Published: Tue, May 09, 2017
Economy | By Melissa Porter

Newell Brands Inc. (NASDAQ:NWL) To Release Earnings

Newell Brands Inc. (NASDAQ:NWL) To Release Earnings

(NWL) is 1.26. The Average Volume (3 months) is 3.91 Million.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NWL. Jefferies Group LLC reiterated a buy rating and set a $61.00 price objective on shares of Newell Brands in a research report on Tuesday, February 14th.

The number of shares now held by investors is 482.4 Million.

Shares of Newell were last trading up 11% at $51.58, with a consensus analyst price target of $56.69 and a 52-week trading range of $43.43 to $55.45. Waldron LP purchased a new position in Newell Brands during the first quarter valued at approximately $206,000. Zions Bancorporation boosted its position in Newell Brands by 1.6% in the fourth quarter.

Newell Brands a marketer of consumer and commercial products.

Financial stocks led all sectors in trading volume, and the popular Financial Sector SPDR Select ETF (NYSEMKT:XLF) only slightly trailed the broader market with a 0.1% dip.

Newell Brands (NYSE:NWL) last released its quarterly earnings data on Monday, May 8th. As per Friday, February 12, the company rating was maintained by Oppenheimer.

Let's also take a brief look at the stock price in relation to some highs/lows and moving averages. The stock of Newell Brands Inc (NYSE:NWL) earned "Buy" rating by Sterne Agee CRT on Tuesday, July 21. Newell Brands Inc now has $22.67B valuation.

When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. This is an increase of approximately 919% compared to the typical volume of 1,007 put options.

The company raised guidance for full year 2017 normalized diluted earnings per share to $3.00 to $3.20 compared with the previous guidance of $2.95 to $3.15. Sales were $3.27 billion, up from $1.31 billion past year, and ahead of the $3.21 billion FactSet consensus. Newell Brands had a return on equity of 13.59% and a net margin of 3.98%.

The year over year difference in reported results is largely due to the inclusion of the acquired Jarden businesses and unfavorable foreign exchange, partially offset by the benefit of cost synergies and other savings. For the last period, the company reported quarter over quarter EPS growth of 213.70% and quarter over quarter sales growth of 165.00%.

Newell Brands Inc. (NYSE:NWL) closed the last session at $45.85 and sees an average of 3410749.5 shares trade hands in each session. Newell also raised its dividend by 4 cents to 23 cents per share.

On 2/10/2017 announced a quarterly dividend of $0.19 1.61% with an ex dividend date of 2/24/2017 which will be payable on 2/28/2017.

Now the P/E of Newell Brands Inc. stands at 39.58. If you are reading this piece on another domain, it was illegally stolen and republished in violation of United States and worldwide copyright legislation. RBC Capital Markets upgraded Newell Brands Inc (NYSE:NWL) rating on Wednesday, December 16.

Among 14 analysts covering Johnson & Johnson (NYSE:JNJ), 6 have Buy rating, 1 Sell and 7 Hold. JPMorgan Chase & Co. started coverage on shares of Newell Brands in a report on Tuesday, March 21st.

On 2/8/2017 Raymond G Viault, Director, bought 1,630 with an average share price of $45.96 per share and the total transaction amounting to $74,914.80. (NWL)'s stock to Market Perform with no specific Price Target.

Like this: