Newell Brands Inc. (NYSE:NWL) – Equities research analysts at Forward View lifted their Q1 2018 EPS estimates for shares of Newell Brands in a report issued on Monday. Forward View analyst N. Yates now expects that the company will post earnings per share of $0.24 for the quarter, up from their prior forecast of $0.19. Forward View also issued estimates for Newell Brands’ Q2 2018 earnings at $0.96 EPS.
Newell Brands (NYSE:NWL) last issued its quarterly earnings results on Friday, August 4th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. The business had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Newell Brands had a return on equity of 11.47% and a net margin of 7.87%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.78 earnings per share.
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Other equities analysts have also recently issued research reports about the company. BidaskClub raised Newell Brands from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Zacks Investment Research raised Newell Brands from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Saturday, July 1st. UBS AG set a $60.00 price objective on Newell Brands and gave the company a “buy” rating in a report on Tuesday, May 9th. Jefferies Group LLC boosted their price objective on Newell Brands from $61.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, May 9th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $60.00 price target on shares of Newell Brands in a research note on Thursday, June 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $58.07.
Shares of Newell Brands (NWL) traded down 0.22% during mid-day trading on Wednesday, reaching $50.65. The company’s stock had a trading volume of 987,083 shares. Newell Brands has a 12-month low of $43.43 and a 12-month high of $55.45. The firm’s 50-day moving average price is $53.09 and its 200 day moving average price is $49.90. The firm has a market cap of $24.47 billion, a P/E ratio of 21.50 and a beta of 1.17.
Large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Newell Brands by 3.5% in the first quarter. Vanguard Group Inc. now owns 46,571,725 shares of the company’s stock valued at $2,196,788,000 after buying an additional 1,584,954 shares during the period. BlackRock Inc. raised its stake in Newell Brands by 3,249.0% in the first quarter. BlackRock Inc. now owns 29,974,712 shares of the company’s stock valued at $1,413,905,000 after buying an additional 29,079,686 shares during the period. Bank of New York Mellon Corp raised its stake in Newell Brands by 112.5% in the second quarter. Bank of New York Mellon Corp now owns 13,850,876 shares of the company’s stock valued at $742,686,000 after buying an additional 7,331,309 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Newell Brands by 6.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 9,876,886 shares of the company’s stock valued at $465,892,000 after buying an additional 563,331 shares during the period. Finally, Neuberger Berman Group LLC raised its stake in Newell Brands by 3.6% in the first quarter. Neuberger Berman Group LLC now owns 7,205,042 shares of the company’s stock valued at $339,862,000 after buying an additional 249,524 shares during the period. Institutional investors own 94.42% of the company’s stock.
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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