Newell Brands Inc (NASDAQ: NWL) closed the day trading at $7.79 up 2.37% from the previous closing price of $7.61. In other words, the price has increased by $+0.18 from its previous closing price. On the day, 3911564 shares were traded. NWL stock price reached its highest trading level at $7.81 during the session, while it also had its lowest trading level at $7.55.
Ratios:
For a better understanding of NWL, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.94 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.00. For the most recent quarter (mrq), Quick Ratio is recorded 0.63 and its Current Ratio is at 1.16. In the meantime, Its Debt-to-Equity ratio is 1.76 whereas as Long-Term Debt/Eq ratio is at 1.61.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 23 ’24 when Turner Bradford R sold 20,000 shares for $7.43 per share. The transaction valued at 148,600 led to the insider holds 169,813 shares of the business.
Turner Bradford R sold 20,000 shares of NWL for $137,600 on Oct 30 ’23. The Chief Legal & Admin. Officer now owns 152,363 shares after completing the transaction at $6.88 per share. On May 04 ’23, another insider, Erceg Mark J, who serves as the Chief Financial Officer of the company, bought 90,585 shares for $9.98 each. As a result, the insider paid 904,038 and bolstered with 243,725 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 3.22B and an Enterprise Value of 8.36B. 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 1.04. Its current Enterprise Value per Revenue stands at 1.03 whereas that against EBITDA is 113.02.
Stock Price History:
The Beta on a monthly basis for NWL is 0.94, which has changed by -32.38% over the last 52 weeks, in comparison to a change of 32.31% over the same period for the S&P500. Over the past 52 weeks, NWL has reached a high of $12.75, while it has fallen to a 52-week low of $6.49. The 50-Day Moving Average of the stock is 7.94, while the 200-Day Moving Average is calculated to be 8.54.
Shares Statistics:
Over the past 3-months, NWL traded about 5.35M shares per day on average, while over the past 10 days, NWL traded about 9.57M shares per day. A total of 414.30M shares are outstanding, with a floating share count of 412.86M. Insiders hold about 0.35% of the company’s shares, while institutions hold 95.96% stake in the company. Shares short for NWL as of Feb 29, 2024 were 16.54M with a Short Ratio of 3.09, compared to 16.33M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.99% and a Short% of Float of 7.11%.
Dividends & Splits
NWL’s forward annual dividend rate is 0.28, up from 0.44 a year ago. Against a Trailing Annual Dividend Yield of 5.78%, it implies a Forward Annual Dividend Yield of 3.60%. The stock’s 5-year Average Dividend Yield is 5.41. The current Payout Ratio is 194.92% for NWL, which recently paid a dividend on Mar 15, 2024 with an ex-dividend date of Feb 28, 2024. Stock splits for the company last occurred on Sep 02, 1994 when the company split stock in a 2:1 ratio.
Earnings Estimates
Current recommendations for the stock of the company come from 11 analysts. On average, analysts expect EPS of -$0.07 for the current quarter, with a high estimate of -$0.03 and a low estimate of -$0.09, while EPS last year was -$0.06. The consensus estimate for the next quarter is $0.25, with high estimates of $0.28 and low estimates of $0.21.
Analysts are recommending an EPS of between $0.61 and $0.54 for the fiscal current year, implying an average EPS of $0.57. EPS for the following year is $0.76, with 11 analysts recommending between $0.92 and $0.68.
Revenue Estimates
9 analysts predict $1.64B in revenue for the current quarter. It ranges from a high estimate of $1.65B to a low estimate of $1.62B. As of the current estimate, Newell Brands Inc’s year-ago sales were $1.79B, an estimated decrease of -8.20% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $2.03B, a decrease of -7.80% over than the figure of -$8.20% in the same quarter last year. There is a high estimate of $2.07B for the next quarter, whereas the lowest estimate is $1.99B.
A total of 11 analysts have provided revenue estimates for NWL’s current fiscal year. The highest revenue estimate was $7.69B, while the lowest revenue estimate was $7.47B, resulting in an average revenue estimate of $7.61B. In the same quarter a year ago, actual revenue was $8.13B, down -6.50% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $7.69B in the next fiscal year. The high estimate is $7.91B and the low estimate is $7.45B. The average revenue growth estimate for next year is up 1.10% from the average revenue estimate for this year.
