Newell Brands Inc. (NYSE:NWL) – Equities researchers at SunTrust Banks raised their Q2 2017 earnings per share (EPS) estimates for Newell Brands in a report issued on Wednesday. SunTrust Banks analyst W. Chappell now forecasts that the company will post earnings of $0.83 per share for the quarter, up from their prior forecast of $0.79. SunTrust Banks also issued estimates for Newell Brands’ Q4 2017 earnings at $0.99 EPS, FY2017 earnings at $3.14 EPS, Q2 2018 earnings at $0.97 EPS, Q3 2018 earnings at $0.94 EPS and FY2018 earnings at $3.51 EPS.
A number of other analysts have also weighed in on the company. BidaskClub lowered Newell Brands from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Zacks Investment Research upgraded Newell Brands from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Wednesday, July 12th. Jefferies Group LLC reiterated a “buy” rating and issued a $66.00 target price (up previously from $65.00) on shares of Newell Brands in a research note on Thursday, July 6th. Royal Bank Of Canada reiterated a “buy” rating and issued a $60.00 target price on shares of Newell Brands in a research note on Thursday, June 8th. Finally, BMO Capital Markets set a $51.00 target price on Newell Brands and gave the stock a “hold” rating in a research note on Monday, May 8th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $58.56.
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Shares of Newell Brands (NYSE NWL) opened at 53.10 on Friday. Newell Brands has a 12-month low of $43.43 and a 12-month high of $55.45. The company has a market cap of $25.65 billion, a PE ratio of 22.54 and a beta of 1.17. The company has a 50-day moving average of $53.40 and a 200 day moving average of $49.49.
Newell Brands (NYSE:NWL) last released its quarterly earnings results on Monday, May 8th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.05. The business had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.23 billion. Newell Brands had a net margin of 7.40% and a return on equity of 11.07%. The firm’s revenue for the quarter was up 148.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.40 earnings per share.
In related news, Director Thomas E. Clarke sold 5,353 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $52.49, for a total transaction of $280,978.97. Following the sale, the director now owns 66,286 shares of the company’s stock, valued at $3,479,352.14. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.97% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of NWL. Harfst & Associates Inc. bought a new stake in shares of Newell Brands during the first quarter worth $103,000. Israel Discount Bank of New York bought a new stake in shares of Newell Brands during the first quarter worth $112,000. Parallel Advisors LLC increased its stake in shares of Newell Brands by 23.0% in the first quarter. Parallel Advisors LLC now owns 2,906 shares of the company’s stock worth $132,000 after buying an additional 544 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Newell Brands during the first quarter worth $156,000. Finally, Duncker Streett & Co. Inc. bought a new stake in shares of Newell Brands during the first quarter worth $186,000. 94.23% of the stock is currently owned by institutional investors.
About Newell Brands
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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