Newell Brands Inc. (NASDAQ:NWL) Expected to Post Quarterly Sales of $2.47 Billion

Wall Street analysts expect Newell Brands Inc. (NASDAQ:NWL) to report $2.47 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Newell Brands’ earnings. The lowest sales estimate is $2.41 billion and the highest is $2.57 billion. Newell Brands reported sales of $2.45 billion during the same quarter last year, which indicates a positive year over year growth rate of 0.8%. The company is expected to issue its next earnings report on Friday, November 6th.

On average, analysts expect that Newell Brands will report full-year sales of $9.07 billion for the current year, with estimates ranging from $8.95 billion to $9.20 billion. For the next fiscal year, analysts expect that the business will post sales of $9.47 billion, with estimates ranging from $9.12 billion to $9.68 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Newell Brands.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings results on Friday, July 31st. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.12. The business had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Newell Brands had a negative net margin of 11.39% and a positive return on equity of 16.20%.

NASDAQ:NWL traded up $0.04 during trading hours on Wednesday, reaching $17.16. The company had a trading volume of 2,036,076 shares, compared to its average volume of 3,811,757. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $7.28 billion, a price-to-earnings ratio of -7.00, a PEG ratio of 8.33 and a beta of 1.04. Newell Brands has a twelve month low of $10.44 and a twelve month high of $20.99.

About Newell Brands

Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company operates through four segments: Appliances and Cookware, Food and Commercial, Home and Outdoor Living, and Learning and Development. The Appliances and Cookware segment offers household products, including kitchen appliances, gourmet cookware, bakeware, and cutlery under the Calphalon, Crock-Pot, Mr.

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