Newell Brands (NASDAQ:NWL) Releases Earnings Results, Meets Estimates

Newell Brands (NASDAQ:NWL) announced its quarterly earnings data on Friday. The company reported ($0.07) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.07), Yahoo Finance reports. The company had revenue of $1.70 billion for 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%. Newell Brands’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.06) EPS.

Newell Brands Stock Performance

Shares of NWL stock traded up $0.85 during trading hours on Friday, reaching $7.79. The company’s stock had a trading volume of 9,823,407 shares, compared to its average volume of 3,539,482. Newell Brands has a one year low of $6.49 and a one year high of $12.31. The firm’s fifty day simple moving average is $7.49 and its 200 day simple moving average is $7.74. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.16 and a quick ratio of 0.63.

Newell Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.59%. Newell Brands’s dividend payout ratio is currently -38.89%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NWL. Morgan Stanley decreased their price objective on Newell Brands from $8.50 to $7.75 and set an “equal weight” rating on the stock in a report on Monday, February 12th. Royal Bank of Canada decreased their price target on Newell Brands from $9.00 to $7.50 and set a “sector perform” rating on the stock in a research note on Monday, February 12th. JPMorgan Chase & Co. lifted their price target on Newell Brands from $7.00 to $9.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 9th. Raymond James cut Newell Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, February 12th. Finally, UBS Group cut Newell Brands from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $10.00 to $8.50 in a research note on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.