Crock-Pot Parent Newell's Stock Leaps Into the Green
Newell Brands (NWL) beat second-quarter expectations and upgraded its full-year guidance after the company made “significant progress" on its turnaround, sending shares of the Yankee Candle owner up 40% on Friday.
Newell's (NWL) Q2 Earnings Beat Mark, Soft Core Sales Hurt
Newell (NWL) reports a sales decline in second-quarter 2024, owing to a core sales drop of 4.2% year over year.
Newell Brands Inc. (NWL) Q2 2024 Earnings Call Transcript
Newell Brands Inc. (NASDAQ:NWL ) Q2 2024 Earnings Conference Call July 26, 2024 9:30 AM ET Company Participants Sofya Tsinis - Vice President of Investor Relations Chris Peterson - President and CEO Mark Erceg - Chief Financial Officer Conference Call Participants Peter Grom - UBS William Chappell - Truist Securities Andrea Teixeira - JPMorgan Lauren Lieberman - Barclays Brian McNamara - Canaccord Genuity Chris Carey - Wells Fargo Securities Filippo Falorni - Citi Olivia Tong - Raymond James Operator Good morning, and welcome to Newell Brands Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Compared to Estimates, Newell Brands (NWL) Q2 Earnings: A Look at Key Metrics
The headline numbers for Newell Brands (NWL) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Newell Brands (NWL) Q2 Earnings Beat Estimates
Newell Brands (NWL) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.24 per share a year ago.
Newell's stock soars after earnings again, as turnaround efforts take shape
Contigo, Graco parent's profit beat views, outlook was raised and gross margins continued to improve
Newell (NWL) Gears Up for Q2 Earnings: What You Should Know
Newell's (NWL) second-quarter 2024 bottom-line performance is likely to reflect the impacts of a tough macroeconomic environment, including soft demand and inflation.
Newell Brands: Looking For Signs Of Gradual Recovery (Rating Upgrade)
Newell Brands is going to report Q2 results with a similar sequential sales performance expected, combined with slower margin expansion due to increased marketing. I believe that investors should focus on the longer-term sales outlook going forward, as signs of the turnaround should gradually start to show, especially with increased marketing. The stock's valuation now prices in a very slow recovery, being a fair base scenario in my opinion.
Can Newell Brands' (NWL) Strategic Initiatives Boost the Stock?
Newell Brands (NWL) focuses on overhead cost reduction, streamlining the operating model and centralizing supply-chain functions amid core inflation challenges.
Here's Why Newell Brands' (NWL) Strategic Efforts Seem Encouraging
Newell Brands' (NWL) new operating model, innovation, brand building and margin expansion have been driving growth amid a challenging macroeconomic environment.
Q2 2024 EPS Estimates for Newell Brands Inc. (NASDAQ:NWL) Decreased by Analyst
Newell Brands Inc. (NASDAQ:NWL – Free Report) – Investment analysts at Zacks Research cut their Q2 2024 earnings per share estimates for Newell Brands in a research report issued on Friday, May 17th. Zacks Research analyst R. Lohia now expects that the company will post earnings of $0.21 per share for the quarter, down from their previous estimate of $0.24. The consensus estimate for Newell Brands’ current full-year earnings is $0.60 per share. Zacks Research also issued estimates for Newell Brands’ FY2024 earnings at $0.60 EPS, Q2 2025 earnings at $0.28 EPS, Q3 2025 earnings at $0.25 EPS, Q4 2025 earnings at $0.24 EPS, FY2025 earnings at $0.79 EPS, Q1 2026 earnings at $0.07 EPS and FY2026 earnings at $0.96 EPS. NWL has been the topic of a number of other research reports. Wells Fargo & Company lifted their price target on shares of Newell Brands from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Monday, April 29th. Canaccord Genuity Group upped their price target on Newell Brands from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Raymond James cut Newell Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, February 12th. UBS Group cut Newell Brands from a “buy” rating to a “neutral” rating and decreased their price target for the company from $10.00 to $8.50 in a research note on Friday, February 16th. Finally, Citigroup increased their price target on Newell Brands from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. Ten research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $8.70. Check Out Our Latest Stock Analysis on NWL Newell Brands Trading Down 3.1 % NASDAQ NWL opened at $8.11 on Monday. Newell Brands has a twelve month low of $6.49 and a twelve month high of $11.61. The business’s fifty day moving average is $7.65 and its 200 day moving average is $7.86. The company has a quick ratio of 0.58, a current ratio of 1.15 and a debt-to-equity ratio of 1.48. The company has a market cap of $3.37 billion, a price-to-earnings ratio of -11.26, a price-to-earnings-growth ratio of 1.52 and a beta of 0.95. Newell Brands (NASDAQ:NWL – Get Free Report) last released its quarterly earnings data on Friday, April 26th. The company reported ($0.07) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.07). The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Newell Brands had a negative net margin of 3.70% and a positive return on equity of 11.21%. The firm’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.06) EPS. Institutional Investors Weigh In On Newell Brands Several large investors have recently added to or reduced their stakes in the business. Tidal Investments LLC boosted its stake in Newell Brands by 3.0% during the first quarter. Tidal Investments LLC now owns 83,559 shares of the company’s stock valued at $671,000 after buying an additional 2,407 shares during the period. Redwood Investment Management LLC lifted its stake in Newell Brands by 10.7% during the first quarter. Redwood Investment Management LLC now owns 412,598 shares of the company’s stock worth $3,313,000 after purchasing an additional 39,926 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in Newell Brands by 192.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 32,813 shares of the company’s stock worth $263,000 after purchasing an additional 21,580 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Newell Brands by 6.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 209,029 shares of the company’s stock worth $1,679,000 after purchasing an additional 11,868 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in Newell Brands during the first quarter worth about $375,000. Institutional investors own 92.50% of the company’s stock. Newell Brands Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 3.45%. The ex-dividend date is Friday, May 31st. Newell Brands’s dividend payout ratio is -38.89%. About Newell Brands (Get Free Report) Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr. See Also Five stocks we like better than Newell Brands What is the FTSE 100 index? MarketBeat Week in Review – 5/13 – 5/17 What is the S&P/TSX Index? Take-Two Interactive Software Offers 2nd Chance for Investors 3 Healthcare Dividend Stocks to Buy Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook
