In yesterday’s Wall Street session, Newell Brands Inc (NASDAQ:NWL) shares traded at $7.79, up 2.37% from the previous session.
NWL stock price is now -2.04% away from the 50-day moving average and -8.84% away from the 200-day moving average. The market capitalization of the company currently stands at $3.23B.
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With the price target reduced from $10 to $8.50, UBS Downgraded its rating from Buy to Neutral for Newell Brands Inc (NASDAQ: NWL). , while ‘Truist’ rates the stock as ‘Hold’
In other news, Turner Bradford R, Chief Legal & Admin. Officer sold 20,000 shares of the company’s stock on Feb 23 ’24. The stock was sold for $148,600 at an average price of $7.43. Upon completion of the transaction, the Chief Legal & Admin. Officer now directly owns 169,813 shares in the company, valued at $1.32 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 30 ’23, Chief Legal & Admin. Officer Turner Bradford R sold 20,000 shares of the business’s stock. A total of $137,600 was realized by selling the stock at an average price of $6.88. This leaves the insider owning 152,363 shares of the company worth $1.19 million. A total of 0.35% of the company’s stock is owned by insiders.
During the past 12 months, Newell Brands Inc has had a low of $6.49 and a high of $12.75. As of last week, the company has a debt-to-equity ratio of 1.76, a current ratio of 1.16, and a quick ratio of 0.63. The fifty day moving average price for NWL is $7.94 and a two-hundred day moving average price translates $8.54 for the stock.
The latest earnings results from Newell Brands Inc (NASDAQ: NWL) was released for Dec, 2023. According to the Household & Personal Products Company, earnings per share came in at $0.22, beating analysts’ expectations of $0.17 by 0.05. This compares to -$0.59 EPS in the same period last year. The net profit margin was -4.77% and return on equity was -11.70% for NWL. The company reported revenue of $2.08 billion for the quarter, compared to $2.29 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.15 percent. For the current quarter, analysts expect NWL to generate $1.64B in revenue.
