Spectrum Brands (SPB) Expected to Announce Earnings of $1.09 Per Share

Equities analysts forecast that Spectrum Brands (NYSE:SPB) will report earnings of $1.09 per share for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Spectrum Brands’ earnings, with the lowest EPS estimate coming in at $0.97 and the highest estimate coming in at $1.17. Spectrum Brands posted earnings per share of $1.19 during the same quarter last year, which would suggest a negative year-over-year growth rate of 8.4%. The company is expected to issue its next earnings results before the market opens on Thursday, April 26th.

On average, analysts expect that Spectrum Brands will report full year earnings of $4.35 per share for the current fiscal year, with EPS estimates ranging from $4.10 to $4.45. For the next year, analysts anticipate that the business will report earnings of $5.25 per share, with EPS estimates ranging from $4.65 to $7.05. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Spectrum Brands.

Spectrum Brands (NYSE:SPB) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.12. The company had revenue of $646.50 million during the quarter, compared to the consensus estimate of $1.26 billion. Spectrum Brands had a return on equity of 14.51% and a net margin of 8.80%. Spectrum Brands’s revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.21 earnings per share.

Several equities analysts have weighed in on SPB shares. Wells Fargo reissued a “buy” rating on shares of Spectrum Brands in a research report on Wednesday, December 20th. Rowe reissued a “buy” rating and set a $167.00 target price on shares of Spectrum Brands in a research note on Wednesday, January 3rd. KeyCorp set a $140.00 price target on shares of Spectrum Brands and gave the company a “buy” rating in a report on Tuesday, January 16th. Oppenheimer restated a “buy” rating on shares of Spectrum Brands in a report on Wednesday, December 20th. Finally, Jefferies Group restated a “buy” rating and set a $145.00 price target on shares of Spectrum Brands in a report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $140.60.

Spectrum Brands stock traded down $0.19 during mid-day trading on Thursday, hitting $98.99. 273,485 shares of the company were exchanged, compared to its average volume of 720,013. The company has a debt-to-equity ratio of 2.01, a quick ratio of 2.19 and a current ratio of 2.70. The company has a market capitalization of $5,675.75, a price-to-earnings ratio of 18.16, a PEG ratio of 1.54 and a beta of 0.78. Spectrum Brands has a 12-month low of $89.36 and a 12-month high of $146.09.

Several institutional investors have recently bought and sold shares of the company. Captrust Financial Advisors bought a new stake in Spectrum Brands in the fourth quarter worth $177,000. State of Alaska Department of Revenue bought a new stake in Spectrum Brands in the fourth quarter worth $202,000. Ellington Management Group LLC bought a new stake in Spectrum Brands in the fourth quarter worth $202,000. Eagle Boston Investment Management Inc. bought a new stake in Spectrum Brands in the fourth quarter worth $201,000. Finally, Assetmark Inc. boosted its holdings in Spectrum Brands by 153.7% in the fourth quarter. Assetmark Inc. now owns 1,923 shares of the company’s stock worth $216,000 after purchasing an additional 1,165 shares in the last quarter. Institutional investors and hedge funds own 48.39% of the company’s stock.

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About Spectrum Brands

Spectrum Brands Holdings, Inc manufactures, markets, and distributes branded consumer products. Its Global Batteries & Appliances segment offers consumer batteries; personal care products, including electric shaving and grooming products, and hair care appliances and accessories; and small appliances, such as small kitchen and home appliances.

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Earnings History and Estimates for Spectrum Brands (NYSE:SPB)

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