Newell Brands (NWL) Scheduled to Post Quarterly Earnings on Friday

Newell Brands (NASDAQ:NWL) is set to announce its earnings results before the market opens on Friday, April 26th. Analysts expect the company to announce earnings of ($0.07) per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings results on Friday, February 9th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.05. Newell Brands had a positive return on equity of 10.24% and a negative net margin of 4.77%. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the firm posted $0.16 earnings per share. The firm’s revenue was down 8.1% on a year-over-year basis. 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 Stock Performance

Shares of NWL stock opened at $6.91 on Friday. The stock has a fifty day moving average of $7.53 and a 200 day moving average of $7.76. Newell Brands has a 52 week low of $6.49 and a 52 week high of $12.59. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of -7.27, a PEG ratio of 1.37 and a beta of 0.95. The company has a quick ratio of 0.63, a current ratio of 1.16 and a debt-to-equity ratio of 1.47.

Newell Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend was Wednesday, February 28th. Newell Brands’s dividend payout ratio is currently -29.47%.

Institutional Trading of Newell Brands

Several hedge funds have recently modified their holdings of NWL. Price T Rowe Associates Inc. MD lifted its holdings in shares of Newell Brands by 15.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 197,161 shares of the company’s stock worth $1,712,000 after purchasing an additional 26,634 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of Newell Brands by 2.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 159,298 shares of the company’s stock valued at $1,383,000 after buying an additional 4,352 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Newell Brands by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 44,892,843 shares of the company’s stock valued at $389,670,000 after buying an additional 739,295 shares in the last quarter. Voloridge Investment Management LLC increased its position in shares of Newell Brands by 163.2% in the fourth quarter. Voloridge Investment Management LLC now owns 2,368,247 shares of the company’s stock valued at $20,556,000 after buying an additional 1,468,550 shares in the last quarter. Finally, Voya Investment Management LLC increased its position in shares of Newell Brands by 4.6% during the fourth quarter. Voya Investment Management LLC now owns 61,877 shares of the company’s stock worth $537,000 after purchasing an additional 2,743 shares in the last quarter. 92.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on NWL. Raymond James lowered Newell Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, February 12th. Royal Bank of Canada lowered their price objective on Newell Brands from $9.00 to $7.50 and set a “sector perform” rating for the company in a research report on Monday, February 12th. JPMorgan Chase & Co. raised their price objective on Newell Brands from $7.00 to $9.00 and gave the company a “neutral” rating in a research report on Tuesday, January 9th. UBS Group lowered Newell Brands from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $10.00 to $8.50 in a research report on Friday, February 16th. Finally, Barclays lifted their price target on Newell Brands from $5.00 to $6.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $9.13.

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.