Brokerages expect Spectrum Brands Holdings Inc (NYSE:SPB) to post earnings of $0.44 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Spectrum Brands’ earnings, with the lowest EPS estimate coming in at $0.15 and the highest estimate coming in at $0.79. Spectrum Brands posted earnings per share of ($1.12) during the same quarter last year, which suggests a positive year-over-year growth rate of 139.3%. The business is scheduled to report its next quarterly earnings report on Friday, May 3rd.
According to Zacks, analysts expect that Spectrum Brands will report full year earnings of $2.55 per share for the current year, with EPS estimates ranging from $1.57 to $4.30. For the next year, analysts forecast that the company will report earnings of $3.28 per share, with EPS estimates ranging from $2.22 to $4.50. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Spectrum Brands.
Spectrum Brands (NYSE:SPB) last released its quarterly earnings results on Thursday, February 7th. The company reported ($0.20) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.60). Spectrum Brands had a net margin of 3.32% and a return on equity of 3.24%. The company had revenue of $874.60 million for the quarter, compared to the consensus estimate of $910.97 million. During the same period last year, the company earned $0.38 earnings per share. Spectrum Brands’s revenue for the quarter was up 35.5% compared to the same quarter last year.
Several analysts have recently commented on the stock. Zacks Investment Research raised shares of Spectrum Brands from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 22nd. Royal Bank of Canada reduced their price objective on shares of Spectrum Brands to $75.00 and set an “outperform” rating on the stock in a research note on Monday, November 26th. BMO Capital Markets reduced their price objective on shares of Spectrum Brands from $100.00 to $85.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 20th. Raymond James reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Spectrum Brands in a research note on Monday, December 3rd. Finally, Deutsche Bank cut shares of Spectrum Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $62.50.
Shares of SPB traded up $0.92 during mid-day trading on Friday, hitting $56.41. 533,000 shares of the company traded hands, compared to its average volume of 697,696. Spectrum Brands has a one year low of $40.54 and a one year high of $103.88. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.12 and a quick ratio of 0.91. The stock has a market capitalization of $3.02 billion, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 1.64 and a beta of 1.90.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 19th were paid a $0.42 dividend. The ex-dividend date was Friday, February 15th. This represents a $1.68 dividend on an annualized basis and a yield of 2.98%. Spectrum Brands’s payout ratio is presently 47.46%.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Captrust Financial Advisors raised its holdings in Spectrum Brands by 16.5% in the fourth quarter. Captrust Financial Advisors now owns 1,810 shares of the company’s stock worth $76,000 after purchasing an additional 256 shares during the period. Country Club Trust Company n.a. raised its holdings in Spectrum Brands by 8.3% in the fourth quarter. Country Club Trust Company n.a. now owns 6,445 shares of the company’s stock worth $272,000 after purchasing an additional 496 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in Spectrum Brands by 100.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,000 shares of the company’s stock worth $42,000 after purchasing an additional 500 shares during the period. PRW Wealth Management LLC acquired a new stake in Spectrum Brands in the fourth quarter worth $27,000. Finally, US Bancorp DE raised its holdings in Spectrum Brands by 5.8% in the third quarter. US Bancorp DE now owns 15,337 shares of the company’s stock worth $1,146,000 after purchasing an additional 842 shares during the period. Institutional investors own 97.98% of the company’s stock.
About Spectrum Brands
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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