Newell Brands (NASDAQ:NWL) Announces Quarterly Earnings Results, Hits Estimates

Newell Brands (NASDAQ:NWL) released its quarterly earnings data on Friday. The company reported ($0.07) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.07), Yahoo Finance reports. The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Newell Brands had a positive return on equity of 10.24% and a negative net margin of 4.77%. The business’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.06) EPS.

Newell Brands Price Performance

Newell Brands stock traded up $0.85 during mid-day trading on Friday, hitting $7.79. 9,823,407 shares of the company were exchanged, compared to its average volume of 3,539,482. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.63 and a current ratio of 1.16. The business’s 50 day simple moving average is $7.49 and its two-hundred day simple moving average is $7.74. Newell Brands has a 12-month low of $6.49 and a 12-month high of $12.31.

Newell Brands Announces Dividend

The business also recently declared 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 3.59%. The ex-dividend date of this dividend was Wednesday, February 28th. Newell Brands’s payout ratio is -38.89%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on NWL shares. Barclays upped their price objective on Newell Brands from $5.00 to $6.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 16th. Morgan Stanley reduced their price target on Newell Brands from $8.50 to $7.75 and set an “equal weight” rating for the company in a report on Monday, February 12th. UBS Group cut Newell Brands from a “buy” rating to a “neutral” rating and reduced their price target for the company from $10.00 to $8.50 in a report on Friday, February 16th. Royal Bank of Canada reduced their price target on Newell Brands from $9.00 to $7.50 and set a “sector perform” rating for the company in a report on Monday, February 12th. Finally, Citigroup dropped their price objective on Newell Brands from $9.00 to $7.50 and set a “neutral” rating for the company in a research note on Monday, February 12th. One equities 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 stock. According to MarketBeat, the stock presently has a consensus 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.