Newell Brands (NWL) Expected to Announce Earnings on Friday

Newell Brands (NASDAQ:NWL) is anticipated to release its earnings data before the market opens on Friday, February 7th. Analysts expect Newell Brands to post earnings of $0.14 per share and revenue of $1.96 billion for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Newell Brands Price Performance

Newell Brands stock opened at $9.69 on Wednesday. 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 business’s 50 day simple moving average is $10.19 and its 200 day simple moving average is $8.64. Newell Brands has a 12 month low of $5.39 and a 12 month high of $11.78. The company has a market cap of $4.03 billion, a price-to-earnings ratio of -16.15, a PEG ratio of 1.12 and a beta of 0.89.

Newell Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.89%. Newell Brands’s dividend payout ratio is presently -46.67%.

Analyst Ratings Changes

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

Insider Activity at Newell Brands

In related 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 value of $240,666.33. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.61% of the stock is currently owned by insiders.

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.