FY2017 EPS Estimates for Newell Rubbermaid Inc. (NWL) Raised by Analyst
Newell Rubbermaid Inc. (NYSE:NWL) – Research analysts at Gabelli increased their FY2017 EPS estimates for Newell Rubbermaid in a research note issued to investors on Wednesday. Gabelli analyst Z. Bodini now forecasts that the brokerage will earn $3.15 per share for the year, up from their previous estimate of $3.05. Gabelli also issued estimates for Newell Rubbermaid’s FY2018 earnings at $3.70 EPS.
Newell Rubbermaid (NYSE:NWL) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. Newell Rubbermaid had a return on equity of 18.55% and a net margin of 3.91%. The firm had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period in the prior year, the firm posted $0.64 EPS. The company’s revenue for the quarter was up 147.2% on a year-over-year basis.
Other research analysts have also recently issued research reports about the company. Citigroup Inc. reaffirmed a “buy” rating and set a $61.00 target price on shares of Newell Rubbermaid in a research report on Tuesday, August 2nd. RBC Capital Markets reiterated a “buy” rating on shares of Newell Rubbermaid in a report on Monday, August 1st. Deutsche Bank AG lifted their price target on Newell Rubbermaid from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, August 1st. Zacks Investment Research upgraded Newell Rubbermaid from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a report on Monday, August 1st. Finally, B. Riley reiterated a “buy” rating and set a $60.00 price target on shares of Newell Rubbermaid in a report on Monday, August 1st. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $57.50.
Newell Rubbermaid (NYSE:NWL) traded down 0.57% during mid-day trading on Thursday, hitting $52.02. The stock had a trading volume of 304,835 shares. The company’s 50 day moving average is $52.47 and its 200-day moving average is $49.00. Newell Rubbermaid has a 52 week low of $33.26 and a 52 week high of $55.45. The stock has a market capitalization of $25.08 billion, a P/E ratio of 50.46 and a beta of 1.18.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend was Monday, August 29th. Newell Rubbermaid’s payout ratio is presently 76.00%.
Institutional investors have recently modified their holdings of the company. Quadrant Capital Group LLC increased its position in shares of Newell Rubbermaid by 66.6% in the second quarter. Quadrant Capital Group LLC now owns 2,467 shares of the company’s stock worth $116,000 after buying an additional 986 shares during the last quarter. Seven Bridges Advisors LLC acquired a new position in shares of Newell Rubbermaid during the second quarter worth about $137,000. Parkside Financial Bank & Trust increased its position in shares of Newell Rubbermaid by 13.2% in the second quarter. Parkside Financial Bank & Trust now owns 2,837 shares of the company’s stock worth $138,000 after buying an additional 330 shares during the last quarter. FineMark National Bank & Trust acquired a new position in shares of Newell Rubbermaid during the second quarter worth about $146,000. Finally, NN Investment Partners Holdings N.V. increased its position in shares of Newell Rubbermaid by 56.5% in the second quarter. NN Investment Partners Holdings N.V. now owns 3,101 shares of the company’s stock worth $151,000 after buying an additional 1,120 shares during the last quarter. 93.12% of the stock is currently owned by institutional investors and hedge funds.
Newell Rubbermaid Company Profile
Newell Brands Inc, formerly Newell Rubbermaid Inc, is a global consumer goods company. The Company’s brands consists of Paper Mate, Sharpie, Dymo, EXPO, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Irwin, Lenox, Oster, Sunbeam, FoodSaver, Mr. Coffee, Rubbermaid Commercial Products, Graco, Baby Jogger, NUK, Calphalon, Rubbermaid, Contigo, First Alert, Waddington and Yankee Candle.
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