Earnings results for Newell Brands (NASDAQ:NWL)
Newell Brands Inc. is expected* to report earnings on 02/12/2021 before market open. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 7 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.48. The reported EPS for the same quarter last year was $0.42.
Newell Brands last announced its earnings data on November 4th, 2020. The reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.40. The firm earned $2.70 billion during the quarter, compared to analyst estimates of $2.48 billion. Its quarterly revenue was up 5.1% on a year-over-year basis. Newell Brands has generated $1.70 earnings per share over the last year. Newell Brands has confirmed that its next quarterly earnings report will be published on Friday, February 12th, 2021. Newell Brands will be holding an earnings conference call on Friday, February 12th. Interested parties can register for or listen to the call using this link.
Analyst Opinion on Newell Brands (NASDAQ:NWL)
10 Wall Street analysts have issued ratings and price targets for Newell Brands in the last 12 months. Their average twelve-month price target is $20.00, predicting that the stock has a possible downside of 23.22%. The high price target for NWL is $28.00 and the low price target for NWL is $10.00. There are currently 2 sell ratings, 5 hold ratings and 3 buy ratings for the stock, resulting in a consensus rating of “Hold.”
Newell Brands has received a consensus rating of Hold. The company’s average rating score is 2.10, and is based on 3 buy ratings, 5 hold ratings, and 2 sell ratings. According to analysts’ consensus price target of $20.00, Newell Brands has a forecasted downside of 23.2% from its current price of $26.05. Newell Brands has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Dividend Strength: Newell Brands (NASDAQ:NWL)
Newell Brands pays a meaningful dividend of 3.51%, higher than the bottom 25% of all stocks that pay dividends. Newell Brands does not have a long track record of dividend growth. The dividend payout ratio of Newell Brands is 54.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Newell Brands will have a dividend payout ratio of 54.12% next year. This indicates that Newell Brands will be able to sustain or increase its dividend.
Insiders buying/selling: Newell Brands (NASDAQ:NWL)
In the past three months, Newell Brands insiders have not sold or bought any company stock. Only 0.59% of the stock of Newell Brands is held by insiders. 86.50% of the stock of Newell Brands is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Newell Brands (NASDAQ:NWL
Earnings for Newell Brands are expected to decrease by -0.58% in the coming year, from $1.71 to $1.70 per share. The P/E ratio of Newell Brands is -100.19, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Newell Brands is -100.19, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Newell Brands has a PEG Ratio of 5.05. PEG Ratios above 1 indicate that a company could be overvalued. Newell Brands has a P/B Ratio of 2.21. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
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