Newell Brands (NASDAQ:NWL) Releases Q4 2024 Earnings Guidance

Newell Brands (NASDAQ:NWL) issued an update on its fourth quarter 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 0.110-0.140 for the period, compared to the consensus estimate of 0.130. The company issued revenue guidance of $1.9 billion-$2.0 billion, compared to the consensus revenue estimate of $2.0 billion. Newell Brands also updated its FY 2024 guidance to 0.630-0.660 EPS.

Analyst Ratings Changes

NWL has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price target on shares of Newell Brands from $6.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. Royal Bank of Canada increased their target price on Newell Brands from $7.50 to $9.50 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. reduced their price target on Newell Brands from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft upped their price objective on Newell Brands from $8.00 to $9.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Finally, Canaccord Genuity Group raised their target price on Newell Brands from $10.00 to $12.00 and gave the company a “buy” rating in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $8.80.

Newell Brands Stock Down 1.9 %

Newell Brands stock opened at $7.18 on Friday. Newell Brands has a fifty-two week low of $5.39 and a fifty-two week high of $9.24. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of -11.05, a price-to-earnings-growth ratio of 1.31 and a beta of 0.91. The stock’s fifty day moving average is $7.41 and its two-hundred day moving average is $7.31. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.51 and a current ratio of 0.98.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings data on Friday, July 26th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.15. Newell Brands had a negative net margin of 3.43% and a positive return on equity of 13.04%. The firm had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the prior year, the company earned $0.24 EPS. The firm’s revenue was down 7.8% on a year-over-year basis. Analysts predict that Newell Brands will post 0.65 EPS for the current fiscal year.

Newell Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a $0.07 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.28 annualized dividend and a dividend yield of 3.90%. Newell Brands’s dividend payout ratio is presently -43.08%.

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.