Zacks: Brokerages Expect Newell Brands Inc. (NYSE:NWL) to Announce $0.27 EPS

Analysts expect Newell Brands Inc. (NYSE:NWL – Get Rating) to announce $0.27 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Newell Brands’ earnings, with estimates ranging from $0.26 to $0.28. Newell Brands posted earnings of $0.30 per share in the same quarter last year, which suggests a negative year over year growth rate of 10%. The company is scheduled to report its next earnings report before the market opens on Monday, January 1st.

On average, analysts expect that Newell Brands will report full year earnings of $1.90 per share for the current year, with EPS estimates ranging from $1.87 to $1.94. For the next fiscal year, analysts anticipate that the company will report earnings of $2.10 per share, with EPS estimates ranging from $2.00 to $2.30. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Newell Brands.

Separately, StockNews.com initiated coverage on Newell Brands in a report on Thursday, March 31st. They set a “hold” rating for the company.

Shares of NYSE NWL traded up $0.22 during trading hours on Thursday, hitting $23.43. The company had a trading volume of 44,918 shares, compared to its average volume of 3,510,890. Newell Brands has a 1-year low of $20.36 and a 1-year high of $30.10.

Newell Brands Company Profile (Get Rating)

Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. It operates in five segments: Commercial Solutions, Home Appliances, Home Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solutions; closet and garage organization products; hygiene systems and material handling solutions; and home and security, and smoke and carbon monoxide alarms products under the BRK, First Alert, Mapa, Quickie, Rubbermaid, Rubbermaid Commercial Products, and Spontex brands.

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