Newell Brands (NASDAQ:NWL – Get Free Report) released its earnings results on Friday. The company reported ($0.07) EPS for the quarter, hitting the consensus estimate of ($0.07), Yahoo Finance reports. Newell Brands had a positive return on equity of 10.24% and a negative net margin of 4.77%. The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the firm posted ($0.06) earnings per share. The firm’s revenue was down 5.8% on a year-over-year basis.
Newell Brands Stock Performance
NASDAQ NWL traded up $0.82 during trading on Friday, hitting $7.76. 5,599,462 shares of the company’s stock traded hands, compared to its average volume of 5,050,187. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.63 and a current ratio of 1.16. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of -8.28, a PEG ratio of 1.39 and a beta of 0.95. Newell Brands has a 12-month low of $6.49 and a 12-month high of $12.31. The business has a 50 day moving average of $7.48 and a 200-day moving average of $7.73.
Newell Brands Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend was Wednesday, February 28th. Newell Brands’s dividend payout ratio (DPR) is currently -29.47%.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on NWL
Newell Brands Company Profile
Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.
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