Newell Brands (NASDAQ:NWL) Posts Earnings Results, Meets Estimates

Newell Brands (NASDAQ:NWL - Get Free Report) posted its quarterly earnings results on Friday. The company reported $0.16 EPS for the quarter, hitting analysts' consensus estimates of $0.16, Briefing.com reports. The business had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.96 billion. Newell Brands had a negative net margin of 3.43% and a positive return on equity of 13.04%. The business's quarterly revenue was down 2.6% on a year-over-year basis. During the same period last year, the company posted $0.39 earnings per share.

Newell Brands Stock Performance

Shares of Newell Brands stock traded up $1.55 during trading hours on Friday, hitting $8.73. 21,224,215 shares of the company's stock traded hands, compared to its average volume of 5,488,259. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of -13.66, a PEG ratio of 1.31 and a beta of 0.91. Newell Brands has a 12-month low of $5.39 and a 12-month high of $9.24. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.98 and a quick ratio of 0.51. The company has a fifty day simple moving average of $7.41 and a 200-day simple moving average of $7.31.

Newell Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $0.07 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.28 annualized dividend and a yield of 3.21%. Newell Brands's dividend payout ratio is currently -43.08%.

Analysts Set New Price Targets

NWL has been the topic of several recent research reports. Royal Bank of Canada increased their price target on Newell Brands from $7.50 to $9.50 and gave the stock a "sector perform" rating in a report on Monday, July 29th. Wells Fargo & Company boosted their price target on shares of Newell Brands from $6.00 to $9.00 and gave the company an "equal weight" rating in a research note on Monday, July 29th. JPMorgan Chase & Co. lowered their price objective on shares of Newell Brands from $9.00 to $8.00 and set a "neutral" rating on the stock in a report on Friday, October 11th. Truist Financial lifted their price objective on shares of Newell Brands from $8.00 to $10.00 and gave the company a "hold" rating in a report on Tuesday, July 30th. Finally, Canaccord Genuity Group raised their price target on shares of Newell Brands from $10.00 to $12.00 and gave the company a "buy" rating in a research report on Monday, July 29th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $8.80.

Newell Brands Company Profile

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.