Newell Brands Inc. (NASDAQ:NWL) is reporting third quarter financial results on Friday 30th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, NWL is expected to report 3Q20 income of $ 0.43 per share from revenue of $ 2443.96 million.
For the full year, analysts anticipate top line of $ 9065.12 million, while looking forward to income of $ 1.27 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 9,400.00 million ~ $ 9,550.00 million, where as bottomline are predicted in a range of $ 1.46 ~ $ 1.56 per share
Click Here For More Historical Outlooks Of Newell Brands Inc.
Previous Quarter Performance
Newell Brands Inc. unfold income for the second quarter of $ 0.30 per share, from the revenue of $ 2,111.00 million. The quarterly earnings decreased 33.33 percent while revenues down 0.26 percent compared with the same quarter last year.
Wall street analysts are predicting, NWL to report 2Q20 income of $ 0.18 per share from revenue of $ 2027.48 million. The bottom line results beat street analysts by $ 0.12 or 66.67 percent, at the same time, top line results outshined analysts by $ 83.52 million or 4.12 percent.
Stock Performance
Shares of Newell Brands Inc. traded up $ 0.16 or 0.96 percent on Thursday, reaching $ 16.82 with volume of 2.66 million shares. Newell Brands Inc. has traded high as $ 16.99 and has cracked $ 16.60 on the downward trend
According to the previous trading day, closing price of $ 16.82, representing a 59.58 % increase from the 52 week low of $ 10.44 and a 20.63 % decrease over the 52 week high of $ 20.99.
The company has a market capital of $ 7.14 billion and is part of the Consumer Defensive sector and Household & Personal Products industry.
Recent Analyst recommendations
- On 14th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 16.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.23 per share on August 6, 2020. The dividend were payable on September 15, 2020 to holders of record as of the close of business on August 31, 2020 and ex-dividend date on August 28, 2020.
Conference Call
Newell Brands Inc. will be hosting a conference call at 10:00 AM eastern time on 30th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.newellbrands.com
Newell Brands Inc. designs, manufactures, sources, and distributes consumer and commercial products worldwide. The companys Food and Appliances segment offers household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products, and fresh preserving products under Ball, Calphalon, Crock-Pot, FoodSaver, Mr.
