Spectrum Brands (SPB) Issues Earnings Results, Beats Expectations By $0.12 EPS

Spectrum Brands (NYSE:SPB) issued its earnings results on Thursday. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.12, Briefing.com reports. Spectrum Brands had a return on equity of 17.48% and a net margin of 5.91%. The business had revenue of $646.50 million during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the company posted $1.21 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year.

Shares of Spectrum Brands (SPB) opened at $111.00 on Friday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.75 and a current ratio of 1.44. The company has a market capitalization of $6,416.66, a P/E ratio of 22.02, a price-to-earnings-growth ratio of 1.67 and a beta of 0.69. Spectrum Brands has a twelve month low of $98.11 and a twelve month high of $146.09.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Tuesday, February 20th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Friday, February 16th. Spectrum Brands’s dividend payout ratio is currently 33.33%.

SPB has been the subject of a number of research analyst reports. Wells Fargo & Co reaffirmed a “buy” rating on shares of Spectrum Brands in a research report on Wednesday, December 20th. Rowe reaffirmed a “buy” rating and issued a $167.00 target price on shares of Spectrum Brands in a research report on Wednesday, January 3rd. Oppenheimer reaffirmed a “buy” rating on shares of Spectrum Brands in a research report on Wednesday, December 20th. Gabelli raised Spectrum Brands from a “hold” rating to a “buy” rating in a research report on Friday, November 17th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $155.00 target price on shares of Spectrum Brands in a research report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $142.50.

Institutional investors and hedge funds have recently modified their holdings of the business. Toronto Dominion Bank increased its holdings in Spectrum Brands by 244.3% during the 3rd quarter. Toronto Dominion Bank now owns 1,119 shares of the company’s stock worth $119,000 after purchasing an additional 794 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in Spectrum Brands during the 4th quarter worth approximately $202,000. Stoneridge Investment Partners LLC bought a new stake in Spectrum Brands during the 3rd quarter worth approximately $214,000. Parametrica Management Ltd purchased a new position in shares of Spectrum Brands in the 4th quarter worth approximately $300,000. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of Spectrum Brands by 20.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 2,766 shares of the company’s stock worth $346,000 after buying an additional 466 shares during the last quarter. 47.68% of the stock is owned by hedge funds and other institutional investors.

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Spectrum Brands 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.

Earnings History for Spectrum Brands (NYSE:SPB)

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