Newell Brands (NWL) to Release Earnings on Friday

Newell Brands (NASDAQ:NWL) is scheduled to post 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. Persons interested in registering for the company’s earnings conference call can do so using this link.

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

Shares of NASDAQ NWL opened at $7.04 on Thursday. Newell Brands has a 52-week low of $6.49 and a 52-week high of $12.31. The stock has a market capitalization of $2.92 billion, a P/E ratio of -7.41, a P/E/G ratio of 1.37 and a beta of 0.95. The company has a quick ratio of 0.63, a current ratio of 1.16 and a debt-to-equity ratio of 1.47. The firm’s 50-day moving average price is $7.51 and its two-hundred day moving average price is $7.73.

Newell Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a $0.07 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.28 annualized dividend and a dividend yield of 3.98%. Newell Brands’s payout ratio is currently -29.47%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on NWL shares. Royal Bank of Canada cut their price objective on shares of Newell Brands from $9.00 to $7.50 and set a “sector perform” rating on the stock in a research note on Monday, February 12th. JPMorgan Chase & Co. increased their price objective on shares of Newell Brands from $7.00 to $9.00 and gave the company a “neutral” rating in a report on Tuesday, January 9th. Morgan Stanley lowered their price objective on shares of Newell Brands from $8.50 to $7.75 and set an “equal weight” rating on the stock in a research note on Monday, February 12th. UBS Group downgraded Newell Brands from a “buy” rating to a “neutral” rating and cut their target price for the stock from $10.00 to $8.50 in a research report on Friday, February 16th. Finally, Citigroup lowered their price target on Newell Brands from $9.00 to $7.50 and set a “neutral” rating on the stock in a research report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company 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.