Newell Brands Inc. Expected to Post FY2020 Earnings of $4.50 Per Share (NWL)
Newell Brands Inc. (NYSE:NWL) – Research analysts at Gabelli cut their FY2020 EPS estimates for Newell Brands in a research note issued on Monday. Gabelli analyst Z. Bodini now anticipates that the company will post earnings of $4.50 per share for the year, down from their previous forecast of $4.60. Gabelli also issued estimates for Newell Brands’ FY2021 earnings at $5.05 EPS.
Newell Brands (NYSE:NWL) last posted its quarterly earnings results on Friday, August 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. Newell Brands had a net margin of 7.87% and a return on equity of 11.47%. The company had revenue of $4.06 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same period last year, the firm posted $0.78 EPS. Newell Brands’s revenue for the quarter was up 5.1% compared to the same quarter last year. ILLEGAL ACTIVITY WARNING: “Newell Brands Inc. Expected to Post FY2020 Earnings of $4.50 Per Share (NWL)” was first published by Daily Political and is the property of of Daily Political. If you are accessing this story on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this story can be read at https://www.dailypolitical.com/2017/09/14/newell-brands-inc-expected-to-post-fy2020-earnings-of-4-50-per-share-nwl.html.
NWL has been the subject of a number of other reports. BMO Capital Markets set a $51.00 price target on Newell Brands and gave the company a “hold” rating in a report on Saturday, August 5th. J P Morgan Chase & Co set a $61.00 price target on Newell Brands and gave the company a “buy” rating in a report on Monday, August 7th. Forward View reaffirmed a “buy” rating and issued a $58.00 price target on shares of Newell Brands in a report on Monday. Zacks Investment Research raised Newell Brands from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a report on Tuesday, August 1st. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $60.00 price target on shares of Newell Brands in a report on Thursday, June 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $57.36.
Newell Brands (NYSE NWL) traded down 1.72% during trading on Wednesday, reaching $43.46. 3,352,102 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $49.44 and a 200-day moving average of $50.26. Newell Brands has a 52 week low of $42.88 and a 52 week high of $55.08. The stock has a market capitalization of $21.30 billion, a PE ratio of 17.36 and a beta of 1.19.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Tuesday, August 29th. Newell Brands’s dividend payout ratio is presently 36.95%.
In related news, Director Scott S. Cowen purchased 2,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was purchased at an average cost of $43.60 per share, with a total value of $87,200.00. Following the completion of the acquisition, the director now directly owns 87,883 shares in the company, valued at $3,831,698.80. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael B. Polk purchased 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were bought at an average cost of $43.61 per share, with a total value of $218,050.00. Following the completion of the acquisition, the chief executive officer now owns 609,296 shares of the company’s stock, valued at $26,571,398.56. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 7,046 shares of company stock valued at $307,669. Corporate insiders own 0.97% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of NWL. BlackRock Inc. lifted its holdings in shares of Newell Brands by 3,249.0% during the first quarter. BlackRock Inc. now owns 29,974,712 shares of the company’s stock worth $1,413,905,000 after purchasing an additional 29,079,686 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Newell Brands by 112.5% during the second quarter. Bank of New York Mellon Corp now owns 13,850,876 shares of the company’s stock worth $742,686,000 after purchasing an additional 7,331,309 shares during the period. Jennison Associates LLC acquired a new stake in shares of Newell Brands during the second quarter worth $124,839,000. Ameriprise Financial Inc. lifted its holdings in shares of Newell Brands by 28.1% during the second quarter. Ameriprise Financial Inc. now owns 7,796,439 shares of the company’s stock worth $417,953,000 after purchasing an additional 1,709,917 shares during the period. Finally, Sentry Investments Corp. lifted its holdings in shares of Newell Brands by 75.7% during the first quarter. Sentry Investments Corp. now owns 3,712,271 shares of the company’s stock worth $175,108,000 after purchasing an additional 1,599,100 shares during the period. 92.43% of the stock is owned by hedge funds and other institutional investors.
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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