Newell Rubbermaid Inc. (NYSE:NWL) – Stock analysts at Gabelli reduced their FY2017 earnings estimates for Newell Rubbermaid in a research note issued on Thursday. Gabelli analyst Z. Bodini now forecasts that the brokerage will earn $3.05 per share for the year, down from their previous estimate of $3.15. Gabelli also issued estimates for Newell Rubbermaid’s FY2018 earnings at $3.55 EPS.

A number of other equities research analysts also recently weighed in on the stock. B. Riley restated a “buy” rating and issued a $60.00 price target on shares of Newell Rubbermaid in a research note on Monday, October 10th. Bank of America Corp. set a $60.00 target price on shares of Newell Rubbermaid and gave the stock a “buy” rating in a research report on Tuesday, October 4th. Jefferies Group reiterated a “buy” rating and set a $66.00 target price on shares of Newell Rubbermaid in a research report on Tuesday, October 4th. Zacks Investment Research upgraded shares of Newell Rubbermaid from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Monday, October 3rd. Finally, Citigroup Inc. reiterated a “buy” rating and set a $61.00 target price on shares of Newell Rubbermaid in a research report on Tuesday, August 2nd. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Newell Rubbermaid currently has an average rating of “Buy” and a consensus target price of $57.50.

Earnings History and Estimates for Newell Rubbermaid (NYSE:NWL)

Newell Rubbermaid (NYSE:NWL) traded up 0.67% during midday trading on Monday, hitting $52.76. The company had a trading volume of 810,724 shares. The stock has a market capitalization of $25.44 billion, a PE ratio of 51.17 and a beta of 1.18. The stock has a 50 day moving average price of $52.02 and a 200-day moving average price of $49.43. Newell Rubbermaid has a 52 week low of $33.26 and a 52 week high of $55.45.

Newell Rubbermaid (NYSE:NWL) last released its quarterly earnings data on Friday, July 29th. The company reported $0.78 EPS for the quarter, beating the 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 posted $0.64 earnings per share. Newell Rubbermaid’s revenue was up 147.2% compared to the same quarter last year.

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Newell Rubbermaid by 82.8% in the second quarter. Vanguard Group Inc. now owns 41,447,370 shares of the company’s stock worth $2,013,099,000 after buying an additional 18,777,228 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Newell Rubbermaid by 522.7% in the second quarter. JPMorgan Chase & Co. now owns 10,063,286 shares of the company’s stock worth $488,773,000 after buying an additional 8,447,137 shares during the period. State Street Corp raised its stake in shares of Newell Rubbermaid by 62.7% in the second quarter. State Street Corp now owns 17,186,871 shares of the company’s stock worth $834,765,000 after buying an additional 6,623,143 shares during the period. FMR LLC raised its stake in shares of Newell Rubbermaid by 68.1% in the second quarter. FMR LLC now owns 11,131,628 shares of the company’s stock worth $540,663,000 after buying an additional 4,508,366 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its stake in shares of Newell Rubbermaid by 64.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 11,472,555 shares of the company’s stock worth $557,222,000 after buying an additional 4,478,591 shares during the period. Institutional investors own 93.12% of the company’s stock.

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.

5 Day Chart for NYSE:NWL

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