Newell Rubbermaid (NWL) reported quarterly earnings results on Friday, Apr-29-2016. The company said it had a profit of $0.40 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.38. The company posted revenue of $1314.90 million in the period, compared to analysts expectations of $1295.34 million. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.
Many Wall Street Analysts have commented on Newell Rubbermaid. Company shares were Reiterated by UBS on Apr 18, 2016 to “Buy”, Firm has raised the Price Target to $ 54 from a previous price target of $51 .Shares were Reiterated by Oppenheimer on Feb 12, 2016 to “Perform” and Lowered the Price Target to $ 36 from a previous price target of $40 .Gabelli & Co Initiated Newell Rubbermaid on Feb 8, 2016 to “Buy”, Price Target of the shares are set at $59.
Newell Rubbermaid opened for trading at $44.46 and hit $44.72 on the upside on Wednesday, eventually ending the session at $44.57, with a gain of 0.41% or 0.18 points. The heightened volatility saw the trading volume jump to 54,50,139 shares. Company has a market cap of $11,909 M.
In a different news, on Mar 14, 2016, Mark Tarchetti (EVP) purchased 12,380 shares at $40.76 per share price. According to the SEC, on Mar 1, 2016, Steven J Strobel (director) sold 9,713 shares at $38.96 per share price. On Feb 16, 2016, Sole Domenico De (director) purchased 5,670 shares at $35.28 per share price, according to the Form-4 filing with the securities and exchange commission.
Newell Rubbermaid Inc. is a marketer of consumer and commercial products. The Company operates in five segments: Writing which designs manufactures or sources and distributes writing instruments and labeling solutions primarily for use in business and the home; Home Solutions which designs manufactures or sources and distributes a range of consumer products under various brand names; Tools which designs manufactures or sources and distributes hand tools and power tool accessories industrial bandsaw blades tools and industrial-labeling solutions; Commercial Products which designs manufactures or sources and distributes cleaning and refuse products hygiene systems material handling solutions and medical and computer carts and Baby & Parenting which designs and distributes infant and juvenile products. Its products are marketed under a portfolio of various brands including Sharpie Paper Mate Parker Calphalon Irwin Lenox Elmer’s Graco Aprica and Baby Jogger.