Newell Brands (NWL) Set to Announce Earnings on Friday

Newell Brands (NASDAQ:NWL - Get Free Report) 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 interested in listening to the company's earnings conference call can do so using this link.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its quarterly earnings results on Friday, February 9th. The company reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.05. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $1.98 billion. Newell Brands had a positive return on equity of 10.24% and a negative net margin of 4.77%. The company's quarterly revenue was down 8.1% compared to the same quarter last year. During the same period last year, the company earned $0.16 earnings per share. 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 NWL traded down $0.03 during trading hours on Friday, reaching $6.88. 3,296,425 shares of the company's stock traded hands, compared to its average volume of 5,065,957. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of -7.24, a P/E/G ratio of 1.37 and a beta of 0.95. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.16 and a quick ratio of 0.63. Newell Brands has a twelve month low of $6.49 and a twelve month high of $12.52. The business's fifty day simple moving average is $7.53 and its two-hundred day simple moving average is $7.75.

Newell Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date of this dividend was Wednesday, February 28th. Newell Brands's dividend payout ratio (DPR) is -29.47%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NWL. Morgan Stanley lowered their target price on Newell Brands from $8.50 to $7.75 and set an "equal weight" rating on the stock in a report on Monday, February 12th. Citigroup lowered their target price on Newell Brands from $9.00 to $7.50 and set a "neutral" rating on the stock in a report on Monday, February 12th. Raymond James lowered Newell Brands from an "outperform" rating to a "market perform" rating in a report on Monday, February 12th. JPMorgan Chase & Co. lifted their target price on Newell Brands from $7.00 to $9.00 and gave the stock a "neutral" rating in a report on Tuesday, January 9th. Finally, UBS Group lowered Newell Brands from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $10.00 to $8.50 in a report on Friday, February 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $9.13.

Hedge Funds Weigh In On Newell Brands

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fairfield Bush & CO. acquired a new stake in Newell Brands during the 1st quarter worth about $26,000. Resources Management Corp CT ADV boosted its position in Newell Brands by 6,000.0% during the 2nd quarter. Resources Management Corp CT ADV now owns 3,050 shares of the company's stock worth $27,000 after acquiring an additional 3,000 shares during the period. Groupama Asset Managment acquired a new stake in Newell Brands during the 4th quarter worth about $31,000. Canada Pension Plan Investment Board boosted its position in Newell Brands by 711.7% during the 1st quarter. Canada Pension Plan Investment Board now owns 4,107 shares of the company's stock worth $88,000 after acquiring an additional 3,601 shares during the period. Finally, Belpointe Asset Management LLC boosted its position in Newell Brands by 629.5% during the 1st quarter. Belpointe Asset Management LLC now owns 7,244 shares of the company's stock worth $90,000 after acquiring an additional 6,251 shares during the period. Institutional investors and hedge funds own 92.50% of the company's stock.

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.