Newell Brands Inc (NASDAQ: NWL) has reported E.P.S. of $0.11 for its second fiscal quarter (ending June 30) versus $0.04 for the same period a year ago. E.P.S. were $-0.65 for the latest four quarters through June 30 versus $-0.75 for the same period a year ago.
Recent Price Action
On 7/26/24, Newell Brands Inc (NASDAQ: NWL) stock enjoyed a major increase of 40.5%, closing at $8.91. Moreover, exceptionally high trading volume at 542% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months but has risen 36.4% during the last week.
Current PriceTarget Research Rating
NWL’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Newell Brands has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Newell Brands has a neutral Appreciation Score of 48 but a poor Power Rating of 19, leading to the Negative Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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