Newell Brands (NASDAQ:NWL) Releases Q4 Earnings Guidance

Newell Brands (NASDAQ:NWL - Get Free Report) issued an update on its fourth quarter earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $0.11-$0.14 for the period, compared to the consensus estimate of $0.13. The company issued revenue guidance of $1.95-$2.02 billion, compared to the consensus revenue estimate of $2.00 billion. Newell Brands also updated its FY 2024 guidance to 0.630-0.660 EPS.

Wall Street Analysts Forecast Growth

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

Newell Brands Price Performance

Newell Brands stock traded up $1.55 during midday trading on Friday, reaching $8.73. 21,224,215 shares of the company were exchanged, compared to its average volume of 5,488,259. The firm's 50-day simple moving average is $7.41 and its 200-day simple moving average is $7.31. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.51 and a current ratio of 0.98. Newell Brands has a 1 year low of $5.39 and a 1 year high of $9.24. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of -13.66, a P/E/G ratio of 1.31 and a beta of 0.91.

Newell Brands (NASDAQ:NWL - Get Free Report) last posted its quarterly earnings results on Friday, October 25th. The company reported $0.16 earnings per share for the quarter, hitting analysts' consensus estimates of $0.16. Newell Brands had a negative net margin of 3.43% and a positive return on equity of 13.04%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the firm posted $0.39 earnings per share. Newell Brands's revenue was down 2.6% on a year-over-year basis. On average, analysts anticipate that Newell Brands will post 0.65 EPS for the current year.

Newell Brands Dividend Announcement

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

About Newell Brands

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.