Spectrum Brands Holdings, Inc. (NYSE:SPB) – Analysts at Jefferies Group issued their Q1 2018 EPS estimates for shares of Spectrum Brands in a report released on Monday, according to Zacks Investment Research. Jefferies Group analyst K. Grundy expects that the company will earn $1.27 per share for the quarter. Jefferies Group currently has a “Buy” rating and a $142.00 target price on the stock. Jefferies Group also issued estimates for Spectrum Brands’ Q2 2018 earnings at $1.47 EPS, Q4 2018 earnings at $1.44 EPS, FY2018 earnings at $6.33 EPS and FY2019 earnings at $7.27 EPS.
Several other equities research analysts also recently weighed in on SPB. BidaskClub raised shares of Spectrum Brands from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Oppenheimer reissued a “buy” rating and issued a $167.00 price objective on shares of Spectrum Brands in a research report on Wednesday, August 30th. Canaccord Genuity reissued a “buy” rating on shares of Spectrum Brands in a research report on Thursday, September 28th. Zacks Investment Research raised shares of Spectrum Brands from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, KeyCorp set a $130.00 price objective on shares of Spectrum Brands and gave the company a “buy” rating in a research report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $137.25.
Shares of Spectrum Brands (NYSE:SPB) traded up $1.11 on Wednesday, reaching $115.70. 547,429 shares of the company traded hands, compared to its average volume of 437,692. Spectrum Brands has a 1 year low of $98.11 and a 1 year high of $146.09. The stock has a market cap of $6,625.85, a P/E ratio of 21.06, a P/E/G ratio of 1.83 and a beta of 0.76. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.75 and a current ratio of 1.44.
Spectrum Brands (NYSE:SPB) last announced its earnings results on Thursday, November 16th. The company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.12). Spectrum Brands had a return on equity of 17.48% and a net margin of 5.91%. The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the previous year, the company earned $1.31 earnings per share. Spectrum Brands’s quarterly revenue was up 5.8% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Tuesday, November 28th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Monday, November 27th. Spectrum Brands’s dividend payout ratio is presently 33.33%.
Institutional investors have recently modified their holdings of the company. Daiwa Securities Group Inc. boosted its holdings in shares of Spectrum Brands by 33.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 800 shares of the company’s stock valued at $100,000 after buying an additional 200 shares in the last quarter. Pacad Investment Ltd. acquired a new position in shares of Spectrum Brands in the 2nd quarter valued at $113,000. Toronto Dominion Bank boosted its holdings in shares of Spectrum Brands by 244.3% in the 3rd quarter. Toronto Dominion Bank now owns 1,119 shares of the company’s stock valued at $119,000 after buying an additional 794 shares in the last quarter. FNY Partners Fund LP acquired a new position in shares of Spectrum Brands in the 2nd quarter valued at $187,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Spectrum Brands by 50.6% in the 2nd quarter. SG Americas Securities LLC now owns 1,586 shares of the company’s stock valued at $198,000 after buying an additional 533 shares in the last quarter. Institutional investors and hedge funds own 48.26% of the company’s stock.
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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.
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