Newell Brands (NASDAQ:NWL) Releases Q4 2024 Earnings Guidance

Newell Brands (NASDAQ:NWL) issued an update on its fourth quarter 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 0.110-0.140 for the period, compared to the consensus estimate of 0.130. The company issued revenue guidance of $1.9 billion-$2.0 billion, compared to the consensus revenue estimate of $2.0 billion. Newell Brands also updated its FY 2024 guidance to 0.630-0.660 EPS.

Newell Brands Stock Performance

Shares of NWL stock traded up $1.55 during trading on Friday, reaching $8.73. 21,253,426 shares of the company’s stock were exchanged, compared to its average volume of 5,488,259. The company has a quick ratio of 0.51, a current ratio of 0.98 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $3.62 billion, a PE ratio of -12.13, a PEG ratio of 1.31 and a beta of 0.91. Newell Brands has a twelve month low of $5.39 and a twelve month high of $9.24. The firm’s fifty day moving average price is $7.44 and its 200-day moving average price is $7.32.

Newell Brands (NASDAQ:NWL) last posted its earnings results on Friday, October 25th. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.96 billion. Newell Brands had a positive return on equity of 13.04% and a negative net margin of 3.43%. The firm’s revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.39 EPS. As a group, sell-side analysts anticipate that Newell Brands will post 0.65 EPS for the current year.

Newell Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend was Friday, August 30th. Newell Brands’s dividend payout ratio is -38.89%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NWL. JPMorgan Chase & Co. decreased their price objective on Newell Brands from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. Citigroup lowered Newell Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 13th. Truist Financial upped their price objective on Newell Brands from $8.00 to $10.00 and gave the company a “hold” rating in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft upped their price objective on Newell Brands from $8.00 to $9.00 and gave the company a “hold” rating in a report on Monday, July 29th. Finally, Canaccord Genuity Group upped their target price on Newell Brands from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $8.80.

Newell Brands Company Profile

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.