In the latest trading session, 0.87 million Newell Brands Inc (NASDAQ:NWL) shares changed hands as the company’s beta touched 0.90. With the company’s most recent per share price at $7.37 changed hands at -$0.16 or -2.11% at last look, the market valuation stands at $3.07B. NWL’s current price is a discount, trading about -25.37% off its 52-week high of $9.24. The share price had its 52-week low at $5.39, which suggests the last value was 26.87% up since then. When we look at Newell Brands Inc’s average trading volume, we note the 10-day average is 5.57 million shares, with the 3-month average coming to 6.89 million.
Analysts gave the Newell Brands Inc (NWL) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.86. If we narrow down to specifics, the data shows that 0 out of 11 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 6 recommended NWL as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. Newell Brands Inc’s EPS for the current quarter is expected to be 0.16.
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Newell Brands Inc (NASDAQ:NWL) trade information
Instantly NWL was in red as seen in intraday trades today. With action -4.64%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -15.08%, with the 5-day performance at -4.64% in the red. However, in the 30-day time frame, Newell Brands Inc (NASDAQ:NWL) is 4.11% up. Looking at the short shares, we see there were 11.92 million shares sold at short interest cover period of 1.28 days.
The consensus price target for the stock as assigned by Wall Street analysts is 15.5, meaning bulls need an upside of 52.45% from its recent market value. According to analyst projections, NWL’s forecast low is 8 with 28 as the target high. To hit the forecast high, the stock’s price needs a -279.92% plunge from its current level, while the stock would need to soar -8.55% for it to hit the projected low.
Newell Brands Inc (NWL) estimates and forecasts
Data shows that the Newell Brands Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 4.70% over the past 6 months, a -17.72% in annual growth rate that is considerably lower than the industry average of 1.40%. Year-over-year growth is forecast to reach -6.00% down from the last financial year.
Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of 1.96B. 9 analysts are of the opinion that Newell Brands Inc’s revenue for the current quarter will be 1.99B. The company’s revenue for the corresponding quarters a year ago was 2.05B and 2.08B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -4.50%. The estimates for the next quarter sales put growth at -4.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 43.59%. The 2024 estimates are for Newell Brands Inc earnings to decrease by -18.29%, but the outlook for the next 5-year period is at 8.88% per year.
NWL Dividends
Newell Brands Inc is expected to release its next quarterly earnings report on 2024-Oct-25. The 3.80% annual yield figure for the share gives it an annual dividend of 0.28. It is important to note, however, that the 3.80% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 5.14 per year.
Newell Brands Inc (NASDAQ:NWL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.36% of Newell Brands Inc shares while 97.95% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 98.31%. There are 97.95% institutions holding the Newell Brands Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 16.6525% of the shares, roughly 69.06 million NWL shares worth $442.66 million.
PZENA INVESTMENT MANAGEMENT LLC holds the second largest percentage of outstanding shares, with 12.6547% or 52.48 million shares worth $336.39 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2023 were iShares Core S&P Smallcap ETF and Vanguard/Windsor Fund Inc. With 25.73 shares estimated at $232.33 million under it, the former controlled 6.09% of total outstanding shares. On the other hand, Vanguard/Windsor Fund Inc. held about 2.81% of the shares, roughly 11.87 shares worth around $132.43 million.
