Equities research analysts expect that Newell Brands Inc (NYSE:NWL) will announce sales of $2.12 billion for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Newell Brands’ earnings, with the lowest sales estimate coming in at $2.08 billion and the highest estimate coming in at $2.15 billion. Newell Brands reported sales of $2.20 billion during the same quarter last year, which would suggest a negative year over year growth rate of 3.6%. The business is expected to report its next quarterly earnings report on Monday, August 5th.
According to Zacks, analysts expect that Newell Brands will report full year sales of $8.38 billion for the current financial year, with estimates ranging from $8.30 billion to $8.52 billion. For the next financial year, analysts forecast that the business will report sales of $8.48 billion, with estimates ranging from $8.28 billion to $8.62 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Newell Brands.
Newell Brands (NYSE:NWL) last posted its earnings results on Friday, May 3rd. The company reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.08. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.55%. The company had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the prior year, the company posted $0.34 earnings per share. Newell Brands’s revenue for the quarter was down 5.5% compared to the same quarter last year.
Newell Brands stock traded up $0.53 during mid-day trading on Wednesday, reaching $15.38. 4,137,420 shares of the company traded hands, compared to its average volume of 6,262,243. The company has a quick ratio of 2.53, a current ratio of 2.98 and a debt-to-equity ratio of 1.54. Newell Brands has a fifty-two week low of $13.04 and a fifty-two week high of $28.00. The firm has a market capitalization of $6.26 billion, a P/E ratio of 5.59, a price-to-earnings-growth ratio of 3.82 and a beta of 0.90. The company has a fifty day moving average price of $14.85.
The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $0.92 dividend on an annualized basis and a yield of 5.98%. Newell Brands’s payout ratio is 33.45%.
Several large investors have recently added to or reduced their stakes in the company. Amundi Pioneer Asset Management Inc. increased its stake in shares of Newell Brands by 18.5% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 292,619 shares of the company’s stock worth $4,488,000 after acquiring an additional 45,706 shares during the period. Redwood Investment Management LLC grew its position in Newell Brands by 107.2% during the first quarter. Redwood Investment Management LLC now owns 81,559 shares of the company’s stock valued at $1,251,000 after buying an additional 42,204 shares during the period. Nordea Investment Management AB grew its position in Newell Brands by 3.0% during the first quarter. Nordea Investment Management AB now owns 79,953 shares of the company’s stock valued at $1,227,000 after buying an additional 2,318 shares during the period. Advisory Services Network LLC grew its position in Newell Brands by 53.0% during the first quarter. Advisory Services Network LLC now owns 53,635 shares of the company’s stock valued at $823,000 after buying an additional 18,569 shares during the period. Finally, Marshall Wace LLP grew its position in Newell Brands by 7,163.2% during the first quarter. Marshall Wace LLP now owns 1,264,094 shares of the company’s stock valued at $19,390,000 after buying an additional 1,246,690 shares during the period. Hedge funds and other institutional investors own 98.42% of the company’s stock.
About Newell Brands
Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company's Live segment offers household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products, fresh preserving products, and home fragrance products; and baby gear, infant care, and health products primarily under Aprica, Baby Jogger, Ball, Calphalon, Chesapeake Bay Candle, Crock-Pot, FoodSaver, Graco, Mr.
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