2023-03-06 16:02:37 ET
Newell Brands ( NASDAQ: NWL ) fell 7.16% on Monday on light volume as the stock fell to its lowest level of the year. The stock is down more than 40% over the last 52-week.
Investors are concerned that near-term results for Newell Brands ( NWL ) will be challenging even with a new restructuring program in place.
Seeking Alpha contributor Heinsite Capital thinks a difficult macroeconomic environment and the ongoing de-stocking by retailers will hurt earnings for Newell Brands ( NWL ).
There are also some questions with some analysts on the ability of Newell Brands ( NWL ) to pay down its debt and maintain the dividend payout if sales pressure persists.
The Seeking Alpha Quant Rating on Newell Brands is Hold.
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Why did Newell Brands stock drop today? Near-term challenges look daunting