Trading Report: Today, FY2017 Earnings Forecast for Newell Rubbermaid Inc. (NWL) Issued By Gabelli

Today, FY2017 Earnings Forecast for Newell Rubbermaid Inc. (NWL) Issued By Gabelli

Newell Rubbermaid Inc. (NYSE:NWL) – Research analysts at Gabelli dropped their FY2017 earnings estimates for shares of Newell Rubbermaid in a research note issued to investors on Thursday. Gabelli analyst Z. Bodini now forecasts that the brokerage will earn $3.05 per share for the year, down from their previous estimate of $3.15. Gabelli also issued estimates for Newell Rubbermaid’s FY2018 earnings at $3.55 EPS.

Newell Rubbermaid (NYSE:NWL) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.06. Newell Rubbermaid had a return on equity of 18.55% and a net margin of 3.91%. The company had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same period last year, the firm earned $0.64 EPS. The firm’s revenue for the quarter was up 147.2% on a year-over-year basis.

Other equities analysts have also issued reports about the company. B. Riley restated a “buy” rating and set a $60.00 price target on shares of Newell Rubbermaid in a research note on Monday, August 1st. Zacks Investment Research lowered Newell Rubbermaid from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th. Royal Bank Of Canada reiterated a “top pick” rating and issued a $60.00 price objective on shares of Newell Rubbermaid in a research note on Monday, August 1st. Citigroup Inc. reiterated a “buy” rating and issued a $61.00 price objective on shares of Newell Rubbermaid in a research note on Tuesday, August 2nd. Finally, Jefferies Group reiterated a “buy” rating and issued a $59.00 price objective on shares of Newell Rubbermaid in a research note on Wednesday, June 29th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $57.50.

Newell Rubbermaid (NYSE:NWL) opened at 52.25 on Monday. Newell Rubbermaid has a 12 month low of $33.26 and a 12 month high of $55.45. The firm has a market capitalization of $25.19 billion, a PE ratio of 50.68 and a beta of 1.18. The stock’s 50 day moving average price is $52.06 and its 200 day moving average price is $49.31.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP increased its position in Newell Rubbermaid by 24.5% in the first quarter. Wellington Management Group LLP now owns 5,585,781 shares of the company’s stock valued at $247,395,000 after buying an additional 1,100,593 shares in the last quarter. Prudential PLC increased its position in Newell Rubbermaid by 0.7% in the first quarter. Prudential PLC now owns 1,894,900 shares of the company’s stock valued at $83,925,000 after buying an additional 13,827 shares in the last quarter. Geode Capital Management LLC increased its position in Newell Rubbermaid by 2.3% in the first quarter. Geode Capital Management LLC now owns 2,149,126 shares of the company’s stock valued at $94,988,000 after buying an additional 47,310 shares in the last quarter. Loomis Sayles & Co. L P purchased a new position in Newell Rubbermaid during the first quarter valued at about $27,833,000. Finally, Primecap Management Co. CA increased its position in Newell Rubbermaid by 13.1% in the first quarter. Primecap Management Co. CA now owns 778,060 shares of the company’s stock valued at $34,460,000 after buying an additional 90,000 shares in the last quarter. 93.12% of the stock is currently owned by hedge funds and other institutional investors.

Newell Rubbermaid Company Profile

Related posts

Leave a Comment