the last quarter. BB&T Investment Services Inc. purchased a new stake in Newell Brands in the second quarter valued at approximately $143,000. Northwestern Mutual Wealth Management Co. boosted its position in Newell Brands by 52.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,164 shares of the company’s stock valued at $169,000 after buying an additional 1,088 shares during the last quarter. Finally, Sun Life Financial INC boosted its position in Newell Brands by 29,358.3% in the second quarter. Sun Life Financial INC now owns 3,535 shares of the company’s stock valued at $190,000 after buying an additional 3,523 shares during the last quarter. Institutional investors and hedge funds own 94.30% 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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