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.

Newell Brands Stock Performance

Shares of Newell Brands stock opened at $20.51 on Thursday. The business has a 50-day simple moving average of $19.62 and a 200-day simple moving average of $21.59. The company has a market cap of $8.48 billion, a PE ratio of 12.06 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 has a debt-to-equity ratio of 0.96, a quick ratio of 0.48 and a current ratio of 1.03.

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

Newell Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 4.49%. Newell Brands's dividend payout ratio (DPR) is presently 54.12%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. TheStreet raised Newell Brands from a "c+" rating to a "b" rating in a report on Friday, April 29th. Wells Fargo & Company lowered their target price on shares of Newell Brands from $21.00 to $20.00 and set an "equal weight" rating on the stock in a report on Tuesday, June 21st. Barclays cut their target price on shares of Newell Brands from $20.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 2nd. Morgan Stanley cut their price target 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. Finally, UBS Group decreased their price target on shares of Newell Brands from $28.00 to $27.00 and set a "buy" rating for the company in a research note on Monday, August 1st. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $23.86.