Newell Brands (NWL) Set to Announce Earnings on Friday

Newell Brands (NASDAQ:NWL - Get Free Report) is scheduled to release its earnings data before the market opens on Friday, October 25th. Analysts expect Newell Brands to post earnings of $0.16 per share for the quarter. Individual that wish to register for the company's earnings conference call can do so using this link.

Newell Brands (NASDAQ:NWL - Get Free Report) last posted its quarterly earnings results on Friday, July 26th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.15. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.05 billion. Newell Brands had a negative net margin of 3.43% and a positive return on equity of 13.04%. The firm's quarterly revenue was down 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 earnings per share. On average, analysts expect Newell Brands to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Newell Brands Price Performance

Newell Brands stock traded up $0.19 during mid-day trading on Friday, hitting $7.87. The company's stock had a trading volume of 5,391,741 shares, compared to its average volume of 5,391,880. The company has a quick ratio of 0.51, a current ratio of 0.98 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $3.27 billion, a P/E ratio of -10.93, a P/E/G ratio of 1.29 and a beta of 0.91. Newell Brands has a twelve month low of $5.39 and a twelve month high of $9.24. The stock's fifty day moving average price is $7.38 and its two-hundred day moving average price is $7.31.

Newell Brands Announces Dividend

The firm also recently declared 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 3.56%. Newell Brands's dividend payout ratio (DPR) is -38.89%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Citigroup lowered shares of Newell Brands from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 13th. Truist Financial raised their price objective on shares of Newell Brands from $8.00 to $10.00 and gave the stock a "hold" rating in a research note on Tuesday, July 30th. Canaccord Genuity Group raised their price objective on shares of Newell Brands from $10.00 to $12.00 and gave the stock a "buy" rating in a research note on Monday, July 29th. JPMorgan Chase & Co. decreased their price objective on shares of Newell Brands from $9.00 to $8.00 and set a "neutral" rating for the company in a research note on Friday, October 11th. Finally, Royal Bank of Canada raised their price objective on shares of Newell Brands from $7.50 to $9.50 and gave the stock a "sector perform" rating in a research note on Monday, July 29th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $8.91.

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.