Newell Brands Inc (NWL) Testing Investors’ Patience Right Now

Currently, there are 414.30M common shares owned by the public and among those 412.86M shares have been available to trade.

The company’s stock has a 5-day price change of -1.17% and -12.44% over the past three months. NWL shares are trading -12.44% year to date (YTD), with the 12-month market performance down to -36.88% lower. It has a 12-month low price of $6.49 and touched a high of $12.75 over the same period. NWL has an average intraday trading volume of 5.43 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.47%, -2.95%, and -10.70% respectively.

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Institutional ownership of Newell Brands Inc (NASDAQ: NWL) shares accounts for 95.96% of the company’s 414.30M shares outstanding.

It has a market capitalization of $3.15B and a beta (3y monthly) value of 0.96. The earnings-per-share (ttm) stands at -$0.94. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.46% over the week and 3.85% over the month.

Analysts forecast that Newell Brands Inc (NWL) will achieve an EPS of -$0.07 for the current quarter, $0.25 for the next quarter and $0.76 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.09 while analysts give the company a high EPS estimate of -$0.03. Comparatively, EPS for the current quarter was -$0.06 a year ago. Earnings per share for the fiscal year are expected to decrease by -27.39%, and 32.43% over the next financial year. EPS should shrink at an annualized rate of -4.76% over the next five years, compared to 43.59% over the past 5-year period.

Looking at the support for the NWL, a number of firms have released research notes about the stock. UBS stated their Neutral rating for the stock in a research note on February 16, 2024, with the firm’s price target at $10-$8.50. Truist was of a view on October 30, 2023 that the stock is Hold, while JP Morgan gave the stock Neutral rating on October 30, 2023, issuing a price target of $11- $7. Raymond James on their part issued Outperform rating on October 23, 2023.

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