Newell Brands (NASDAQ:NWL – Get Free Report) released its quarterly earnings data on Friday. The company reported ($0.07) EPS for the quarter, meeting the consensus estimate of ($0.07), Yahoo Finance reports. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.64 billion. Newell Brands had a positive return on equity of 10.24% and a negative net margin of 4.77%. The firm’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.06) EPS.
Newell Brands Trading Up 12.2 %
NWL stock traded up $0.85 during trading hours on Friday, hitting $7.79. 9,823,407 shares of the stock were exchanged, compared to its average volume of 3,539,482. The company has a quick ratio of 0.63, a current ratio of 1.16 and a debt-to-equity ratio of 1.47. Newell Brands has a 12 month low of $6.49 and a 12 month high of $12.31. The company has a 50-day simple moving average of $7.49 and a two-hundred day simple moving average of $7.74.
Newell Brands Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 3.59%. The ex-dividend date was Wednesday, February 28th. Newell Brands’s payout ratio is -38.89%.
Wall Street Analysts Forecast Growth
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About Newell Brands
Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.
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