There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Newell Brands Inc. (NWL) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.04, or -0.28%, to $14.40. The Newell Brands Inc. has recorded 329,749 volume in the after hours trading session.
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As a NASDAQ listed company, NWL falls under the Consumer Defensive sector while operating within the Household & Personal Products industry segment. At the end of the last regular session, the stock closed at $14.44 and fluctuated between $14.60 as its day high and $14.21 as its day low. The current market capitalization of Newell Brands Inc. is $6.08B. A total of 4.07 million shares were traded on the day, compared to an average of 4.61M shares.
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, NWL has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 7 BUYs and 6 SELLs from insiders. Insiders purchased 42,071 shares during that period but sold 433,627.
In the most recent transaction, Erceg Mark J bought 66,700 shares of NWL for 14.99 per share on Feb 17. After the transaction, the Chief Financial Officer now owns 66,700 company shares. In a previous transaction on Feb 17, ICAHN BRETT sold 374,628 shares at 14.95 per share. NWL shares that Director owns now total 471,003.
Among the insiders who sold shares, ICAHN BRETT disposed of 91,714 shares on Feb 17 at a per-share price of $14.95. This resulted in the Director holding 122,000 shares of NWL after the transaction. In another insider transaction, ICAHN BRETT sold 107,372 shares at $15.37 per share on Feb 16. Company shares held by the Director now total 845,631.
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Newell Brands Inc. pays an annual dividend of $0.92, resulting in a dividend yield of 6.37%, and it has a price to earnings (P/E) ratio of 30.59. NWL’s most recent ex-dividend date was 2/27/2023 when it declared a $0.23 quarterly dividend that was paid in cash on 3/15/2023. Previously, the company paid the dividend on 12/15/2022 with an ex-dividend date of 11/29/2022. The NWL stock dividend was $0.23 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for NWL in the last 3 months, the mean price target is $16.25 with high estimates of $20.00 and low estimates of $11.00. In terms of 52-week highs and lows, NWL has a high of $24.70 and a low of $12.24.
As of this writing, NWL has an earnings estimate of $0.11 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $0.14 per share and a lower estimate of $0.09. The company reported an EPS of $0.57 in the last quarter, which was 21.30% higher than expectations of $0.47.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 13 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NWL is Hold with a score of 4.00. A total of 5 analysts rated the stock as Buy while 0 rated it as Overweight while 7 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.