Newell Brands (NWL) Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Newell Brands in the last twelve months. There are currently 1 sell rating, 5 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research 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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10 Wall Street analysts have issued 12-month price targets for Newell Brands' shares. Their NWL share price forecasts range from $11.00 to $28.00. On average, they anticipate the company's stock price to reach $17.18 in the next year. This suggests a possible upside of 104.1% from the stock's current price.
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Newell Brands' stock was trading at $13.08 at the start of the year. Since then, NWL stock has decreased by 35.6% and is now trading at $8.42.
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The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023.
View our NWL earnings forecast.

Newell Brands Inc. (NASDAQ:NWL) announced its quarterly earnings results on Friday, April, 28th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.04) by $0.02. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.79 billion. Newell Brands had a negative net margin of 1.31% and a positive trailing twelve-month return on equity of 13.59%. The company's quarterly revenue was down 24.4% on a year-over-year basis. During the same period last year, the firm earned $0.36 EPS.
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Newell Brands announced a quarterly dividend on Tuesday, May 16th. Shareholders of record on Wednesday, May 31st will be paid a dividend of $0.07 per share on Thursday, June 15th. This represents a $0.28 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Tuesday, May 30th.
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), ALPS Sector Dividend Dogs ETF (SDOG), Northern Lights Fund Trust IV - Inverse Cramer Tracker ETF (SJIM), Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RCD), Invesco S&P 500 Pure Value ETF (RPV), Nuveen ESG Mid-Cap Value ETF (NUMV), SPDR S&P Global Dividend ETF (WDIV) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD).

Newell Brands (NASDAQ:NWL) pays an annual dividend of $0.28 per share and currently has a dividend yield of 10.54%. NWL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for NWL.

Newell Brands issued an update on its second quarter 2023 earnings guidance on Friday, April, 28th. The company provided EPS guidance of $0.10-$0.18 for the period, compared to the consensus estimate of $0.38. The company issued revenue guidance of $2.13 billion-$2.24 billion, compared to the consensus revenue estimate of $2.20 billion.

Newell Brands trades on the NASDAQ under the ticker symbol "NWL."

Newell Brands' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Pzena Investment Management LLC (12.27%), BlackRock Inc. (11.73%), State Street Corp (6.07%), JPMorgan Chase & Co. (5.26%), Victory Capital Management Inc. (3.55%) and Geode Capital Management LLC (2.16%). Insiders that own company stock include 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NWL stock can currently be purchased for approximately $8.42.

Newell Brands (NASDAQ:NWL) has a market capitalization of $3.49 billion and generates $8.88 billion in revenue each year. The company earns $197 million in net income (profit) each year or ($0.29) on an earnings per share basis.

The company employs 28,000 workers across the globe.

Newell Brands' mailing address is 6655 Peachtree Dunwoody Road, Atlanta GA, 30328. The official website for the company is www.newellbrands.com. The company can be reached via phone at (770) 418-7000 or via email at nancy.odonnell@newellco.com.