Published On: Tue, Sep 6th, 2016

Newell Rubbermaid Inc. (NWL) Releases FY16 Earnings Guidance

Newell Rubbermaid Inc. (NYSE:NWL) issued an update on its FY16 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 2.75-2.90 for the period, compared to the Thomson Reuters consensus estimate of $2.85.
Shares of Newell Rubbermaid Inc. (NYSE:NWL) opened at 53.57 on Tuesday. Newell Rubbermaid Inc. has a 52-week low of $33.26 and a 52-week high of $55.45. The stock’s 50 day moving average is $52.59 and its 200-day moving average is $47.14. The firm has a market cap of $25.83 billion and a P/E ratio of 51.96.
Newell Rubbermaid (NYSE:NWL) last released its earnings results on Friday, July 29th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.06. The company earned $3.86 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same period in the previous year, the company posted $0.64 EPS. The company’s quarterly revenue was up 147.2% compared to the same quarter last year. Equities analysts anticipate that Newell Rubbermaid Inc. will post $2.87 earnings per share for the current fiscal year.

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The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.42%. The ex-dividend date is Monday, August 29th.
Several equities research analysts have issued reports on NWL shares. Jefferies Group increased their price target on Newell Rubbermaid from $53.00 to $59.00 and gave the stock a buy rating in a report on Monday, May 9th. Citigroup restated a buy rating and issued a $61.00 price target on shares of Newell Rubbermaid in a report on Tuesday, August 2nd. RBC Capital Markets restated a buy rating on shares of Newell Rubbermaid in a report on Monday, August 1st. Deutsche Bank AG increased their price target on Newell Rubbermaid from $52.00 to $60.00 and gave the stock a buy rating in a report on Monday, August 1st. Finally, Zacks Investment Research upgraded Newell Rubbermaid from a hold rating to a buy rating and set a $59.00 price target for the company in a report on Monday, August 1st. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $57.27.
In related news, Director Ian G. H. Ashken sold 346,781 shares of the stock in a transaction dated Thursday, June 23rd. The stock was sold at an average price of $48.51, for a total transaction of $16,822,346.31. Following the completion of the transaction, the director now directly owns 992,909 shares in the company, valued at $48,166,015.59. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Newell Brands Inc, formerly Newell Rubbermaid Inc, is a global consumer goods company. The Company’s brands consists of Paper Mate, Sharpie, Dymo, EXPO, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Irwin, Lenox, Oster, Sunbeam, FoodSaver, Mr. Coffee, Rubbermaid Commercial Products, Graco, Baby Jogger, NUK, Calphalon, Rubbermaid, Contigo, First Alert, Waddington and Yankee Candle.

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