FY2017 EPS Estimates for Newell Rubbermaid Inc. (NWL) Boosted by Gabelli
Newell Rubbermaid Inc. (NYSE:NWL) – Equities researchers at Gabelli lifted their FY2017 EPS estimates for Newell Rubbermaid in a research report issued on Wednesday. Gabelli analyst Z. Bodini now expects that the firm will post earnings of $3.15 per share for the year, up from their prior forecast of $3.05. Gabelli also issued estimates for Newell Rubbermaid’s FY2018 earnings at $3.70 EPS.
A number of other analysts have also recently weighed in on NWL. Citigroup Inc. reaffirmed a “buy” rating and set a $61.00 price target on shares of Newell Rubbermaid in a research report on Tuesday, August 2nd. RBC Capital Markets reaffirmed a “buy” rating on shares of Newell Rubbermaid in a research report on Monday, August 1st. Deutsche Bank AG upped their price target on shares of Newell Rubbermaid from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, August 1st. Zacks Investment Research raised shares of Newell Rubbermaid from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research report on Monday, August 1st. Finally, B. Riley reaffirmed a “buy” rating and set a $60.00 price target on shares of Newell Rubbermaid in a research report on Monday, August 1st. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Newell Rubbermaid currently has a consensus rating of “Buy” and a consensus price target of $57.50.
Newell Rubbermaid (NYSE:NWL) traded down 0.34% during mid-day trading on Thursday, hitting $52.39. The stock had a trading volume of 1,695,405 shares. The stock has a market cap of $25.26 billion, a P/E ratio of 50.81 and a beta of 1.18. Newell Rubbermaid has a one year low of $33.26 and a one year high of $55.45. The company has a 50 day moving average price of $52.51 and a 200 day moving average price of $48.97.
Newell Rubbermaid (NYSE:NWL) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.06. Newell Rubbermaid had a return on equity of 18.55% and a net margin of 3.91%. The company had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same period last year, the firm earned $0.64 earnings per share. Newell Rubbermaid’s quarterly revenue was up 147.2% on a year-over-year basis.
Large investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services Inc raised its stake in Newell Rubbermaid by 15.8% in the first quarter. Commonwealth Equity Services Inc now owns 23,518 shares of the company’s stock valued at $1,042,000 after buying an additional 3,209 shares during the period. Ngam Advisors L.P. raised its stake in Newell Rubbermaid by 53.7% in the first quarter. Ngam Advisors L.P. now owns 32,071 shares of the company’s stock valued at $1,421,000 after buying an additional 11,210 shares during the period. Bessemer Group Inc. raised its stake in Newell Rubbermaid by 5.4% in the first quarter. Bessemer Group Inc. now owns 2,737,675 shares of the company’s stock valued at $121,252,000 after buying an additional 140,360 shares during the period. ING Groep NV acquired a new stake in Newell Rubbermaid during the first quarter valued at $271,000. Finally, Aviva PLC raised its stake in Newell Rubbermaid by 3.6% in the first quarter. Aviva PLC now owns 137,247 shares of the company’s stock valued at $6,079,000 after buying an additional 4,800 shares during the period. Hedge funds and other institutional investors own 93.12% of the company’s stock.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were given a dividend of $0.19 per share. The ex-dividend date was Monday, August 29th. This represents a $0.76 annualized dividend and a dividend yield of 1.45%. Newell Rubbermaid’s payout ratio is 76.00%.
About Newell Rubbermaid
Newell Brands Inc, formerly Newell Rubbermaid Inc, is a global consumer goods company. The Company’s brands consists of Paper Mate, Sharpie, Dymo, EXPO, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Irwin, Lenox, Oster, Sunbeam, FoodSaver, Mr. Coffee, Rubbermaid Commercial Products, Graco, Baby Jogger, NUK, Calphalon, Rubbermaid, Contigo, First Alert, Waddington and Yankee Candle.
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