Newell Brands (NYSE:NWL) updated its third quarter earnings guidance on Friday. The company provided EPS guidance of $0.55-0.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.52. The company issued revenue guidance of $2.42-2.47 billion, compared to the consensus revenue estimate of $2.23 billion.Newell Brands also updated its FY 2019 guidance to $1.50-1.65 EPS.
A number of research firms recently issued reports on NWL. Wells Fargo & Co reaffirmed a buy rating on shares of Newell Brands in a research report on Wednesday. Zacks Investment Research raised Newell Brands from a sell rating to a hold rating in a research report on Tuesday, April 23rd. Finally, Consumer Edge began coverage on Newell Brands in a report on Wednesday, July 3rd. They set a hold rating for the company. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Newell Brands has an average rating of Hold and a consensus target price of $20.80.
Newell Brands stock traded up $1.91 during midday trading on Friday, reaching $15.34. 20,652,034 shares of the company’s stock were exchanged, compared to its average volume of 6,116,618. Newell Brands has a 52 week low of $13.04 and a 52 week high of $27.04. The company has a current ratio of 2.98, a quick ratio of 2.53 and a debt-to-equity ratio of 1.54. The company has a market cap of $6.49 billion, a price-to-earnings ratio of 5.58, a price-to-earnings-growth ratio of 3.82 and a beta of 0.90. The firm has a 50-day moving average price of $14.83.
About Newell Brands
Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company's Live segment offers household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products, fresh preserving products, and home fragrance products; and baby gear, infant care, and health products primarily under Aprica, Baby Jogger, Ball, Calphalon, Chesapeake Bay Candle, Crock-Pot, FoodSaver, Graco, Mr.
Further Reading: Diversification
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