Former Jarden Outdoor Segment Sees Meager Q1 Growth For Newell Brands


Credit Suisse Ag holds 0.03% in Newell Brands Inc (NYSE:NWL) or 775,672 shares.

Last October, Newell Brands said that as the result of a recently completed strategic review of its portfolio, it planned to sell about 10 percent of its portfolio, including its K2 Sports and the Marker and Volkl Winter Sports businesses.

Newell's "Learn" business, which sells writing products, reported pro-forma sales growth of 7.6 percent, helped by higher sales in memorabilia brand Jostens and as the company sold Sharpie pens in more markets. Moreover, Apriem Advsr has 0% invested in Newell Brands Inc (NYSE:NWL). Analysts have a mean recommendation of 1.80 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Jefferies Group LLC reiterated a "buy" rating and set a $61.00 price target on shares of Newell Brands in a research note on Monday, February 27th. Raymond James Upgrades Newell Brands Inc. The Moving Average SMA50 is -2.61% while SMA200 is -4.73%. The stock of Newell Brands Inc (NYSE:NWL) earned "Buy" rating by Sterne Agee CRT on Tuesday, July 21. Newell Brands Inc (NWL) now has Return on Equity of 8.02. TSN posted earnings of 92 cents a share, versus $1.10 a share in the year-earlier quarter.

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By comparison, the full-year analyst consensus was for EPS of $3.05 and 10.9% in revenue growth. Newell Brands had a return on equity of 13.59% and a net margin of 3.98%.

Wells Fargo & Co (NYSE:WFC) have shown a high EPS growth of 1.70% in the last 5 years and has earnings growth of 0.80% yoy.

Analysts on average had expected earnings of 29 cents per share and revenue of $3.22 billion, according to Thomson Reuters I/B/E/S.

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Heading into the earnings release, covering analysts have a consensus target price of $56.69 on Newell Brands Inc. shares.

ILLEGAL ACTIVITY NOTICE: This report was posted by Community Financial News and is the property of of Community Financial News. If you are reading this story on another domain, it was illegally copied and republished in violation of United States & global trademark and copyright legislation. In terms of performance, year to date, the stock is 50.00%. The 52-week range of the share price is from $12.62 - $22.34. Following the completion of the acquisition, the director now owns 85,206 shares in the company, valued at approximately $3,916,067.76. Increased sales and operating profitability were more than offset by higher interest expense and higher share count associated with the Jarden transaction, company officials said. The shares were purchased at an average cost of $45.22 per share, with a total value of $587,860.00. Following the sale, the director now owns 4,840,926 shares in the company, valued at approximately $234,010,362.84. The disclosure for this purchase can be found here. EPS ratio determined by looking at last 12 month figures is 1.17. The institutional investor owned 599,217 shares of the company's stock after selling 76,180 shares during the period.

A number of research firms have recently commented on NWL. Nippon Life Insurance Co. raised its stake in Newell Brands by 0.8% in the third quarter. Zions Bancorporation increased its position in Newell Brands by 1.6% in the fourth quarter.

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Shares of Newell Brands Inc closed the previous trading session at 52.46 up +6.07 13.07% with 4,944,169 shares trading hands.