Newell Brands (NYSE:NWL) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS
Newell Brands (NYSE:NWL) issued its earnings results on Friday, February 16th. The company reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.01, Bloomberg Earnings reports. Newell Brands had a net margin of 18.65% and a return on equity of 10.47%. The firm had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the prior year, the business earned $0.80 earnings per share. Newell Brands’s revenue for the quarter was down 9.5% on a year-over-year basis. Newell Brands updated its FY18 guidance to $2.65-2.85 EPS.
Shares of Newell Brands (NYSE:NWL) opened at $28.99 on Tuesday. Newell Brands has a 1-year low of $23.85 and a 1-year high of $55.08. The firm has a market cap of $13,255.66, a PE ratio of 9.93, a PEG ratio of 1.41 and a beta of 0.88. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 0.83.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend is Tuesday, February 27th. Newell Brands’s dividend payout ratio is currently 16.34%.
Several equities analysts have commented on NWL shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $27.00 price objective on shares of Newell Brands in a research report on Tuesday, February 20th. Zacks Investment Research upgraded shares of Newell Brands from a “sell” rating to a “hold” rating and set a $36.00 price objective for the company in a research report on Monday, January 8th. Jefferies Group reiterated a “hold” rating and set a $32.00 price objective on shares of Newell Brands in a research report on Thursday, January 25th. Barclays restated a “buy” rating and issued a $35.00 target price on shares of Newell Brands in a report on Wednesday, December 6th. Finally, TheStreet lowered shares of Newell Brands from a “b-” rating to a “c+” rating in a report on Tuesday, November 14th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $34.50.
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About Newell Brands
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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