Wall Street brokerages expect Newell Brands Inc. (NASDAQ:NWL – Get Rating) to announce sales of $2.57 billion for the current quarter, according to Zacks. Six analysts have provided estimates for Newell Brands’ earnings, with the highest sales estimate coming in at $2.59 billion and the lowest estimate coming in at $2.55 billion. Newell Brands reported sales of $2.71 billion during the same quarter last year, which would suggest a negative year over year growth rate of 5.2%. The business is scheduled to report its next earnings results on Monday, January 1st.
On average, analysts expect that Newell Brands will report full year sales of $10.18 billion for the current fiscal year, with estimates ranging from $10.08 billion to $10.26 billion. For the next financial year, analysts expect that the firm will report sales of $10.31 billion, with estimates ranging from $10.22 billion to $10.48 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Newell Brands.
Newell Brands (NASDAQ:NWL – Get Rating) last announced its earnings results on Friday, April 29th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.09. Newell Brands had a return on equity of 19.95% and a net margin of 6.71%. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the previous year, the business earned $0.30 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis.
Shares of NWL stock opened at $19.45 on Thursday. Newell Brands has a 1-year low of $18.90 and a 1-year high of $29.10. The stock’s fifty day moving average price is $22.32 and its 200 day moving average price is $22.78. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.39 and a quick ratio of 0.66. The company has a market cap of $8.04 billion, a price-to-earnings ratio of 11.65 and a beta of 0.71.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Tuesday, May 31st will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, May 27th. This represents a $0.92 annualized dividend and a yield of 4.73%. Newell Brands’s dividend payout ratio (DPR) is currently 55.09%.
In other news, major shareholder Carl C. Icahn sold 10,634,184 shares of the company’s stock in a transaction that occurred on Monday, February 21st. The stock was sold at an average price of $25.86, for a total value of $274,999,998.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.58% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in NWL. EverSource Wealth Advisors LLC acquired a new position in Newell Brands during the fourth quarter worth $25,000. Tcwp LLC purchased a new position in Newell Brands in the first quarter valued at $26,000. Fairfield Bush & CO. purchased a new position in Newell Brands in the first quarter valued at $26,000. Tyler Stone Wealth Management purchased a new position in Newell Brands in the fourth quarter valued at $30,000. Finally, Patriot Financial Group Insurance Agency LLC increased its holdings in Newell Brands by 170.1% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 1,556 shares of the company’s stock valued at $34,000 after buying an additional 980 shares during the last quarter. Institutional investors own 84.07% of the company’s stock.
About Newell Brands (Get Rating)
Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. It operates in five segments: Commercial Solutions, Home Appliances, Home Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solutions; closet and garage organization products; hygiene systems and material handling solutions; and home and security, and smoke and carbon monoxide alarms products under the BRK, First Alert, Mapa, Quickie, Rubbermaid, Rubbermaid Commercial Products, and Spontex brands.
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