Oppenheimer Weighs in on Newell Brands Inc’s Q3 2018 Earnings (NWL)

Newell Brands Inc (NYSE:NWL) – Equities research analysts at Oppenheimer decreased their Q3 2018 EPS estimates for shares of Newell Brands in a research note issued on Monday, October 29th. Oppenheimer analyst R. Parikh now anticipates that the company will earn $0.25 per share for the quarter, down from their previous forecast of $0.28. Oppenheimer also issued estimates for Newell Brands’ Q4 2018 earnings at $0.27 EPS and FY2018 earnings at $0.79 EPS.

A number of other research firms have also commented on NWL. Deutsche Bank reduced their price target on Newell Brands to $23.00 and set a “hold” rating on the stock in a research report on Tuesday, August 7th. Citigroup cut their target price on Newell Brands from $36.00 to $29.00 and set a “buy” rating on the stock in a research report on Wednesday, August 8th. Bank of America cut their target price on Newell Brands from $30.00 to $25.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 7th. BMO Capital Markets cut their target price on Newell Brands from $27.00 to $25.00 and set a “hold” rating on the stock in a research report on Wednesday, August 8th. Finally, Jefferies Financial Group cut their target price on Newell Brands from $29.00 to $23.00 and set a “hold” rating on the stock in a research report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $28.82.

NYSE NWL opened at $15.40 on Tuesday. Newell Brands has a 12 month low of $15.11 and a 12 month high of $41.31. The stock has a market capitalization of $7.39 billion, a price-to-earnings ratio of 5.60, a P/E/G ratio of 3.66 and a beta of 0.60. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.74 and a current ratio of 3.17.

Newell Brands (NYSE:NWL) last released its quarterly earnings results on Monday, August 6th. The company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.04. Newell Brands had a return on equity of 9.58% and a net margin of 16.39%. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same quarter in the previous year, the company posted $0.87 EPS. The business’s revenue was down 12.8% on a year-over-year basis.

In other news, Director James Craigie purchased 11,500 shares of the business’s stock in a transaction on Wednesday, August 8th. The shares were acquired at an average price of $21.33 per share, for a total transaction of $245,295.00. Following the completion of the acquisition, the director now owns 14,081 shares in the company, valued at $300,347.73. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael B. Polk purchased 10,000 shares of the business’s stock in a transaction on Monday, August 13th. The stock was purchased at an average price of $20.63 per share, for a total transaction of $206,300.00. Following the acquisition, the chief executive officer now owns 941,951 shares of the company’s stock, valued at approximately $19,432,449.13. The disclosure for this purchase can be found here. 0.97% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the business. Northwest Wealth Management LLC raised its stake in shares of Newell Brands by 5,180.7% in the second quarter. Northwest Wealth Management LLC now owns 4,383 shares of the company’s stock worth $113,000 after purchasing an additional 4,300 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of Newell Brands in the third quarter worth approximately $108,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Newell Brands in the second quarter worth approximately $146,000. Qube Research & Technologies Ltd purchased a new stake in shares of Newell Brands in the second quarter worth approximately $149,000. Finally, BlueMountain Capital Management LLC purchased a new stake in shares of Newell Brands in the second quarter worth approximately $151,000. Institutional investors and hedge funds own 97.83% of the company’s stock.

Newell Brands Company Profile

Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company's Live segment offers household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products, fresh preserving products, and home fragrance products; and baby gear, infant care, and health products primarily under Aprica, Baby Jogger, Ball, Calphalon, Chesapeake Bay Candle, Crock-Pot, FoodSaver, Graco, Mr.

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

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