Wall Street analysts forecast that Spectrum Brands Holdings, Inc. (NYSE:SPB) will report earnings per share of $1.47 for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Spectrum Brands Holdings’ earnings, with the highest EPS estimate coming in at $1.56 and the lowest estimate coming in at $1.42. Spectrum Brands Holdings reported earnings per share of $1.31 in the same quarter last year, which would suggest a positive year-over-year growth rate of 12.2%. The business is scheduled to report its next earnings report on Thursday, November 16th.
On average, analysts expect that Spectrum Brands Holdings will report full-year earnings of $5.57 per share for the current fiscal year, with EPS estimates ranging from $5.51 to $5.66. For the next fiscal year, analysts expect that the company will report earnings of $6.29 per share, with EPS estimates ranging from $5.90 to $6.62. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Spectrum Brands Holdings.
Spectrum Brands Holdings (NYSE:SPB) last released its quarterly earnings results on Thursday, July 27th. The company reported $1.71 earnings per share for the quarter, missing analysts’ consensus estimates of $1.92 by $0.21. Spectrum Brands Holdings had a net margin of 5.87% and a return on equity of 17.46%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the firm posted $1.73 earnings per share. The firm’s quarterly revenue was down 4.2% on a year-over-year basis.
Several research firms recently commented on SPB. BidaskClub raised shares of Spectrum Brands Holdings from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Royal Bank Of Canada set a $155.00 price objective on shares of Spectrum Brands Holdings and gave the stock a “buy” rating in a report on Friday, July 28th. Jefferies Group LLC set a $143.00 price objective on shares of Spectrum Brands Holdings and gave the stock a “buy” rating in a report on Saturday, July 29th. BMO Capital Markets cut their price objective on shares of Spectrum Brands Holdings from $155.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, July 28th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $131.00 price objective (down from $149.00) on shares of Spectrum Brands Holdings in a report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. Spectrum Brands Holdings currently has an average rating of “Buy” and a consensus price target of $146.38.
A number of hedge funds and other institutional investors have recently bought and sold shares of SPB. BlackRock Inc. lifted its stake in Spectrum Brands Holdings by 5,054.7% in the 1st quarter. BlackRock Inc. now owns 1,208,769 shares of the company’s stock worth $168,030,000 after purchasing an additional 1,185,319 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Spectrum Brands Holdings by 21.0% in the 1st quarter. JPMorgan Chase & Co. now owns 1,614,442 shares of the company’s stock worth $224,423,000 after purchasing an additional 280,396 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Spectrum Brands Holdings by 164.2% in the 1st quarter. Bank of New York Mellon Corp now owns 355,613 shares of the company’s stock worth $49,434,000 after purchasing an additional 221,030 shares in the last quarter. Schroder Investment Management Group raised its position in shares of Spectrum Brands Holdings by 29.7% during the 2nd quarter. Schroder Investment Management Group now owns 812,903 shares of the company’s stock valued at $101,084,000 after buying an additional 186,285 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Spectrum Brands Holdings by 3,962.2% during the 1st quarter. Renaissance Technologies LLC now owns 182,800 shares of the company’s stock valued at $25,411,000 after buying an additional 178,300 shares in the last quarter. Institutional investors and hedge funds own 47.01% of the company’s stock.
Spectrum Brands Holdings (NYSE:SPB) traded up 1.51% during midday trading on Monday, hitting $104.62. 299,057 shares of the stock were exchanged. Spectrum Brands Holdings has a 1-year low of $102.27 and a 1-year high of $146.09. The firm has a market capitalization of $6.07 billion, a P/E ratio of 21.42 and a beta of 0.68. The firm’s 50-day moving average price is $110.85 and its 200 day moving average price is $128.18.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Tuesday, August 15th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Friday, August 11th. Spectrum Brands Holdings’s dividend payout ratio is presently 34.29%.
About Spectrum Brands Holdings
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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