Newell Brands will report its winnings prior to the April 30th opening
Newell Brands Inc. (NASDAQ: NWL) is a global consumer goods company. The US-based company manufactures, markets and sells consumer and commercial products worldwide. The brand portfolio includes Rubbermaid, Paper Mate, Sharpie, Dymo, EXPO, Parker, Elmer’s, FoodSaver, Mr. Coffee, Baby Jogger, Spontex and many others.
NWL stock price has nearly doubled in the past 12 months, rising nearly 144% since falling to a 10-year low of $ 11.05 in May 2020. Additionally, stocks are up 23% since the start of the year. While the stock lost steam near the $ 27 level last month, the stock has enjoyed solid support on its 30-day moving average and is still just below the chip shot of its three-year high of Jan. April from $ 27.43. Newell Brands also offers a forward dividend of $ 0.92, which translates to a dividend yield of 3.42%.
The company is expected to report quarterly results prior to opening on Friday April 30th. Newell Brands has exceeded earnings expectations in all four of its most recent reports. For the first quarter of 2020, Newell Brands beat analysts’ estimates by a margin of $ 0.04 and reported earnings per share (EPS) of $ 0.09. For the second quarter of 2020, NWL’s earnings per share rose to $ 0.30, beating expectations by $ 0.12. For the third quarter of 2020, Newell Brands reported another surge in earnings, rising to $ 0.84 per share, beating estimates by $ 0.40. For its final 2020 quarterly report, Newell Brands posted earnings per share of $ 0.56, beating expectations with a margin of $ 0.08.
Basically, Newell Brands has a history of inconsistency. For the past four years, Newell Brands has wavered between posting profitable years and massive losses in net income. For example, the company made over $ 2.7 billion in net income in 2017, but then posted a net loss of $ 6.9 billion in 2018. Most recently, Newell Brands net income declined $ 876 million from $ 106 million in 2019 to $ 770 million in 2020. NWL’s revenue has also followed a similar pattern of inconsistency. Last year sales fell by 3.4%. Overall, Newell Brands stock is a wild card. The biggest positive features are the high dividend yield and the fascinating price / earnings ratio of 16.08.