Wall Street brokerages forecast that Newell Brands Inc (NYSE:NWL) will post sales of $3.72 billion for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for Newell Brands’ earnings, with the lowest sales estimate coming in at $3.62 billion and the highest estimate coming in at $3.81 billion. Newell Brands posted sales of $4.14 billion during the same quarter last year, which would indicate a negative year over year growth rate of 10.1%. The business is expected to announce its next earnings report before the market opens on Friday, February 16th.

On average, analysts expect that Newell Brands will report full-year sales of $3.72 billion for the current financial year, with estimates ranging from $14.62 billion to $14.81 billion. For the next year, analysts anticipate that the company will report sales of $14.51 billion per share, with estimates ranging from $14.05 billion to $15.00 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Newell Brands.

Several equities research analysts recently issued reports on NWL shares. KeyCorp restated a “buy” rating and set a $32.00 price objective (down from $40.00) on shares of Newell Brands in a research report on Monday, January 29th. FIX restated a “hold” rating and set a $23.00 price objective on shares of Newell Brands in a research report on Thursday, February 8th. Jefferies Group restated a “hold” rating and set a $32.00 price objective on shares of Newell Brands in a research report on Thursday, January 25th. JPMorgan Chase & Co. cut shares of Newell Brands from an “overweight” rating to a “neutral” rating and raised their price objective for the stock from $56.00 to $63.00 in a research report on Thursday, November 2nd. Finally, Oppenheimer restated a “hold” rating and set a $42.00 price objective on shares of Newell Brands in a research report on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $39.18.

Newell Brands (NYSE:NWL) traded down $0.70 during trading on Friday, reaching $26.60. 7,935,511 shares of the company traded hands, compared to its average volume of 12,100,000. Newell Brands has a 52-week low of $23.85 and a 52-week high of $55.08. The firm has a market capitalization of $13,040.00, a PE ratio of 10.27, a P/E/G ratio of 1.31 and a beta of 0.89. The company has a current ratio of 1.46, a quick ratio of 0.86 and a debt-to-equity ratio of 0.80.

Newell Brands announced that its Board of Directors has authorized a share repurchase plan on Thursday, November 2nd that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

In related news, CEO Michael B. Polk purchased 7,000 shares of the company’s stock in a transaction on Monday, November 20th. The stock was acquired at an average cost of $28.22 per share, for a total transaction of $197,540.00. Following the completion of the transaction, the chief executive officer now directly owns 616,296 shares in the company, valued at $17,391,873.12. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.97% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in NWL. OppenheimerFunds Inc. increased its position in shares of Newell Brands by 211.5% during the fourth quarter. OppenheimerFunds Inc. now owns 5,210,352 shares of the company’s stock valued at $161,001,000 after acquiring an additional 3,537,489 shares during the last quarter. Lord Abbett & CO. LLC increased its position in shares of Newell Brands by 57.4% during the second quarter. Lord Abbett & CO. LLC now owns 3,200,022 shares of the company’s stock valued at $171,585,000 after acquiring an additional 1,167,393 shares during the last quarter. Westchester Capital Management LLC acquired a new stake in shares of Newell Brands during the third quarter valued at about $41,012,000. Jennison Associates LLC grew its holdings in shares of Newell Brands by 33.3% in the third quarter. Jennison Associates LLC now owns 3,103,400 shares of the company’s stock valued at $132,422,000 after purchasing an additional 775,189 shares in the last quarter. Finally, Coronation Fund Managers Ltd. acquired a new position in shares of Newell Brands in the fourth quarter valued at approximately $22,639,000. Institutional investors and hedge funds own 91.23% of the company’s stock.

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

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