Headlines about Newell Brands (NYSE:NWL) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Newell Brands earned a news impact score of 0.22 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.1770105628913 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern’s analysis:
- Router startup Luma acquired by Newell reportedly for $10 million-plus (bizjournals.com)
- Recent Insiders Bustle: Newell Brands Inc. (NWL), Graphic Packaging Holding Company (GPK) – Market Movers (financialqz.com)
- Newell Brands Inc. (NWL) And Insider Trading Activity – Newburgh Gazette (newburghgazette.com)
- 5 More Beaten-Down Turnaround Candidates for 2018 (247wallst.com)
- Newell Brands (NWL) in Investors’ Good Books: Here’s Why (zacks.com)
Several research analysts recently commented on NWL shares. Zacks Investment Research downgraded shares of Newell Brands from a “hold” rating to a “sell” rating in a report on Tuesday, September 19th. JPMorgan Chase & Co. dropped their target price on shares of Newell Brands from $58.00 to $56.00 and set an “overweight” rating on the stock in a report on Thursday, September 21st. BMO Capital Markets reiterated a “market perform” rating and issued a $45.00 target price (down previously from $51.00) on shares of Newell Brands in a report on Thursday, September 21st. KeyCorp set a $60.00 price objective on shares of Newell Brands and gave the stock a “buy” rating in a report on Monday, October 16th. Finally, Jefferies Group restated a “hold” rating and set a $47.00 price objective on shares of Newell Brands in a report on Thursday, October 19th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $45.20.
Shares of Newell Brands (NYSE NWL) traded up $0.35 during trading on Friday, hitting $32.26. 3,464,400 shares of the stock traded hands, compared to its average volume of 5,410,000. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.86 and a current ratio of 1.46. Newell Brands has a 1-year low of $27.45 and a 1-year high of $55.08. The firm has a market cap of $15,810.00, a price-to-earnings ratio of 12.46, a P/E/G ratio of 1.22 and a beta of 1.10.
Newell Brands (NYSE:NWL) last issued its earnings results on Thursday, November 2nd. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.06). Newell Brands had a net margin of 8.34% and a return on equity of 11.52%. The business had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same quarter last year, the firm posted $0.78 earnings per share. Newell Brands’s revenue was down 7.0% on a year-over-year basis. sell-side analysts predict that Newell Brands will post 2.81 earnings per share for the current year.
Newell Brands announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, September 26th that allows the company to buyback $256.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 1.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $0.92 annualized dividend and a dividend yield of 2.85%. Newell Brands’s dividend payout ratio (DPR) is currently 35.52%.
In other Newell Brands news, CEO Michael B. Polk bought 7,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were acquired at an average cost of $28.22 per share, for a total transaction of $197,540.00. Following the transaction, the chief executive officer now owns 616,296 shares in the company, valued at $17,391,873.12. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.97% of the stock is currently owned by insiders.
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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