Newell Brands - NWL Stock Forecast, Price & News

Newell Brands Inc. designs, manufactures, sources, and distributes consumer and commercial products worldwide. It operates in five segments: Commercial Solutions, Home Appliances, Home Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solutions; closet and garage organization products; hygiene systems and material handling solutions; and home and security, and smoke and carbon monoxide alarms products under the BRK, First Alert, Mapa, Quickie, Rubbermaid, Rubbermaid Commercial Products, and Spontex brands. The Home Appliances segment offers kitchen appliances under the Crock-Pot, Mr. Coffee, Oster, and Sunbeam brands. The Home Solutions segment provides food and home storage; fresh preserving; vacuum sealing; and gourmet cookware, bakeware, cutlery, and home fragrance products under the Ball, Calphalon, Chesapeake Bay Candle, FoodSaver, Rubbermaid, Sistema, WoodWick, and Yankee Candle brands. The Learning and Development segment offers writing instruments, including markers and highlighters, pens, and pencils; art products; activity-based adhesive and cutting products; labeling solutions; and baby gear and infant care products under the Aprica, Baby Jogger, Graco, NUK, Tigex, Dymo, Elmer's, EXPO, Graco, Mr. Sketch, NUK, Paper Mate, Parker, Prismacolor, Sharpie, Waterman, and X-Acto brands. The Outdoor and Recreation segment provides outdoor and outdoor-related products under the Campingaz, Coleman, Contigo, ExOfficio, and Marmot brands. It serves warehouse clubs, department and drug/grocery stores, mass merchants, home centers, office superstores and supply stores, contract stationers, and distributors, e-commerce, sporting goods, specialty, and travel retailers. The company was formerly known as Newell Rubbermaid Inc. and changed its name to Newell Brands Inc. in April 2016. Newell Brands Inc. was founded in 1903 and is based in Atlanta, Georgia.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wells Fargo & Company reduced their price target on Newell Brands from $21.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Tuesday, June 21st. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Newell Brands from $25.00 to $22.00 and set a "hold" rating for the company in a research report on Tuesday, June 21st. Raymond James dropped their price target on shares of Newell Brands from $33.00 to $28.00 and set a "strong-buy" rating on the stock in a research report on Monday, April 18th. UBS Group decreased their price objective on shares of Newell Brands from $28.00 to $27.00 and set a "buy" rating for the company in a research report on Monday, August 1st. Finally, Morgan Stanley dropped their target price on shares of Newell Brands from $27.00 to $25.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 3rd. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $23.86.

Newell Brands Stock Up 1.6 %

NWL Stock traded up $0.33 during trading on Friday, reaching $21.08. The stock had a trading volume of 1,786,770 shares, compared to its average volume of 2,724,191. The company has a quick ratio of 0.48, a current ratio of 1.03 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $8.72 billion, a price-to-earnings ratio of 12.40 and a beta of 0.75. Newell Brands has a one year low of $17.40 and a one year high of $26.45. The company's 50 day moving average is $19.60 and its two-hundred day moving average is $21.56.

Newell Brands (NASDAQ:NWL - Get Rating) last announced its earnings results on Friday, July 29th. The company reported $0.57 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.10. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.54 billion. Newell Brands had a return on equity of 19.96% and a net margin of 6.89%. The company's revenue was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.56 EPS. Equities research analysts forecast that Newell Brands will post 1.84 EPS for the current year.

Newell Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Wednesday, August 31st will be issued a dividend of $0.23 per share. The ex-dividend date is Tuesday, August 30th. This represents a $0.92 dividend on an annualized basis and a yield of 4.36%. Newell Brands's dividend payout ratio (DPR) is presently 54.12%.