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In the latest session, Newell Brands Inc (NASDAQ: NWL) closed at $7.64 down -1.04% from its previous closing price of $7.72. In other words, the price has decreased by -$1.04 from its previous closing price. On the day, 2.73 million shares were traded. NWL stock price reached its highest trading level at $7.86 during the session, while it also had its lowest trading level at $7.62.
Ratios:
For a deeper understanding of Newell Brands Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.53 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.07. For the most recent quarter (mrq), Quick Ratio is recorded 0.58 and its Current Ratio is at 1.15. In the meantime, Its Debt-to-Equity ratio is 1.80 whereas as Long-Term Debt/Eq ratio is at 1.62.
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:
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 May 10 ’24 when CAMPBELL PATRICK D sold 50,000 shares for $8.04 per share. The transaction valued at 402,000 led to the insider holds 18,477 shares of the business.
Turner Bradford R sold 20,000 shares of NWL for $148,600 on Feb 23 ’24. The Chief Legal & Admin. Officer now owns 169,813 shares after completing the transaction at $7.43 per share. On Oct 30 ’23, another insider, Turner Bradford R, who serves as the Chief Legal & Admin. Officer of the company, sold 20,000 shares for $6.88 each. As a result, the insider received 137,600 and left with 152,363 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 3171830016 and an Enterprise Value of 8451127808. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.40 while its Price-to-Book (P/B) ratio in mrq is 1.03. Its current Enterprise Value per Revenue stands at 1.059 whereas that against EBITDA is 10.256.
Stock Price History:
Over the past 52 weeks, NWL has reached a high of $11.61, while it has fallen to a 52-week low of $6.49. The 50-Day Moving Average of the stock is -0.24%, while the 200-Day Moving Average is calculated to be -5.44%.
Shares Statistics:
For the past three months, NWL has traded an average of 4.74M shares per day and 3632810 over the past ten days. A total of 414.30M shares are outstanding, with a floating share count of 413.74M. Insiders hold about 0.34% of the company’s shares, while institutions hold 98.44% stake in the company. Shares short for NWL as of 1715731200 were 24148344 with a Short Ratio of 5.09, compared to 1713139200 on 23766538. Therefore, it implies a Short% of Shares Outstanding of 24148344 and a Short% of Float of 9.9300005.
Dividends & Splits
According to the company, the forward annual dividend rate for NWL is 0.28, from 0.28 in the trailing year. Against a Trailing Annual Dividend Yield of 0.03626943The stock’s 5-year Average Dividend Yield is 5.27.
Earnings Estimates
The company has 11.0 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.22 for the current quarter, with a high estimate of $0.25 and a low estimate of $0.2, while EPS last year was $0.24. The consensus estimate for the next quarter is $0.2, with high estimates of $0.25 and low estimates of $0.18.
Analysts are recommending an EPS of between $0.63 and $0.57 for the fiscal current year, implying an average EPS of $0.6. EPS for the following year is $0.76, with 12.0 analysts recommending between $0.91 and $0.68.
Revenue Estimates
A total of 9 analysts believe the company’s revenue will be $2.05B this quarter.It ranges from a high estimate of $2.1B to a low estimate of $2.01B. As of the current estimate, Newell Brands Inc’s year-ago sales were $2.2BFor the next quarter, 9 analysts are estimating revenue of $1.93B. There is a high estimate of $1.98B for the next quarter, whereas the lowest estimate is $1.9B.
A total of 11 analysts have provided revenue estimates for NWL’s current fiscal year. The highest revenue estimate was $7.79B, while the lowest revenue estimate was $7.55B, resulting in an average revenue estimate of $7.63B. In the same quarter a year ago, actual revenue was $8.13BBased on 11 analysts’ estimates, the company’s revenue will be $7.72B in the next fiscal year. The high estimate is $7.95B and the low estimate is $7.59B.
