Newell Brands (NASDAQ:NWL) Issues Q4 Earnings Guidance

by · The Cerbat Gem

Newell Brands (NASDAQ:NWL – Get Free Report) updated its fourth quarter earnings guidance on Friday. The company provided EPS guidance of $0.11-$0.14 for the period, compared to the consensus EPS estimate of $0.13. The company issued revenue guidance of $1.95-$2.02 billion, compared to the consensus revenue estimate of $2.00 billion. Newell Brands also updated its FY 2024 guidance to 0.630-0.660 EPS.

Newell Brands Price Performance

Newell Brands stock traded up $1.55 during mid-day trading on Friday, hitting $8.73. The stock had a trading volume of 21,253,426 shares, compared to its average volume of 5,488,259. Newell Brands has a one year low of $5.39 and a one year high of $9.24. The company has a current ratio of 0.98, a quick ratio of 0.51 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $3.62 billion, a P/E ratio of -12.13, a P/E/G ratio of 1.31 and a beta of 0.91. The firm’s 50 day moving average is $7.44 and its 200 day moving average is $7.32.

Newell Brands (NASDAQ:NWL – Get Free Report) last released its quarterly earnings data on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Newell Brands had a negative net margin of 3.43% and a positive return on equity of 13.04%. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 earnings per share. On average, sell-side analysts forecast that Newell Brands will post 0.65 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.28 annualized dividend and a dividend yield of 3.21%. Newell Brands’s dividend payout ratio (DPR) is -38.89%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NWL. Citigroup downgraded shares of Newell Brands from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 13th. JPMorgan Chase & Co. decreased their target price on shares of Newell Brands from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft lifted their price target on Newell Brands from $8.00 to $9.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Wells Fargo & Company upped their price objective on Newell Brands from $6.00 to $9.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Finally, Truist Financial lifted their target price on Newell Brands from $8.00 to $10.00 and gave the stock a “hold” rating in a report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Newell Brands presently has a consensus rating of “Hold” and an average price target of $8.80.

Read Our Latest Stock Analysis on Newell Brands

Newell Brands Company Profile

(Get Free Report)

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.

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