Equities research analysts expect Spectrum Brands Holdings Inc (NYSE:SPB) to announce earnings per share (EPS) of $0.40 for the current quarter, Zacks reports. Two analysts have provided estimates for Spectrum Brands’ earnings, with estimates ranging from $0.34 to $0.48. Spectrum Brands reported earnings of ($0.20) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 300%. The business is scheduled to announce its next earnings results on Thursday, February 6th.
According to Zacks, analysts expect that Spectrum Brands will report full year earnings of $3.72 per share for the current financial year, with EPS estimates ranging from $3.53 to $3.82. For the next financial year, analysts forecast that the business will report earnings of $4.08 per share, with EPS estimates ranging from $3.82 to $4.32. Zacks’ EPS averages are a mean average based on a survey of analysts that cover Spectrum Brands.
Spectrum Brands (NYSE:SPB) last posted its quarterly earnings results on Wednesday, November 13th. The company reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.04. Spectrum Brands had a net margin of 12.32% and a return on equity of 7.17%. The business had revenue of $993.00 million during the quarter, compared to analyst estimates of $990.38 million. During the same period in the previous year, the business posted $0.79 EPS. The company’s quarterly revenue was up 26.0% on a year-over-year basis.
SPB has been the subject of several research reports. Wells Fargo & Co decreased their price target on shares of Spectrum Brands from $53.00 to $52.00 and set a “market perform” rating for the company in a report on Tuesday, October 15th. ValuEngine lowered shares of Spectrum Brands from a “hold” rating to a “sell” rating in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Spectrum Brands presently has an average rating of “Hold” and an average target price of $56.79.
Shares of NYSE SPB traded up $0.57 during midday trading on Friday, hitting $62.73. The company’s stock had a trading volume of 685,549 shares, compared to its average volume of 522,275. Spectrum Brands has a 1-year low of $40.54 and a 1-year high of $66.50. The firm’s fifty day moving average price is $58.06 and its 200-day moving average price is $54.20. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.97 and a current ratio of 1.45. The firm has a market cap of $3.04 billion, a P/E ratio of 21.93, a P/E/G ratio of 0.87 and a beta of 1.82.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Monday, November 25th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend is Friday, November 22nd. Spectrum Brands’s payout ratio is 58.74%.
A number of institutional investors have recently bought and sold shares of SPB. Benjamin F. Edwards & Company Inc. acquired a new position in Spectrum Brands during the 3rd quarter valued at about $26,000. Strs Ohio boosted its stake in Spectrum Brands by 11,360.0% during the 3rd quarter. Strs Ohio now owns 573 shares of the company’s stock valued at $30,000 after purchasing an additional 568 shares during the period. Pacer Advisors Inc. acquired a new position in Spectrum Brands during the 3rd quarter valued at about $37,000. Dupont Capital Management Corp acquired a new position in Spectrum Brands during the 3rd quarter valued at about $39,000. Finally, IMA Wealth Inc. acquired a new position in Spectrum Brands during the 3rd quarter valued at about $46,000.
Spectrum Brands Company Profile
Spectrum Brands Holdings, Inc operates as a branded consumer products company worldwide. The company's Hardware & Home Improvement segment offers hardware products under the National Hardware, Stanley, and FANAL brands; locksets and door hardware under the Kwikset, Weiser, Baldwin, EZSET, and Tell brands; and plumbing products under the Pfister brand.
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