Newell Brands Inc. has 490.4 million shares outstanding, and in the last trade has seen ATR around 1.17. Bank of New York Mellon Corp grew its stake in shares of Newell Brands by 112.5% in the second quarter. BidaskClub lowered shares of Newell Brands from a "buy" rating to a "hold" rating in a research report on Thursday, July 13th. At the time of writing, Newell Brands Inc. Zacks Investment Research cut shares of Newell Brands from a "buy" rating to a "hold" rating in a report on Thursday, April 20th. For long term investors, the current target price is 37.29, giving you growth from the current price of $28.20. The correct version of this news story can be accessed at https://www.truebluetribune.com/2017/11/24/q1-2018-earnings-forecast-for-newell-brands-inc-nwl-issued-by-forward-view.html.
While looking at the Stock's Performance, Newell Brands Inc. now shows a Weekly Performance of -0.25%, where Monthly Performance is -30.35%, Quarterly performance is -42.55%, 6 Months performance is -47.04% and yearly performance percentage is -41.2%. The volume of NWL witnessed a shift from 7.66 million shares, based on a 50-day average, to 6.68 million shares. The company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.29 by $0.05. Newell Brands had a return on equity of 11.52% and a net margin of 8.34%.
According to 11 analysts, the Average Revenue Estimate for the current Fiscal quarter is $3.8 Billion and the Low Revenue estimate is $3.7 Billion, while the High Revenue estimate is $4.02 Billion.
Analysts believe that the company has the potential to earn average revenue of $3.8 Billion for the current quarter.
Newell Brands Inc. most recently reported earnings per share (EPS) of $0.86 for the September 2017 versus $0.78 in the same quarter previous year, representing 10% growth. To cut down amount of noise on price chart, shares of firm has 20 days moving average price of -16.06% from last close price of 27.97 and act as support or resistance of price limit. This repurchase authorization authorizes the company to reacquire up to 1.3% of its shares through open market purchases. The PEG ratio shows us that, when compare to the beer company, the always-popular tech company doesn't have the growth rate to justify its higher P/E, and its stock price appears overvalued.
Pictet Asset Management Ltd. lessened its holdings in Newell Brands Inc. The rating was maintained by BMO Capital Markets with "Market Perform" on Thursday, September 21. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & global copyright legislation. Korea Invest Corporation has invested 0.18% in Newell Brands Inc (NYSE:NWL).
In other Newell Brands news, CEO Michael B. Polk bought 7,000 shares of Newell Brands stock in a transaction that occurred on Monday, November 20th.
A trend analysis is a method of analysis that allows traders to foresee what will come about with a stock in upcoming days. Following the sale, the director now owns 66,286 shares in the company, valued at $3,479,352.14. (NYSE:NWL) by 2.07% during the September 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. Newell Brands's payout ratio is 35.52%. The shares were sold at an average price of $48.34, for a total transaction of $16,435,600.00. The disclosure for this purchase can be found here. Growth in EPS is an important measure of administration performance because it shows how much money the company is making for it's investors or shareholders, not only because of changes in profit, but also after all the effects of issuance of new shares (this is especially important when the growth comes as a result of acquisition).
A number of hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC purchased a new position in Newell Brands during the fourth quarter valued at approximately $105,000. Vanguard Group Inc. now owns 47,877,545 shares of the company's stock valued at $2,567,193,000 after acquiring an additional 1,305,820 shares in the last quarter.
Ever wonder how investors predict positive share price momentum? Capital World Investors now owns 31,195,887 shares of the company's stock worth $1,672,723,000 after buying an additional 610,973 shares during the last quarter. Texas Permanent School Fund holds 0.1% or 135,738 shares in its portfolio. PDCO stock makes a change of 1.41 in a total of its share price. Zions Bancorporation boosted its position in Newell Brands by 1.6% in the fourth quarter. Over the last quarter, insiders purchased 14,100 shares of company stock valued at $507,255. Jennison Associates LLC acquired a new position in shares of Newell Brands in the second quarter valued at about $124,839,000.