Newell Brands Inc. (NYSE:NWL) – Investment analysts at Forward View lowered their FY2017 earnings estimates for Newell Brands in a research note issued on Sunday. Forward View analyst N. Yates now forecasts that the company will post earnings per share of $2.83 for the year, down from their prior estimate of $3.03. Forward View has a “Buy” rating and a $35.00 price objective on the stock. Forward View also issued estimates for Newell Brands’ Q4 2017 earnings at $0.76 EPS and Q2 2018 earnings at $0.97 EPS.

Newell Brands (NYSE:NWL) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.86 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.06). The business had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.71 billion. Newell Brands had a return on equity of 11.52% and a net margin of 8.34%. Newell Brands’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.78 earnings per share.

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NWL has been the topic of several other reports. Morgan Stanley dropped their price target on Newell Brands from $54.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, November 3rd. Royal Bank Of Canada restated a “top pick” rating and set a $60.00 price target on shares of Newell Brands in a research report on Tuesday, August 29th. Jefferies Group LLC restated a “buy” rating and set a $65.00 price target (down from $66.00) on shares of Newell Brands in a research report on Monday, August 7th. Zacks Investment Research lowered Newell Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, September 19th. Finally, BMO Capital Markets dropped their price target on Newell Brands from $45.00 to $32.00 and set a “market perform” rating on the stock in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $50.07.

Shares of Newell Brands (NWL) opened at $30.65 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.46 and a quick ratio of 0.86. Newell Brands has a 1 year low of $29.70 and a 1 year high of $55.08. The firm has a market capitalization of $14,950.00, a P/E ratio of 10.72, a PEG ratio of 1.00 and a beta of 1.20.

Newell Brands declared that its board has authorized a stock buyback program on Tuesday, September 26th that allows the company to repurchase $256.00 million in shares. This repurchase authorization allows the company to buy up to 1.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

In related news, CEO Michael B. Polk bought 5,000 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were acquired at an average cost of $43.61 per share, with a total value of $218,050.00. Following the completion of the acquisition, the chief executive officer now owns 609,296 shares of the company’s stock, valued at approximately $26,571,398.56. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Scott S. Cowen bought 2,000 shares of the company’s stock in a transaction on Monday, September 11th. The stock was bought at an average cost of $43.60 per share, for a total transaction of $87,200.00. Following the completion of the acquisition, the director now directly owns 87,883 shares of the company’s stock, valued at approximately $3,831,698.80. The disclosure for this purchase can be found here. Insiders acquired 7,100 shares of company stock worth $309,715 over the last three months. Corporate insiders own 0.97% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in NWL. Bank of New York Mellon Corp raised its stake in shares of Newell Brands by 112.5% in the second quarter. Bank of New York Mellon Corp now owns 13,850,876 shares of the company’s stock worth $742,686,000 after purchasing an additional 7,331,309 shares during the last quarter. Jennison Associates LLC purchased a new position in shares of Newell Brands in the second quarter worth $124,839,000. Ameriprise Financial Inc. raised its stake in shares of Newell Brands by 28.1% in the second quarter. Ameriprise Financial Inc. now owns 7,796,439 shares of the company’s stock worth $417,953,000 after purchasing an additional 1,709,917 shares during the last quarter. FIL Ltd purchased a new position in shares of Newell Brands in the second quarter worth $76,301,000. Finally, Vanguard Group Inc. raised its stake in shares of Newell Brands by 2.8% in the second quarter. Vanguard Group Inc. now owns 47,877,545 shares of the company’s stock worth $2,567,193,000 after purchasing an additional 1,305,820 shares during the last quarter. 92.03% of the stock is currently owned by institutional investors and hedge funds.

Newell Brands Company Profile

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.

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

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