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May 5, 2014
07:12 EDTNWLNewell Rubbermaid low-quality Q1 results an anamoly, says Oppenheimer
Oppenheimer believes that Newell Rubbermaid reported low quality Q1 results, as the EPS beat excluded charges and was helped by a low tax rate. However, the firm expects the company's core sales to rise meaningfully throughout the year and it keeps a $34 price target and Outperform rating on the shares.
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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