Newell Brands (NASDAQ:NWL) Shares Gap Up on Better-Than-Expected Earnings

Newell Brands Inc. (NASDAQ:NWL)’s share price gapped up before the market opened on Friday following a better than expected earnings announcement. The stock had previously closed at $4.08, but opened at $4.45. Newell Brands shares last traded at $4.5030, with a volume of 2,020,036 shares.

The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.04. Newell Brands had a positive return on equity of 9.17% and a negative net margin of 3.96%.The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.01) EPS. Newell Brands has set its FY 2026 guidance at 0.560-0.600 EPS and its Q2 2026 guidance at 0.160-0.190 EPS.

Newell Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend was Friday, February 27th. Newell Brands’s dividend payout ratio (DPR) is presently -41.18%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NWL. Morgan Stanley raised their price objective on shares of Newell Brands from $4.25 to $4.50 and gave the stock an “equal weight” rating in a report on Tuesday, February 10th. Canaccord Genuity Group raised their price objective on shares of Newell Brands from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Barclays reduced their price objective on shares of Newell Brands from $6.00 to $5.00 and set an “overweight” rating for the company in a report on Tuesday, April 14th. Citigroup reduced their price objective on shares of Newell Brands from $5.00 to $4.00 and set a “neutral” rating for the company in a report on Wednesday, April 15th. Finally, UBS Group reduced their price objective on shares of Newell Brands from $5.00 to $3.75 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Newell Brands presently has an average rating of “Hold” and an average target price of $4.92.

Institutional Investors Weigh In On Newell Brands

Several institutional investors have recently modified their holdings of NWL. Quarry LP increased its stake in shares of Newell Brands by 139.3% in the 4th quarter. Quarry LP now owns 7,416 shares of the company’s stock valued at $28,000 after acquiring an additional 4,317 shares during the last quarter. Summit Securities Group LLC acquired a new position in shares of Newell Brands in the fourth quarter valued at approximately $30,000. Forum Financial Management LP acquired a new position in shares of Newell Brands in the third quarter valued at approximately $54,000. Vise Technologies Inc. acquired a new position in shares of Newell Brands in the third quarter valued at approximately $54,000. Finally, HighPoint Advisor Group LLC acquired a new position in shares of Newell Brands in the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 92.50% of the company’s stock.

Newell Brands Price Performance

The company has a market cap of $1.92 billion, a price-to-earnings ratio of -6.65 and a beta of 0.97. The company has a quick ratio of 0.57, a current ratio of 1.07 and a debt-to-equity ratio of 1.90. The company’s fifty day moving average price is $4.01 and its two-hundred day moving average price is $4.03.

About Newell Brands

Newell Brands Inc, trading on NASDAQ under the ticker NWL, is a global consumer goods company known for its diverse portfolio of household, commercial, and specialty products. Formed through the merger of Newell Rubbermaid and Jarden Corporation in 2016, the company traces its roots back to Newell Manufacturing, which was founded in 1903. Headquartered in Atlanta, Georgia, Newell Brands has built a reputation for widely recognized brands spanning multiple consumer categories.

The company’s business activities are organized across several segments, including writing and creative expression, home solutions, commercial products, and outdoor recreation.