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As of close of business last night, Newell Brands Inc’s stock clocked out at $8.97, down -0.22% from its previous closing price of $8.99. In other words, the price has decreased by -$0.22 from its previous closing price. On the day, 7.99 million shares were traded. NWL stock price reached its highest trading level at $9.05 during the session, while it also had its lowest trading level at $8.8.
Ratios:
To gain a deeper understanding of NWL’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.55 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.39. For the most recent quarter (mrq), Quick Ratio is recorded 0.50 and its Current Ratio is at 0.99. In the meantime, Its Debt-to-Equity ratio is 1.92 whereas as Long-Term Debt/Eq ratio is at 1.58.
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 the company, UBS on February 16, 2024, Downgraded its rating to Neutral and sets its target price to $8.50 from $10 previously.
Truist Downgraded its Buy to Hold on October 30, 2023, whereas the target price for the stock was revised from $20 to $8.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jul 26 ’24 when Johnson Jay LeCoryelle bought 4,928 shares for $8.88 per share.
CAMPBELL PATRICK D sold 50,000 shares of NWL for $402,000 on May 10 ’24. The Director now owns 18,477 shares after completing the transaction at $8.04 per share. On Feb 23 ’24, another insider, Turner Bradford R, who serves as the Chief Legal & Admin. Officer of the company, sold 20,000 shares for $7.43 each. As a result, the insider received 148,600 and left with 169,813 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NWL now has a Market Capitalization of 3739844352 and an Enterprise Value of 8857520128. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.48 while its Price-to-Book (P/B) ratio in mrq is 1.30. Its current Enterprise Value per Revenue stands at 1.149 whereas that against EBITDA is 9.565.
Stock Price History:
Over the past 52 weeks, NWL has reached a high of $9.68, while it has fallen to a 52-week low of $5.39. The 50-Day Moving Average of the stock is 18.80%, while the 200-Day Moving Average is calculated to be 19.73%.
Shares Statistics:
It appears that NWL traded 6.83M shares on average per day over the past three months and 8440970 shares per day over the past ten days. A total of 416.00M shares are outstanding, with a floating share count of 414.40M. Insiders hold about 0.39% of the company’s shares, while institutions hold 96.50% stake in the company. Shares short for NWL as of 1728950400 were 17655925 with a Short Ratio of 2.58, compared to 1726185600 on 24243846. Therefore, it implies a Short% of Shares Outstanding of 17655925 and a Short% of Float of 7.239999599999999.
Dividends & Splits
With its trailing 12-month dividend rate of 0.28, NWL has a forward annual dividend rate of 0.28. Against a Trailing Annual Dividend Yield of 0.031145718The stock’s 5-year Average Dividend Yield is 5.14.
Earnings Estimates
A comprehensive evaluation of Newell Brands Inc (NWL) is underway, with the input of 11.0 analysts contributing to its current rating.The consensus estimate for the next quarter is $0.04, with high estimates of $0.1 and low estimates of $0.02.
Analysts are recommending an EPS of between $0.7 and $0.63 for the fiscal current year, implying an average EPS of $0.66. EPS for the following year is $0.77, with 12.0 analysts recommending between $0.91 and $0.7.
Revenue Estimates
In the current quarter, 9 analysts expect revenue to total $1.97B. It ranges from a high estimate of $1.99B to a low estimate of $1.96B. As of the current estimate, Newell Brands Inc’s year-ago sales were $2.08BFor the next quarter, 9 analysts are estimating revenue of $1.62B. There is a high estimate of $1.69B for the next quarter, whereas the lowest estimate is $1.59B.
A total of 11 analysts have provided revenue estimates for NWL’s current fiscal year. The highest revenue estimate was $7.66B, while the lowest revenue estimate was $7.59B, resulting in an average revenue estimate of $7.61B. In the same quarter a year ago, actual revenue was $8.13BBased on 11 analysts’ estimates, the company’s revenue will be $7.64B in the next fiscal year. The high estimate is $7.79B and the low estimate is $7.52B.
