Newell Brands (NWL) shares slide as company forecasts 2024 net sales decline
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Newell Rubbermaid (NWL) PT Raised to $7 at Deutsche Bank
February 12, 2024 5:22 AM ESTDeutsche Bank analyst Steve Powers raised the price target on Newell Rubbermaid (NASDAQ: NWL) to $7.00 (from $6.00) while maintaining a Hold rating.
The analyst comments "NWL shares meaningfully underperformed the market today (~-18.9% vs. S&P +0.6%) on the back of mixed 4Q23 results1 and disappointing FY24 guidance amid persistent top-line challenges. On the top line, NWL expects another year of core sales declines (-6% to -3%), given a more... More
Newell Rubbermaid (NWL) PT Lowered to $7.50 at Citi
February 12, 2024 3:58 AM ESTCiti analyst Filippo Falorni lowered the price target on Newell Rubbermaid (NASDAQ: NWL) to $7.50 (from $9.00) while maintaining a Neutral rating.
The analyst comments "NWL 4Q23 results were better-than-expected with core sales -9.3% and EPS $0.22 beating consensus $0.17. However, the stock was down a large -18% as 2024... More
Newell Brands (NWL) Tops Q4 EPS by 5c, provides guidance
February 9, 2024 7:09 AM ESTNewell Brands (NASDAQ: NWL) reported Q4 EPS of $0.22, $0.05 better than the analyst estimate of $0.17. Revenue for the quarter came in at $2.08 billion versus the consensus estimate of $1.98 billion.
GUIDANCE:
Newell Brands sees FY2024 EPS of $0.52-$0.62.
For earnings history and earnings-related data on Newell Brands (NWL) click here.
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