Revenue Update on Newell Rubbermaid(NYSE:NWL)

Newell Rubbermaid(NYSE:NWL) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 6, 2017. Company reported revenue of $4.136B. Analysts estimated a revenue of $4.290B. The revenues were -3.59% below the estimates. Earnings per share were $0.8. Analysts had estimated an EPS of $0.8.

In a different note, BMO Capital said it Initiates Coverage On Newell Rubbermaid, according to a research note issued on Dec 16, 2016. The shares have been rated ‘Market Perform’ by the firm.

Newell Rubbermaid (NWL) made into the market gainers list on Tuesdays trading session with the shares advancing 2.92% or 1.29 points. Due to strong positive momentum, the stock ended at $45.52, which is also near the day’s high of $45.94. The stock began the session at $44.44 and the volume stood at 86,83,345 shares. The 52-week high of the shares is $55.45 and the 52 week low is $33.26. The company has a current market capitalization of $21,959 M and it has 48,24,00,000 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Nov 1, 2016, Michael B Polk (CEO) purchased 4,000 shares at $47.82 per share price.Also, On Nov 1, 2016, Mark Tarchetti (President) purchased 12,436 shares at $48.15 per share price.On Jun 24, 2016, Ian G H Ashken (director) sold 346,781 shares at $48.51 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.

Share this post

Leave a Reply