Media coverage about Spectrum Brands Holdings (NYSE:SPB) has trended somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Spectrum Brands Holdings earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.1695244014855 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern’s rankings:
- Spectrum Brands Holdings, Inc. (NYSE:SPB) Experiences Lighter than Average Trading Volume (highlightpress.com)
- Zacks: Analysts Expect Spectrum Brands Holdings, Inc. (SPB) Will Post Quarterly Sales of $1.39 Billion (americanbankingnews.com)
- Brokerages Expect Spectrum Brands Holdings, Inc. (NYSE:SPB) Will Post Earnings of $1.94 Per Share (americanbankingnews.com)
- Notable Wednesday Option Activity: SPB, GOOGL, TTPH (nasdaq.com)
- Xact Kapitalforvaltning AB Sells 178 Shares of Spectrum Brands Holdings, Inc. (SPB) (cote-ivoire.com)
Spectrum Brands Holdings (NYSE:SPB) opened at 124.21 on Tuesday. Spectrum Brands Holdings has a 52-week low of $113.95 and a 52-week high of $146.09. The firm has a market capitalization of $7.31 billion, a P/E ratio of 23.47 and a beta of 0.69. The company has a 50 day moving average price of $131.08 and a 200 day moving average price of $132.30.
Spectrum Brands Holdings (NYSE:SPB) last posted its quarterly earnings data on Tuesday, May 2nd. The company reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by $0.07. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.22 billion. Spectrum Brands Holdings had a net margin of 6.31% and a return on equity of 17.78%. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.16 earnings per share. On average, equities analysts forecast that Spectrum Brands Holdings will post $5.85 EPS for the current fiscal year.
Several brokerages have issued reports on SPB. Royal Bank Of Canada restated a “buy” rating and set a $160.00 target price on shares of Spectrum Brands Holdings in a research report on Friday, April 21st. Jefferies Group LLC reiterated a “buy” rating and issued a $167.00 price target on shares of Spectrum Brands Holdings in a report on Tuesday, May 2nd. Zacks Investment Research upgraded Spectrum Brands Holdings from a “sell” rating to a “hold” rating in a report on Thursday, April 13th. Deutsche Bank AG lowered their price target on Spectrum Brands Holdings from $152.00 to $149.00 and set a “buy” rating for the company in a report on Wednesday, May 3rd. Finally, BMO Capital Markets set a $155.00 price target on Spectrum Brands Holdings and gave the company a “buy” rating in a report on Tuesday, May 2nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $149.50.
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Spectrum Brands Holdings Company Profile
Spectrum Brands Holdings, Inc (SB Holdings) is a diversified global consumer products company. The Company manufactures, markets and/or distributes its products in approximately 160 countries in the North America (NA); Europe, the Middle East and Africa (EMEA); Latin America (LATAM), and Asia-Pacific (APAC) regions.
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