Newell Brands (NWL) Projected to Post Earnings on Friday

Newell Brands (NASDAQ:NWL - Get Free Report) is expected to issue its quarterly earnings data before the market opens on Friday, February 7th. Analysts expect the company to announce earnings of $0.14 per share and revenue of $1.96 billion for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

Newell Brands Stock Performance

Shares of Newell Brands stock traded down $0.37 on Monday, reaching $9.59. 7,250,707 shares of the stock were exchanged, compared to its average volume of 5,150,142. The firm has a market capitalization of $3.99 billion, a PE ratio of -15.98, a PEG ratio of 1.12 and a beta of 0.89. Newell Brands has a 1-year low of $5.39 and a 1-year high of $11.78. The business has a fifty day moving average price of $10.19 and a two-hundred day moving average price of $8.62. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 1.43.

Newell Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.92%. The ex-dividend date was Friday, November 29th. Newell Brands's payout ratio is -46.67%.

Insider Activity at Newell Brands

In other news, insider Tracy L. Platt sold 23,343 shares of the business's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $10.31, for a total transaction of $240,666.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bradford R. Turner sold 20,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $8.96, for a total transaction of $179,200.00. Following the sale, the insider now directly owns 230,254 shares of the company's stock, valued at approximately $2,063,075.84. This trade represents a 7.99 % decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is owned by insiders.

Wall Street Analyst Weigh In

NWL has been the subject of a number of recent analyst reports. UBS Group raised their target price on Newell Brands from $9.50 to $10.50 and gave the company a "neutral" rating in a report on Thursday, January 16th. Wells Fargo & Company boosted their target price on Newell Brands from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 7th. Truist Financial upgraded Newell Brands from a "hold" rating to a "buy" rating and raised their price target for the company from $10.00 to $17.00 in a research report on Monday, December 9th. Barclays boosted their price objective on shares of Newell Brands from $10.00 to $11.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Newell Brands from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Newell Brands has an average rating of "Hold" and a consensus target price of $10.70.

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.