In the latest trading session, 5.26 million Newell Brands Inc (NASDAQ:NWL) shares changed hands as the company’s beta touched 0.86. With the company’s most recent per share price at $6.82 changing hands around $0.05 or 0.66% at last look, the market valuation stands at $2.84B. NWL’s current price is a discount, trading about -72.73% off its 52-week high of $11.78. The share price had its 52-week low at $5.39, which suggests the last value was 20.97% up since then.
Analysts gave the Newell Brands Inc (NWL) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.46. 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 -0.07.
Newell Brands Inc (NASDAQ:NWL) trade information
Instantly NWL is in green as seen in intraday trades today. With action -1.66%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -31.58%, with the 5-day performance at -1.66% in the red. However, in the 30-day time frame, Newell Brands Inc (NASDAQ:NWL) is -35.65% down.
The consensus price target for the stock as assigned by Wall Street analysts is 11.5, meaning bulls need an upside of 40.7% from its recent market value. According to analyst projections, NWL’s forecast low is 9.5 with 17 as the target high. To hit the forecast high, the stock’s price needs a -149.27% plunge from its current level, while the stock would need to soar -39.3% for it to hit the projected low.
Newell Brands Inc (NWL) estimates and forecasts
Year-over-year growth is forecast to reach -2.92% down from the last financial year.
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of 1.54B. 9 analysts are of the opinion that Newell Brands Inc’s revenue for the current quarter will be 1.96B. The company’s revenue for the corresponding quarters a year ago was 1.65B and 2.03B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -6.78%. The estimates for the next quarter sales put growth at -3.48%.
The 2025 estimates are for Newell Brands Inc earnings to increase by 7.64%, but the outlook for the next 5-year period is at 14.46% per year.
NWL Dividends
Newell Brands Inc is expected to release its next quarterly earnings report in March. The 4.11% annual yield figure for the share gives it an annual dividend of 0.28. It is important to note, however, that the 4.11% 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.
Newell Brands Inc (NASDAQ:NWL)’s Major holders
PZENA INVESTMENT MANAGEMENT LLC holds the second largest percentage of outstanding shares, with 12.6395% or 52.48 million shares worth $336.39 million as of 2024-06-30.
Among Mutual Funds, the top two as of Nov 30, 2024 were iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. With 26.92 shares estimated at $184.39 million under it, the former controlled 6.37% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.95% of the shares, roughly 12.46 shares worth around $85.37 million.
