Newell Brands (NWL) Stock Price, News & Analysis

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Newell Brands in the last year. There are currently 1 sell rating, 7 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" NWL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NWL, but not buy additional shares or sell existing shares.
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9 Wall Street analysts have issued twelve-month price objectives for Newell Brands' shares. Their NWL share price targets range from $6.00 to $16.00. On average, they expect the company's stock price to reach $9.13 in the next year. This suggests a possible upside of 28.3% from the stock's current price.
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Newell Brands' stock was trading at $8.68 at the beginning of 2024. Since then, NWL stock has decreased by 18.1% and is now trading at $7.11.
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Newell Brands saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 22,910,000 shares, an increase of 39.8% from the March 15th total of 16,390,000 shares. Based on an average trading volume of 5,340,000 shares, the days-to-cover ratio is currently 4.3 days. Currently, 5.6% of the shares of the company are sold short.
View Newell Brands' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, April 26th 2024.
View our NWL earnings forecast.

Newell Brands will be holding an earnings conference call on Friday, April 26th at 9:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Newell Brands Inc. (NASDAQ:NWL) announced its quarterly earnings data on Friday, February, 9th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.05. The firm earned $2.10 billion during the quarter, compared to the consensus estimate of $1.98 billion. Newell Brands had a negative net margin of 4.77% and a positive trailing twelve-month return on equity of 10.24%. The firm's revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.16 earnings per share.
Read the conference call transcript.

Newell Brands announced a quarterly dividend on Thursday, February 15th. Investors of record on Thursday, February 29th will be paid a dividend of $0.07 per share on Friday, March 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date of this dividend is Wednesday, February 28th.
Read our dividend analysis for NWL.

Newell Brands (NASDAQ:NWL) pays an annual dividend of $0.28 per share and currently has a dividend yield of 3.93%.
Read our dividend analysis for NWL.

ETFs with the largest weight of Newell Brands (NASDAQ:NWL) stock in their portfolio include LeaderShares Activist Leaders ETF (ACTV), Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Arrow Reverse Cap 500 ETF (YPS), Invesco S&P SmallCap 600 Revenue ETF (RWJ), Vanguard S&P Small-Cap 600 Value ETF (VIOV) and SPDR S&P 600 Small CapValue ETF (SLYV).Siren DIVCON Dividend Defender ETF (DFND).

Newell Brands issued an update on its FY 2024 earnings guidance on Friday, February, 9th. The company provided earnings per share (EPS) guidance of 0.520-0.620 for the period, compared to the consensus earnings per share estimate of 0.770. The company issued revenue guidance of $7.5 billion-$7.7 billion, compared to the consensus revenue estimate of $7.7 billion.

Newell Brands' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include ARGA Investment Management LP (0.17%), Alaska Permanent Fund Corp (0.03%), IMC Chicago LLC (0.00%), Lloyd Advisory Services LLC. (0.02%), Counterpoint Mutual Funds LLC (0.01%) and Wedmont Private Capital (0.00%). Insiders that own company stock include Bradford R Turner, Brett Icahn, Carl C Icahn, Christopher H Peterson, Courtney Mather, Kristine Kay Malkoski and Mark J Erceg.
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Shares of NWL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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