Newell Rubbermaid (NWL) Releases Earnings Results, Beats Expectations By $0.06 EPS

Newell Rubbermaid (NWL) reported quarterly earnings results on Friday, Jul-29-2016. The company said it had a profit of $0.78 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.72. The company posted revenue of $3858.90 million in the period, compared to analysts expectations of $3722.77 million. The company’s revenue was up 147.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS.

Many Wall Street Analysts have commented on Newell Rubbermaid. Company shares were Reiterated by Deutsche Bank on May 2, 2016 to “Buy”, Firm has raised the Price Target to $ 52 from a previous price target of $50 .Company shares were Reiterated by B. Riley & Co. on May 2, 2016 to “Buy”, Firm has raised the Price Target to $ 54 from a previous price target of $50 .Company shares were Reiterated by UBS on May 2, 2016 to “Buy”, Firm has raised the Price Target to $ 55 from a previous price target of $54 .

Newell Rubbermaid opened for trading at $49.09 and hit $49.51 on the upside on Thursday, eventually ending the session at $49.39, with a gain of 0.47% or 0.23 points. The heightened volatility saw the trading volume jump to 37,39,856 shares. Company has a market cap of $13,246 M.

In a different news, on Jun 24, 2016, Ian G H Ashken (director) sold 346,781 shares at $48.51 per share price. According to the SEC, on Jun 3, 2016, Sole Domenico De (director) purchased 4,180 shares at $47.79 per share price. On May 25, 2016, William A Iii Burke (President, Jarden Group) sold 26,000 shares at $47.59 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.

Newell Rubbermaid

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