Newell Brands (NASDAQ:NWL – Get Free Report) updated its third quarter earnings guidance on Friday. The company provided EPS guidance of $0.14-0.17 for the period, compared to the consensus EPS estimate of $0.20. Newell Brands also updated its FY 2024 guidance to 0.600-0.650 EPS.
Newell Brands Stock Performance
Shares of NASDAQ NWL traded up $2.57 during midday trading on Friday, hitting $8.91. The company’s stock had a trading volume of 26,323,587 shares, compared to its average volume of 4,567,726. The stock has a fifty day moving average price of $6.90 and a 200 day moving average price of $7.49. The company has a current ratio of 1.15, a quick ratio of 0.58 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of -12.38, a P/E/G ratio of 1.18 and a beta of 0.89. Newell Brands has a one year low of $5.39 and a one year high of $11.61.
Newell Brands (NASDAQ:NWL – Get Free Report) last posted its earnings results on Friday, July 26th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.21 by $0.15. Newell Brands had a negative net margin of 3.70% and a positive return on equity of 11.21%. The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same period last year, the company posted $0.24 EPS. The company’s quarterly revenue was down 7.8% compared to the same quarter last year. On average, research analysts forecast that Newell Brands will post 0.6 EPS for the current fiscal year.
Newell Brands Announces Dividend
Wall Street Analysts Forecast Growth
NWL has been the topic of a number of research analyst reports. Citigroup dropped their target price on shares of Newell Brands from $8.00 to $6.25 and set a neutral rating on the stock in a report on Wednesday, July 10th. Barclays upgraded Newell Brands from an underweight rating to an equal weight rating and set a $8.00 price objective on the stock in a report on Tuesday, May 14th. Wells Fargo & Company decreased their price objective on Newell Brands from $8.00 to $6.00 and set an equal weight rating on the stock in a report on Wednesday, July 10th. Canaccord Genuity Group raised their price objective on Newell Brands from $9.00 to $10.00 and gave the company a buy rating in a report on Monday, April 29th. Finally, JPMorgan Chase & Co. decreased their price objective on Newell Brands from $8.00 to $7.00 and set a neutral rating on the stock in a report on Monday, July 22nd. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $8.18.
Check Out Our Latest Report on NWL
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.
Featured Stories
- Five stocks we like better than Newell Brands
- Buy P&G Now, Before It Sets A New All-Time High
- Why Call Options Volume for These 2 Stocks Spiked Together
- Financial Services Stocks Investing
- MarketBeat Week in Review – 7/22 – 7/26
- Airline Stocks – Top Airline Stocks to Buy Now
- 3M Surprises and Rebound Accelerates: It Isn’t Too Late To Get In
Receive News & Ratings for Newell Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newell Brands and related companies with MarketBeat.com's FREE daily email newsletter.