Newell Brands (NWL) to Release Quarterly Earnings on Friday

Newell Brands (NASDAQ:NWL) is anticipated to announce its earnings results before the market opens on Friday, February 7th. Analysts expect the company to announce earnings of $0.14 per share and revenue of $1.96 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Newell Brands Price Performance

NWL opened at $9.70 on Thursday. Newell Brands has a 1 year low of $5.39 and a 1 year high of $11.78. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.99 and a quick ratio of 0.50. The company has a market capitalization of $4.04 billion, a price-to-earnings ratio of -16.17, a P/E/G ratio of 1.12 and a beta of 0.89. The firm’s fifty day moving average price is $10.19 and its two-hundred day moving average price is $8.66.

Newell Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.89%. The ex-dividend date was Friday, November 29th. Newell Brands’s dividend payout ratio (DPR) is presently -46.67%.

Insider Activity

In related news, insider Tracy L. Platt sold 23,343 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $10.31, for a total transaction of $240,666.33. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NWL. Canaccord Genuity Group boosted their target price on Newell Brands from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. UBS Group boosted their price objective on Newell Brands from $9.50 to $10.50 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Truist Financial upgraded Newell Brands from a “hold” rating to a “buy” rating and lifted their target price for the stock from $10.00 to $17.00 in a research note on Monday, December 9th. JPMorgan Chase & Co. increased their price target on shares of Newell Brands from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Finally, Barclays raised their price objective on shares of Newell Brands from $10.00 to $11.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.70.

Newell Brands Company Profile

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.