A correction may be in store for Newell Brands Inc. (NASDAQ:NWL) shares?

In the latest session, Newell Brands Inc. (NASDAQ: NWL) closed at 14.81 down -2.63% from its previous closing price of $15.21. In other words, the price has decreased by $-0.40 from its previous closing price. On the day, 3173130 shares were traded. NWL reached its highest trading level at $15.29 during the session, while it also had its lowest trading level at $14.77.

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Ratios:

For a deeper understanding of Newell Brands Inc.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.50 and its Current Ratio is at 1.00. In the meantime, Its Debt-to-Equity ratio is 1.33 whereas as Long-Term Debt/Eq ratio is at 0.96.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, JP Morgan on March 30, 2022, Reiterated its Overweight rating but revised its target price to $26 from $29 previously.

On November 01, 2021, JP Morgan Upgraded its rating to Overweight which previously was Neutral but kept the price unchanged to $27.

Wells Fargo Upgraded its Underweight to Equal Weight on August 02, 2021, whereas the target price for the stock was revised from $23 to $26.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Sep 14 when ICAHN BRETT sold 10,000 shares for $17.10 per share. The transaction valued at 171,000 led to the insider holds 240,000 shares of the business.

ICAHN BRETT sold 71,304 shares of NWL for $1,204,325 on Sep 14. The Director now owns 953,003 shares after completing the transaction at $16.89 per share. On Sep 13, another insider, ICAHN BRETT, who serves as the Director of the company, sold 150,000 shares for $17.51 each. As a result, the insider received 2,626,500 and left with 250,000 shares of the company.

Valuation Measures:

As of this moment, Newell’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.67, and their Forward P/E ratio for the next fiscal year is 8.62. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 21.66. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.60 while its Price-to-Book (P/B) ratio in mrq is 1.55.

Stock Price History:

Over the past 52 weeks, NWL has reached a high of $26.45, while it has fallen to a 52-week low of $15.19. The 50-Day Moving Average of the stock is 19.09, while the 200-Day Moving Average is calculated to be 21.28.

Shares Statistics:

For the past three months, NWL has traded an average of 2.97M shares per day and 3.86M over the past ten days. A total of 413.80M shares are outstanding, with a floating share count of 411.20M. Insiders hold about 0.30% of the company’s shares, while institutions hold 94.20% stake in the company. Shares short for NWL as of Jul 14, 2022 were 20.44M with a Short Ratio of 5.88, compared to 17.98M on Jun 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 4.94% and a Short% of Float of 7.22%.

Dividends & Splits

According to the company, the forward annual dividend rate for NWL is 0.92, from 0.92 in the trailing year. Against a Trailing Annual Dividend Yield of 6.05%, it implies a Forward Annual Dividend Yield of 4.55%. The stock’s 5-year Average Dividend Yield is 4.48. The current Payout Ratio is 53.50% for NWL, which recently paid a dividend on Sep 14, 2022 with an ex-dividend date of May 26, 2022. Stock splits for the company last occurred on Sep 01, 1994 when the company split stock in a 2:1 ratio.

Earnings Estimates

There are 11 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.47 for the current quarter, with a high estimate of $0.48 and a low estimate of $0.45, while EPS last year was $0.56. The consensus estimate for the next quarter is $0.57, with high estimates of $0.63 and low estimates of $0.51.

Analysts are recommending an EPS of between $1.95 and $1.82 for the fiscal current year, implying an average EPS of $1.88. EPS for the following year is $2.06, with 11 analysts recommending between $2.33 and $1.93.

Revenue Estimates

A total of 8 analysts believe the company’s revenue will be $2.54B this quarter.It ranges from a high estimate of $2.59B to a low estimate of $2.5B. As of the current estimate, Newell Brands Inc.’s year-ago sales were $2.55B, an estimated decrease of -0.50% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $2.58B, a decrease of -7.30% less than the figure of $-0.50% in the same quarter last year. There is a high estimate of $2.67B for the next quarter, whereas the lowest estimate is $2.52B.

A total of 10 analysts have provided revenue estimates for NWL’s current fiscal year. The highest revenue estimate was $10.23B, while the lowest revenue estimate was $9.89B, resulting in an average revenue estimate of $10.06B. In the same quarter a year ago, actual revenue was $10.59B, down -5.00% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $10.15B in the next fiscal year. The high estimate is $10.37B and the low estimate is $9.96B. The average revenue growth estimate for next year is up 0.90% from the average revenue estimate for this year.