Newell Brands (NWL) Scheduled to Post Quarterly Earnings on Friday

Newell Brands (NASDAQ:NWL) is set to issue its quarterly earnings data before the market opens on Friday, October 25th. Analysts expect the company to announce earnings of $0.16 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings data on Friday, July 26th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.15. The business had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.05 billion. Newell Brands had a positive return on equity of 13.04% and a negative net margin of 3.43%. The firm’s quarterly revenue was down 7.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.24 EPS. 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 Down 2.5 %

Newell Brands stock opened at $7.53 on Wednesday. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of -10.46, a PEG ratio of 1.29 and a beta of 0.91. The company has a current ratio of 0.98, a quick ratio of 0.51 and a debt-to-equity ratio of 1.32. Newell Brands has a 12 month low of $5.39 and a 12 month high of $9.24. The stock has a fifty day simple moving average of $7.40 and a two-hundred day simple moving average of $7.31.

Newell Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date was Friday, August 30th. Newell Brands’s dividend payout ratio (DPR) is -38.89%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NWL shares. Truist Financial raised their price target on shares of Newell Brands from $8.00 to $10.00 and gave the company a “hold” rating in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Newell Brands from $8.00 to $9.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Wells Fargo & Company increased their price target on Newell Brands from $6.00 to $9.00 and gave the company an “equal weight” rating in a report on Monday, July 29th. Canaccord Genuity Group lifted their price objective on Newell Brands from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Finally, Royal Bank of Canada upped their price objective on Newell Brands from $7.50 to $9.50 and gave the company a “sector perform” rating in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $8.91.

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.