Analysts forecast that Newell Brands Inc. (NYSE:NWL) will report $3.79 billion in sales for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for Newell Brands’ earnings. The highest sales estimate is $3.89 billion and the lowest is $3.74 billion. Newell Brands posted sales of $4.14 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 8.5%. The firm is scheduled to issue its next earnings report on Monday, February 5th.

According to Zacks, analysts expect that Newell Brands will report full-year sales of $3.79 billion for the current fiscal year, with estimates ranging from $14.74 billion to $14.89 billion. For the next financial year, analysts expect that the company will post sales of $14.65 billion per share, with estimates ranging from $14.41 billion to $15.00 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Newell Brands.

Newell Brands (NYSE:NWL) last released its earnings results on Thursday, November 2nd. The company reported $0.86 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.06). The company 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 revenue for the quarter was down 7.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.78 EPS.

NWL has been the subject of several research analyst reports. Jefferies Group reissued a “hold” rating and issued a $47.00 target price on shares of Newell Brands in a research report on Thursday, October 19th. Citigroup lowered their price objective on shares of Newell Brands from $63.00 to $42.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. Raymond James Financial reaffirmed a “market perform” rating on shares of Newell Brands in a research report on Friday, November 3rd. TheStreet downgraded shares of Newell Brands from a “b-” rating to a “c+” rating in a research report on Tuesday, November 14th. Finally, Morgan Stanley lowered their price objective on shares of Newell Brands from $54.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $49.57.

In related news, CEO Michael B. Polk purchased 5,000 shares of Newell Brands stock in a transaction dated Wednesday, September 13th. The stock was bought at an average cost of $43.61 per share, with a total value of $218,050.00. Following the purchase, the chief executive officer now owns 609,296 shares in the company, valued at approximately $26,571,398.56. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Michael B. Polk purchased 7,000 shares of Newell Brands stock in a transaction dated Monday, November 20th. The stock was bought at an average cost of $28.22 per share, with a total value of $197,540.00. Following the completion of the purchase, the chief executive officer now owns 616,296 shares in the company, valued at approximately $17,391,873.12. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 14,100 shares of company stock valued at $507,255. Company insiders own 0.97% of the company’s stock.

Several large investors have recently modified their holdings of the company. BDO Wealth Advisors LLC bought a new stake in shares of Newell Brands in the 2nd quarter worth approximately $107,000. Parkside Investments LLC bought a new stake in shares of Newell Brands in the 3rd quarter worth approximately $107,000. Harfst & Associates Inc. raised its holdings in shares of Newell Brands by 14.4% in the 2nd quarter. Harfst & Associates Inc. now owns 2,502 shares of the company’s stock worth $134,000 after purchasing an additional 315 shares in the last quarter. BB&T Investment Services Inc. bought a new stake in shares of Newell Brands in the 2nd quarter worth approximately $143,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Newell Brands by 52.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,164 shares of the company’s stock worth $169,000 after purchasing an additional 1,088 shares in the last quarter. 94.40% of the stock is owned by institutional investors.

Newell Brands (NYSE NWL) traded up $0.54 on Monday, hitting $31.51. 9,404,400 shares of the stock traded hands, compared to its average volume of 4,747,198. The company has a market cap of $15,443.05, a P/E ratio of 10.98, a P/E/G ratio of 1.27 and a beta of 1.10. Newell Brands has a one year low of $27.45 and a one year high of $55.08. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.46 and a quick ratio of 0.86.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Wednesday, November 29th. Newell Brands’s dividend payout ratio is currently 35.52%.

Newell Brands announced that its Board of Directors has authorized a share repurchase program on Tuesday, September 26th that authorizes the company to repurchase $256.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 1.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

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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.

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

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