News headlines about Newell Brands (NYSE:NWL) have trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Newell Brands earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.1994370091936 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern’s analysis:
- $0.75 Earnings Per Share Expected for Newell Brands Inc (NWL) This Quarter (americanbankingnews.com)
- Here’s What Short-Term Traders Should Know: Newell Brands Inc (NYSE: NWL) – Alpha Beta Stock (alphabetastock.com)
- Newell Brands Inc. (NWL) To know about Institutional Hold – Wallstreet Investorplace (wallstreetinvestorplace.com)
- TechFlash: Cardlytics files for $75 million initial public offering; Luma acquired (bizjournals.com)
- Newell Brands Inc. (NWL) Short Interest Down 25.1% in December (americanbankingnews.com)
Several research firms recently weighed in on NWL. Zacks Investment Research raised shares of Newell Brands from a “sell” rating to a “hold” rating and set a $36.00 target price for the company in a research note on Monday, January 8th. BMO Capital Markets decreased their target price on shares of Newell Brands from $45.00 to $32.00 and set a “market perform” rating for the company in a research note on Tuesday, November 7th. Oppenheimer reissued a “hold” rating and issued a $42.00 target price on shares of Newell Brands in a research note on Tuesday, October 31st. KeyCorp set a $60.00 target price on shares of Newell Brands and gave the company a “buy” rating in a research note on Monday, October 16th. Finally, Forward View reissued a “buy” rating and issued a $35.00 target price on shares of Newell Brands in a research note on Sunday, November 5th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $45.20.
Newell Brands (NYSE:NWL) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.86 EPS for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.06). Newell Brands had a return on equity of 11.52% and a net margin of 8.34%. The company had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same period last year, the firm earned $0.78 earnings per share. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. research analysts expect that Newell Brands will post 2.81 EPS for the current fiscal year.
Newell Brands declared that its board has approved a share buyback program on Tuesday, September 26th that authorizes the company to buyback $256.00 million in shares. This buyback authorization authorizes the company to purchase up to 1.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.
In related news, CEO Michael B. Polk acquired 7,000 shares of Newell Brands stock in a transaction on Monday, November 20th. The stock was purchased at an average cost of $28.22 per share, with a total value of $197,540.00. Following the completion of the transaction, the chief executive officer now directly owns 616,296 shares in the company, valued at approximately $17,391,873.12. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.97% 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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