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Newell's (NWL) Strategies Bode Well: Buy the Stock Now
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Shares of Newell Brands Inc. (NWL - Free Report) have surged nearly 44.9% over the past six months. Also, the company’s share price is hovering close to its 52-week high of $54.53. The company’s healthy earnings track record, coupled with benefits from the Project Renewal program, consistent cost savings and splendid performance across all segments, place it well for growth over the long term. The stock carries a Zacks Rank #2 (Buy), with a long-term earnings growth rate of 13.4%.
Newell Brands recently posted impressive second-quarter 2016 results, with both top and bottom lines beating the Zacks Consensus Estimate. The company’s adjusted earnings of 78 cents a share exceeded the Zacks Consensus Estimate of 73 cents and also rose 21.9% year over year. Net sales more than doubled to $3,858.6 million in the quarter and surpassed the Zacks Consensus Estimate of $3,752 million.
Notably, the reported quarter marks the first quarter wherein results of the recently acquired Jarden business were included. Results mainly gained from the Jarden acquisition, along with strong sales performances at various businesses including Writing, Baby, Food & Beverage, Yankee Candle and Appliances. The stupendous increase in sales is mainly attributable to a $2.22 billion contribution from the aforementioned buyout.
Further, Newell Brands remains confident of attaining its 2016 earnings and sales targets. A look at the company’s earnings history further depicts a spectacular picture as it has outpaced the Zacks Consensus Estimate in 27 out of the past 29 quarters. In the trailing four quarters, it outperformed the Zacks Consensus Estimate by an average of 4.9%. (Read:Newell Tops Q2 Earnings Estimates, Keeps 2016 View).
Additionally, this global manufacturer and marketer of consumer and commercial products boasts solid financials which help it to drive shareholder value and future developments via value-added investments. Notably, this Atlanta, GA-based company holds a strong portfolio of well-established brands like Paper Mate, Sharpie and Parker.
We believe that the company has been gaining strength from its robust growth momentum and splendid brand performance. From the above analysis, it is apparent that Newell Brands is a stock that deserves a place in your portfolio.
Stocks that Warrant a Look
Some other well-ranked stocks in the retail sector include Ollie's Bargain Outlet Holdings, Inc. (OLLI - Free Report) , The Children's Place, Inc. (PLCE - Free Report) , both sporting a Zacks Rank #1 (Strong Buy) and Blue Buffalo Pet Products, Inc. (BUFF - Free Report) , carrying a Zacks Rank #2.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
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Newell's (NWL) Strategies Bode Well: Buy the Stock Now
Shares of Newell Brands Inc. (NWL - Free Report) have surged nearly 44.9% over the past six months. Also, the company’s share price is hovering close to its 52-week high of $54.53. The company’s healthy earnings track record, coupled with benefits from the Project Renewal program, consistent cost savings and splendid performance across all segments, place it well for growth over the long term. The stock carries a Zacks Rank #2 (Buy), with a long-term earnings growth rate of 13.4%.
NEWELL BRANDS Price and Consensus
NEWELL BRANDS Price and Consensus | NEWELL BRANDS Quote
Newell Brands recently posted impressive second-quarter 2016 results, with both top and bottom lines beating the Zacks Consensus Estimate. The company’s adjusted earnings of 78 cents a share exceeded the Zacks Consensus Estimate of 73 cents and also rose 21.9% year over year. Net sales more than doubled to $3,858.6 million in the quarter and surpassed the Zacks Consensus Estimate of $3,752 million.
Notably, the reported quarter marks the first quarter wherein results of the recently acquired Jarden business were included. Results mainly gained from the Jarden acquisition, along with strong sales performances at various businesses including Writing, Baby, Food & Beverage, Yankee Candle and Appliances. The stupendous increase in sales is mainly attributable to a $2.22 billion contribution from the aforementioned buyout.
Further, Newell Brands remains confident of attaining its 2016 earnings and sales targets. A look at the company’s earnings history further depicts a spectacular picture as it has outpaced the Zacks Consensus Estimate in 27 out of the past 29 quarters. In the trailing four quarters, it outperformed the Zacks Consensus Estimate by an average of 4.9%. (Read: Newell Tops Q2 Earnings Estimates, Keeps 2016 View).
Additionally, this global manufacturer and marketer of consumer and commercial products boasts solid financials which help it to drive shareholder value and future developments via value-added investments. Notably, this Atlanta, GA-based company holds a strong portfolio of well-established brands like Paper Mate, Sharpie and Parker.
We believe that the company has been gaining strength from its robust growth momentum and splendid brand performance. From the above analysis, it is apparent that Newell Brands is a stock that deserves a place in your portfolio.
Stocks that Warrant a Look
Some other well-ranked stocks in the retail sector include Ollie's Bargain Outlet Holdings, Inc. (OLLI - Free Report) , The Children's Place, Inc. (PLCE - Free Report) , both sporting a Zacks Rank #1 (Strong Buy) and Blue Buffalo Pet Products, Inc. (BUFF - Free Report) , carrying a Zacks Rank #2.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>