Newell Brands (NWL) Getting Somewhat Positive News Coverage, Analysis Finds
News stories about Newell Brands (NYSE:NWL) have trended somewhat positive on Sunday, Accern Sentiment reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Newell Brands earned a news impact score of 0.10 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.6957416216016 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Up to Date Stock in Review: Newell Brands Inc. (NYSE:NWL), Amarin Corporation plc (NASDAQ:AMRN), United … – Market Breaking Point (press release) (journalfinance.net)
- Newell Brands : Goodacre wins second annual Rawlings Gold Glove Award for Softball (4-traders.com)
- Newell Brands In Set to Possibly Pullback After Yesterday’s Rally of 1.06% (mysmartrend.com)
- The AT Bancorp Sells 22039 Shares of Newell Brands Inc. (NYSE:NWL) (expressnewsline.com)
NWL has been the subject of a number of recent analyst reports. UBS AG set a $60.00 price objective on Newell Brands and gave the stock a “buy” rating in a research note on Tuesday, May 9th. Jefferies Group LLC upped their price objective on Newell Brands from $61.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, May 9th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Newell Brands in a research note on Saturday, April 22nd. BidaskClub raised Newell Brands from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Finally, Zacks Investment Research raised Newell Brands from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Saturday, July 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $58.07.
Shares of Newell Brands (NYSE NWL) traded down 0.98% during trading on Friday, reaching $49.66. The company had a trading volume of 2,958,457 shares. The stock’s 50-day moving average price is $52.25 and its 200-day moving average price is $50.17. Newell Brands has a 52 week low of $43.43 and a 52 week high of $55.08. The company has a market capitalization of $24.34 billion, a PE ratio of 19.83 and a beta of 1.17.
Newell Brands (NYSE:NWL) last posted its quarterly earnings data on Friday, August 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.01. Newell Brands had a return on equity of 11.47% and a net margin of 7.87%. The company had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $3.96 billion. During the same period in the previous year, the firm posted $0.78 EPS. Newell Brands’s revenue was up 5.1% compared to the same quarter last year. On average, equities analysts expect that Newell Brands will post $3.12 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.85%. The ex-dividend date is Tuesday, August 29th. Newell Brands’s payout ratio is 36.95%.
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About Newell Brands
Newell Brands Inc is a marketer of consumer and commercial products. The Company’s segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. Its products are marketed under a portfolio of brands, including Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Mr.
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