Newell Brands (NASDAQ:NWL – Get Free Report) issued its quarterly earnings data on Friday. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16, Briefing.com reports. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.96 billion. Newell Brands had a negative net margin of 3.43% and a positive return on equity of 13.04%. Newell Brands’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.39 earnings per share.
Newell Brands Stock Performance
NASDAQ:NWL traded up $1.69 during mid-day trading on Friday, hitting $8.87. The company’s stock had a trading volume of 13,726,349 shares, compared to its average volume of 5,450,016. Newell Brands has a 1 year low of $5.39 and a 1 year high of $9.24. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.98 and a quick ratio of 0.51. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of -13.66, a PEG ratio of 1.31 and a beta of 0.91. The business’s fifty day moving average is $7.41 and its two-hundred day moving average is $7.31.
Newell Brands Announces Dividend
The firm also recently declared 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 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend was Friday, August 30th. Newell Brands’s payout ratio is -43.08%.
Wall Street Analyst Weigh In
View Our Latest Analysis on NWL
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.
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