Newell Brands (NWL) Set to Announce Quarterly Earnings on Friday

Newell Brands (NASDAQ:NWL) will be announcing its earnings results before the market opens on Friday, April 26th. Analysts expect Newell Brands to post earnings of ($0.07) per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Newell Brands (NASDAQ:NWL) last issued its earnings results on Friday, February 9th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.05. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $1.98 billion. Newell Brands had a positive return on equity of 10.24% and a negative net margin of 4.77%. The business’s revenue was down 8.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.16 EPS. On average, analysts expect Newell Brands to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Newell Brands Stock Down 1.3 %

Shares of Newell Brands stock opened at $7.04 on Thursday. The stock has a 50-day simple moving average of $7.51 and a 200-day simple moving average of $7.73. Newell Brands has a 52-week low of $6.49 and a 52-week high of $12.31. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of -7.41, a P/E/G ratio of 1.37 and a beta of 0.95. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.16 and a quick ratio of 0.63.

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.28 annualized dividend and a dividend yield of 3.98%. Newell Brands’s dividend payout ratio (DPR) is presently -29.47%.

Analyst Ratings Changes

NWL has been the subject of a number of research reports. Citigroup reduced their price target on shares of Newell Brands from $9.00 to $7.50 and set a “neutral” rating for the company in a report on Monday, February 12th. Raymond James cut Newell Brands from an “outperform” rating to a “market perform” rating in a report on Monday, February 12th. Royal Bank of Canada lowered their price objective on Newell Brands from $9.00 to $7.50 and set a “sector perform” rating on the stock in a research report on Monday, February 12th. UBS Group cut Newell Brands from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $10.00 to $8.50 in a research report on Friday, February 16th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Newell Brands from $7.00 to $9.00 and gave the company a “neutral” rating in a report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Newell Brands currently has an average rating of “Hold” and a consensus price target of $9.13.

Newell Brands Company Profile

Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.