Newell Brands (NWL) Scheduled to Post Earnings on Friday

Newell Brands (NASDAQ:NWL) is scheduled to be posting its quarterly 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. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Newell Brands (NASDAQ:NWL) last released its earnings results on Friday, February 9th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.05. Newell Brands had a positive return on equity of 10.24% and a negative net margin of 4.77%. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the business posted $0.16 earnings per share. The business’s quarterly revenue was down 8.1% compared to the same quarter last year. 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 Price Performance

NASDAQ:NWL opened at $7.13 on Wednesday. Newell Brands has a one year low of $6.49 and a one year high of $12.32. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.63 and a current ratio of 1.16. The stock has a market cap of $2.96 billion, a PE ratio of -7.51, a P/E/G ratio of 1.36 and a beta of 0.95. The stock has a 50 day moving average price of $7.52 and a 200 day moving average price of $7.74.

Newell Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a $0.07 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.28 annualized dividend and a dividend yield of 3.93%. Newell Brands’s dividend payout ratio is presently -29.47%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NWL shares. Royal Bank of Canada cut their price target on Newell Brands from $9.00 to $7.50 and set a “sector perform” rating for the company in a report on Monday, February 12th. Citigroup cut their price target on Newell Brands from $9.00 to $7.50 and set a “neutral” rating for the company in a report on Monday, February 12th. JPMorgan Chase & Co. raised their target price on Newell Brands from $7.00 to $9.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 9th. Raymond James cut Newell Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, February 12th. Finally, Barclays raised their target price on Newell Brands from $5.00 to $6.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Newell Brands currently has an average rating of “Hold” and an average price target of $9.13.

About Newell Brands

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.