Newell Brands Inc (NASDAQ:NWL) has a beta value of 0.96 and has seen 1.07 million shares traded in the recent trading session. The company, currently valued at $2.94B, closed the recent trade at $7.06 per share which meant it gained $0.22 on the day or 3.15% during that session. The NWL stock price is -51.84% off its 52-week high price of $10.72 and 23.65% above the 52-week low of $5.39. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.35 million shares traded. The 3-month trading volume is 5.12 million shares.
The consensus among analysts is that Newell Brands Inc (NWL) is Hold stock at the moment, with a recommendation rating of 2.79. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 6 out of 11 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.16.
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Newell Brands Inc (NASDAQ:NWL) trade information
Sporting 3.15% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the NWL stock price touched $7.06 or saw a rise of 9.72%. Year-to-date, Newell Brands Inc shares have moved -18.72%, while the 5-day performance has seen it change -7.04%. Over the past 30 days, the shares of Newell Brands Inc (NASDAQ:NWL) have changed 12.35%. Short interest in the company has seen 18.84 million shares shorted with days to cover at 2.94.
Wall Street analysts have a consensus price target for the stock at $15.5, which means that the shares’ value could jump 54.45% from the levels at last check today. The projected low price target is $8.0 while the price target rests at a high of $28.0. In that case, then, we find that the latest price level in today’s session is -296.6% off the targeted high while a plunge would see the stock gain -13.31% from the levels at last check today.
Newell Brands Inc (NWL) estimates and forecasts
Figures show that Newell Brands Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -3.22% over the past 6 months, with this year growth rate of -18.99%, compared to 4.50% for the industry. Revenue growth from the last financial year stood is estimated to be -6.00%.
9 analysts offering their estimates for the company have set an average revenue estimate of 1.95B for the current quarter. 9 have an estimated revenue figure of 2B for the next ending quarter. Year-ago sales stood 2.05B and 2.08B respectively for this quarter and the next, and analysts expect sales will shrink by -4.60% for the current quarter and -6.00% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 43.59% over the past 5 years. Earnings growth for 2024 is a modest -18.31% while over the next 5 years, the company’s earnings are expected to increase by 6.70%.
NWL Dividends
The forward dividend is 0.28 at a share yield of 3.97%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 5.19%.
Newell Brands Inc (NASDAQ:NWL)’s Major holders
Insiders own 0.32% of the company shares, while shares held by institutions stand at 97.73% with a share float percentage of 98.05%. Investors are also buoyed by the number of investors in a company, with Newell Brands Inc having a total of 533.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 71.31 million shares worth more than $572.58 million. As of 2024-03-31, BLACKROCK INC. held 17.2152% of shares outstanding.
The other major institutional holder is PZENA INVESTMENT MANAGEMENT LLC, with the holding of over 53.79 million shares as of 2024-03-31. The firm’s total holdings are worth over $431.94 million and represent 12.9711% of shares outstanding.
