Newell Brands (NWL) to Release Earnings on Friday

Newell Brands (NASDAQ:NWL) is expected to be issuing its quarterly earnings data before the market opens on Friday, February 7th. Analysts expect the company to announce earnings of $0.14 per share and revenue of $1.96 billion for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Newell Brands Trading Up 1.7 %

Shares of NWL stock opened at $10.46 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of -17.43, a price-to-earnings-growth ratio of 0.89 and a beta of 0.89. Newell Brands has a 12-month low of $5.39 and a 12-month high of $11.78. The stock’s 50-day moving average price is $10.14 and its 200-day moving average price is $8.55.

Newell Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date was Friday, November 29th. Newell Brands’s payout ratio is -46.67%.

Insider Buying and Selling

In other Newell Brands news, insider Tracy L. Platt sold 23,343 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $10.31, for a total transaction of $240,666.33. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Bradford R. Turner sold 20,000 shares of Newell Brands stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $8.96, for a total value of $179,200.00. Following the completion of the transaction, the insider now owns 230,254 shares in the company, valued at $2,063,075.84. This trade represents a 7.99 % decrease in their position. The disclosure for this sale can be found here. 0.58% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NWL. Wells Fargo & Company raised their target price on shares of Newell Brands from $9.00 to $11.00 and gave the company an “equal weight” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. lifted their price objective on shares of Newell Brands from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Barclays upped their target price on shares of Newell Brands from $10.00 to $11.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Canaccord Genuity Group lifted their price target on Newell Brands from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Truist Financial upgraded Newell Brands from a “hold” rating to a “buy” rating and upped their price objective for the company from $10.00 to $17.00 in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Newell Brands currently has a consensus rating of “Hold” and a consensus target price of $10.70.

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.