Seven analysts have made estimates for Newell Brands' earnings, with the highest EPS estimate coming in at $0.78 and the lowest estimate coming in at $0.73. Newell Brands Inc. (NWL) maintained activity of 6.13 million shares that trade hands on average basis while its relative volume is 1.95. In terms of volatility, shares have been noted at 3.33% for the week, and 2.75% for the past month. Icon Advisers Inc sold 15,000 shares as the company's stock rose 13.21% with the market. Zacks' earnings per share averages are an average based on a survey of research analysts that that provide coverage for Newell Brands.
Newell Brands (NYSE:NWL) last posted its earnings results on Thursday, November 2nd. The analysts estimated mean EPS at 0.36 while the high and low EPS estimate stand at 0.38 and 0.32 respectively. The company had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.71 billion. New York-based Silvercrest Asset Mngmt Ltd Liability Company has invested 0.22% in Newell Brands Inc (NYSE:NWL). Newell Brands's quarterly revenue was down 7.0% compared to the same quarter previous year. They expect $0.26 EPS, up 116.77% or $1.81 from last year's $-1.55 per share.
NWL has been the subject of several analyst reports. On November 3, 2017 Raymond James Financial maintained a "Market Perform" rating on the company. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating. Finally, J P Morgan Chase & Co decreased their target price on shares of Newell Brands from $58.00 to $56.00 and set an "overweight" rating on the stock in a research report on Thursday, September 21st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. Wall Street is only getting more bullish on the stock, with 10 of analysts who cover NWL having a buy-equivalent rating. The company has a consensus rating of "Hold" and an average target price of $49.57. The institutional investor held 48,265 shares of the precious metals company at the end of 2017Q2, valued at $555,000, down from 118,265 at the end of the previous reported quarter. The recent price momentum makes it one stock to watch in recent days. Corporate insiders own 0.97% of the company's stock.
In related news, CEO Michael B. Polk purchased 5,000 shares of the company's stock in a transaction that occurred on Wednesday, September 13th. The stock was acquired at an average price of $43.60 per share, for a total transaction of $87,200.00. The disclosure for this purchase can be found here. Wells Fargo downgraded the stock to "Market Perform" rating in Monday, May 1 report. Keybank Association Oh has invested 0.04% in Newell Brands Inc (NYSE:NWL). Seven Bridges Advisors LLC purchased a new stake in Newell Rubbermaid during the second quarter valued at about $137,000.
Let's have a look at some of the important valuation ratios of the Newell Brands Inc. QS Investors LLC now owns 6,040 shares of the company's stock valued at $324,000 after buying an additional 68 shares in the last quarter. Short interest grew 1,738,868 over that period. After the latest session, which saw the stock close at a price of $29.30, NWL sits below its 52-week high. Penserra Capital Management LLC now owns 4,160 shares of the company's stock worth $223,000 after acquiring an additional 66 shares during the last quarter. The Newell Brands Inc. has Relative Strength Index (RSI 14) of 18.53 along with Average True Range (ATR 14) of 1.39. The 20-day Stochastic %k measure, which sits at 5.43%, tells a similar story, and suggests that NWL now trades in oversold territory. Checking in on some other ratios, the company has a Price to Cash Flow ratio of 16.003482, and a current Price to Earnings ratio of 11.694022.
Newell Brands announced that its Board of Directors has initiated a share buyback program on Tuesday, September 26th that permits the company to repurchase $256.00 million in shares. (NYSE:NWL) stock has been one of the most talked about matter among the interested investors. Traders may use the indicator to determine stock trends or to identify overbought/oversold conditions.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a $0.23 dividend. (NYSE:NWL) has a Shareholder Yield of 0.012907 and a Shareholder Yield (Mebane Faber) of 0.10175. The ex-dividend date of this dividend is Wednesday, November 29th. Newell Brands's payout ratio is 35.52%.
Newell Brands Inc is a marketer of consumer and commercial products.
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Newell Brands is a leading global consumer goods company with a strong portfolio of well-known brands, including Paper Mate, Sharpie, Dymo, EXPO, Parker, Elmers, Coleman, Jostens, Marmot, Rawlings, Oster, Sunbeam, FoodSaver, Mr.