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Stock Market & Financial Investment News

News Breaks
March 8, 2013
14:41 EDTNWLNewell Rubbermaid April call active as shares trade at five-year high
Newell Rubbermaid April 25 and 26 calls are active on total call volume of 4,200 contracts (105 puts). April, June and September call option implied volatility of 22 is below its 26-week average of 24 according to Track Data. Active call volume suggests traders taking positions for large price movement.
News For NWL From The Last 14 Days
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March 4, 2015
12:27 EDTNWLNewell Rubbermaid sees core sales growth in 2016/2017 more than 4%
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07:09 EDTNWLNewell Rubbermaid reaffirms FY15 EPS $2.10-$2.18, consensus $2.15
Reaffirms FY15 core sales growth of 3.5%-4.5%. Sees FY15 net revenue up 4%-4%. The 2015 normalized EPS guidance range excludes between $80M-$120M of Project Renewal restructuring and restructuring-related charges and other project costs. Cumulative costs of Project Renewal are expected to be $540M-$575M pretax, with cash costs of $510M-$540M. Project Renewal is expected to generate annualized cost savings of approximately $470M-$525M by the end of 2017. The majority of these savings will be reinvested in incremental advertising and promotion in order to drive accelerated core sales growth and further geographic expansion in developing markets around the world. The company is currently on track to realize annualized cost savings from the first two phases of Project Renewal of approximately $270M-$325M by the middle of 2015.

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