Newell Brands (NWL) to Release Quarterly Earnings on Friday

Newell Brands (NASDAQ:NWL) is expected to post its quarterly earnings results 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. Parties interested in registering for the company’s conference call can do so using this link.

Newell Brands Stock Up 1.0 %

Shares of Newell Brands stock opened at $9.69 on Wednesday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.50 and a current ratio of 0.99. Newell Brands has a 52-week low of $5.39 and a 52-week high of $11.78. The company’s 50 day moving average price is $10.19 and its 200-day moving average price is $8.64. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of -16.15, a P/E/G ratio of 1.12 and a beta of 0.89.

Newell Brands Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Canaccord Genuity Group increased their target price on shares of Newell Brands from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Friday, December 6th. JPMorgan Chase & Co. lifted their price objective on Newell Brands from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Barclays upped their target price on Newell Brands from $10.00 to $11.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Truist Financial upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and lifted their price target for the company from $10.00 to $17.00 in a report on Monday, December 9th. Finally, UBS Group upped their price objective on shares of Newell Brands from $9.50 to $10.50 and gave the stock a “neutral” rating in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Newell Brands currently has an average rating of “Hold” and a consensus target price of $10.70.

Insider Activity at Newell Brands

In other Newell Brands news, insider Tracy L. Platt sold 23,343 shares of Newell Brands 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 Securities & Exchange Commission, which is accessible through this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

About Newell Brands

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.