Spectrum Brands Holdings (NYSE:SPB) announced its earnings results on Thursday. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.03, Stock Ratings Network reports. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was up 36.6% on a year-over-year basis.
SPB has been the subject of a number of recent research reports. Analysts at Jefferies Group reiterated a “hold” rating on shares of Spectrum Brands Holdings in a research note to investors on Friday. They now have a $63.02 price target on the stock. On the ratings front, analysts at Monness Crespi & Hardt raised their price target on shares of Spectrum Brands Holdings from $78.00 to $85.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at BMO Capital Markets initiated coverage on shares of Spectrum Brands Holdings in a research note to investors on Thursday, October 17th. They set an “outperform” rating and a $81.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $73.69.
Shares of Spectrum Brands Holdings (NYSE:SPB) opened at 67.87 on Friday. Spectrum Brands Holdings has a one year low of $42.19 and a one year high of $69.82. The stock has a 50-day moving average of $64.98 and a 200-day moving average of $61.70. The company’s market cap is $3.541 billion.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, December 19th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Wednesday, November 27th.
Spectrum Brands Holdings, Inc is a consumer products company. The Company manufactures and markets alkaline, zinc carbon and hearing aid batteries, herbicides, insecticides and repellants and specialty pet supplies.
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