Newell Rubbermaid Inc. (NYSE:NWL) – Analysts at Gabelli lowered their FY2019 EPS estimates for shares of Newell Rubbermaid in a research report issued to clients and investors on Thursday. Gabelli analyst Z. Bodini now forecasts that the brokerage will post earnings of $3.90 per share for the year, down from their prior estimate of $4.00. Gabelli also issued estimates for Newell Rubbermaid’s FY2020 earnings at $4.20 EPS.
Several other equities research analysts also recently weighed in on the company. B. Riley reissued a “buy” rating and set a $60.00 price objective on shares of Newell Rubbermaid in a report on Monday. Bank of America Corp. set a $60.00 target price on Newell Rubbermaid and gave the stock a “buy” rating in a research report on Tuesday, October 4th. Jefferies Group reaffirmed a “buy” rating and set a $66.00 target price on shares of Newell Rubbermaid in a research report on Tuesday, October 4th. Zacks Investment Research raised Newell Rubbermaid from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research report on Monday, October 3rd. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $61.00 target price on shares of Newell Rubbermaid in a research report on Tuesday, August 2nd. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $57.50.
Newell Rubbermaid (NYSE:NWL) traded up 0.25% on Friday, hitting $52.25. The stock had a trading volume of 2,889,146 shares. The company has a 50-day moving average price of $52.10 and a 200-day moving average price of $49.25. The stock has a market capitalization of $25.19 billion, a price-to-earnings ratio of 50.68 and a beta of 1.18. Newell Rubbermaid has a 52 week low of $33.26 and a 52 week high of $55.45.
Newell Rubbermaid (NYSE:NWL) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.06. The company earned $3.86 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Newell Rubbermaid had a return on equity of 18.55% and a net margin of 3.91%. Newell Rubbermaid’s revenue for the quarter was up 147.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 earnings per share.
A number of hedge funds have recently modified their holdings of the stock. National Pension Service increased its position in Newell Rubbermaid by 8.6% in the third quarter. National Pension Service now owns 406,298 shares of the company’s stock worth $21,396,000 after buying an additional 32,277 shares during the period. Highland Capital Management LLC bought a new position in Newell Rubbermaid during the third quarter worth about $1,048,000. Gulf International Bank UK Ltd increased its position in Newell Rubbermaid by 1.4% in the third quarter. Gulf International Bank UK Ltd now owns 133,288 shares of the company’s stock worth $7,018,000 after buying an additional 1,800 shares during the period. CHICAGO TRUST Co NA bought a new position in Newell Rubbermaid during the third quarter worth about $200,000. Finally, Capstone Asset Management Co. increased its position in Newell Rubbermaid by 11.2% in the third quarter. Capstone Asset Management Co. now owns 30,100 shares of the company’s stock worth $1,585,000 after buying an additional 3,020 shares during the period. 93.12% of the stock is owned by institutional investors and hedge funds.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Monday, August 29th. Newell Rubbermaid’s payout ratio is 76.00%.
Newell Rubbermaid Company Profile