Newell Brands (NASDAQ:NWL) Posts Quarterly Earnings Results

Newell Brands (NASDAQ:NWL) issued its earnings results on Friday. The company reported ($0.07) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.07), Yahoo Finance reports. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.64 billion. Newell Brands had a positive return on equity of 10.24% and a negative net margin of 4.77%. The business’s revenue was down 5.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.06) earnings per share.

Newell Brands Trading Up 12.2 %

Shares of NASDAQ:NWL traded up $0.85 during midday trading on Friday, reaching $7.79. 9,823,407 shares of the company’s stock traded hands, compared to its average volume of 3,539,482. The company has a current ratio of 1.16, a quick ratio of 0.63 and a debt-to-equity ratio of 1.47. Newell Brands has a one year low of $6.49 and a one year high of $12.31. The stock has a 50 day moving average of $7.49 and a 200 day moving average of $7.74.

Newell Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend was Wednesday, February 28th. Newell Brands’s payout ratio is currently -38.89%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on NWL shares. Morgan Stanley dropped their price objective on Newell Brands from $8.50 to $7.75 and set an “equal weight” rating on the stock in a report on Monday, February 12th. JPMorgan Chase & Co. increased their price objective on Newell Brands from $7.00 to $9.00 and gave the stock a “neutral” rating in a report on Tuesday, January 9th. Citigroup dropped their price objective on Newell Brands from $9.00 to $7.50 and set a “neutral” rating on the stock in a report on Monday, February 12th. Royal Bank of Canada dropped their price objective on Newell Brands from $9.00 to $7.50 and set a “sector perform” rating on the stock in a report on Monday, February 12th. Finally, Raymond James cut Newell Brands from an “outperform” rating to a “market perform” rating in a report on Monday, February 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $9.13.

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.