Newell Rubbermaid Inc. (NYSE:NWL) – Equities research analysts at Gabelli increased their FY2017 earnings per share (EPS) estimates for shares of Newell Rubbermaid in a research note issued on Wednesday. Gabelli analyst Z. Bodini now anticipates that the brokerage will post earnings per share of $3.15 for the year, up from their previous estimate of $3.05. Gabelli also issued estimates for Newell Rubbermaid’s FY2018 earnings at $3.70 EPS.
A number of other research analysts have also issued reports on NWL. Zacks Investment Research lowered shares of Newell Rubbermaid from a “buy” rating to a “hold” rating in a research report on Monday, June 20th. Jefferies Group reiterated a “buy” rating and set a $59.00 price target on shares of Newell Rubbermaid in a research report on Wednesday, June 29th. B. Riley reiterated a “buy” rating and set a $60.00 price target on shares of Newell Rubbermaid in a research report on Monday, August 1st. Royal Bank Of Canada reiterated a “top pick” rating and set a $60.00 price target on shares of Newell Rubbermaid in a research report on Monday, August 1st. Finally, Deutsche Bank AG increased their price target on shares of Newell Rubbermaid from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, August 1st. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $57.50.
Shares of Newell Rubbermaid (NYSE:NWL) traded down 0.78% during mid-day trading on Thursday, hitting $51.91. 2,903,602 shares of the company’s stock traded hands. The firm has a 50-day moving average of $52.41 and a 200 day moving average of $49.06. Newell Rubbermaid has a 52 week low of $33.26 and a 52 week high of $55.45. The company has a market cap of $25.03 billion, a PE ratio of 50.35 and a beta of 1.18.
Newell Rubbermaid (NYSE:NWL) last issued its earnings results on Friday, July 29th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.72 by $0.06. The company earned $3.86 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Newell Rubbermaid had a net margin of 3.91% and a return on equity of 18.55%. The business’s revenue for the quarter was up 147.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend was Monday, August 29th. Newell Rubbermaid’s payout ratio is currently 76.00%.
Several institutional investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC increased its position in Newell Rubbermaid by 66.6% in the second quarter. Quadrant Capital Group LLC now owns 2,467 shares of the company’s stock valued at $116,000 after buying an additional 986 shares during the last quarter. Seven Bridges Advisors LLC acquired a new position in Newell Rubbermaid during the second quarter valued at about $137,000. Parkside Financial Bank & Trust increased its position in Newell Rubbermaid by 13.2% in the second quarter. Parkside Financial Bank & Trust now owns 2,837 shares of the company’s stock valued at $138,000 after buying an additional 330 shares during the last quarter. FineMark National Bank & Trust acquired a new position in Newell Rubbermaid during the second quarter valued at about $146,000. Finally, NN Investment Partners Holdings N.V. increased its position in Newell Rubbermaid by 56.5% in the second quarter. NN Investment Partners Holdings N.V. now owns 3,101 shares of the company’s stock valued at $151,000 after buying an additional 1,120 shares during the last quarter. 93.12% of the stock is owned by hedge funds and other institutional investors.
Newell Rubbermaid Company Profile
Newell Brands Inc, formerly Newell Rubbermaid Inc, is a global consumer goods company. The Company’s brands consists of Paper Mate, Sharpie, Dymo, EXPO, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Irwin, Lenox, Oster, Sunbeam, FoodSaver, Mr. Coffee, Rubbermaid Commercial Products, Graco, Baby Jogger, NUK, Calphalon, Rubbermaid, Contigo, First Alert, Waddington and Yankee Candle.
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