Q3 2018 EPS Estimates for Spectrum Brands Holdings, Inc. (NYSE:SPB) Raised by Analyst

Spectrum Brands Holdings, Inc. (NYSE:SPB) – Equities research analysts at Jefferies Group raised their Q3 2018 earnings per share (EPS) estimates for Spectrum Brands in a report issued on Tuesday, Zacks Investment Research reports. Jefferies Group analyst K. Grundy now forecasts that the company will earn $2.17 per share for the quarter, up from their previous forecast of $2.16. Jefferies Group has a “Buy” rating and a $145.00 price objective on the stock. Jefferies Group also issued estimates for Spectrum Brands’ Q4 2018 earnings at $1.23 EPS, FY2019 earnings at $6.78 EPS and FY2020 earnings at $7.78 EPS.

Spectrum Brands (NYSE:SPB) last posted its quarterly earnings data on Thursday, November 16th. The company reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.12). The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.30 billion. Spectrum Brands had a return on equity of 17.48% and a net margin of 5.91%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.31 earnings per share.

SPB has been the topic of a number of other reports. Wells Fargo & Co reiterated a “buy” rating on shares of Spectrum Brands in a research note on Wednesday, December 20th. Rowe reiterated a “buy” rating and issued a $167.00 price objective on shares of Spectrum Brands in a research note on Wednesday, January 3rd. Oppenheimer reiterated a “buy” rating on shares of Spectrum Brands in a research note on Wednesday, December 20th. Gabelli upgraded Spectrum Brands from a “hold” rating to a “buy” rating in a research note on Friday, November 17th. Finally, Royal Bank of Canada restated a “buy” rating and set a $155.00 price target on shares of Spectrum Brands in a research note 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 given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $142.50.

Spectrum Brands (SPB) traded down $4.43 during trading on Thursday, hitting $113.34. The stock had a trading volume of 635,947 shares, compared to its average volume of 645,380. The company has a quick ratio of 0.75, a current ratio of 1.44 and a debt-to-equity ratio of 2.06. The company has a market capitalization of $6,531.33, a price-to-earnings ratio of 22.49, a PEG ratio of 1.70 and a beta of 0.69. Spectrum Brands has a twelve month low of $98.11 and a twelve month high of $146.09.

Institutional investors and hedge funds have recently modified their holdings of the stock. Pacad Investment Ltd. bought a new position in Spectrum Brands during the second quarter valued at about $113,000. Toronto Dominion Bank boosted its holdings in Spectrum Brands by 244.3% during the third quarter. Toronto Dominion Bank now owns 1,119 shares of the company’s stock valued at $119,000 after purchasing an additional 794 shares in the last quarter. FNY Partners Fund LP acquired a new stake in Spectrum Brands during the second quarter valued at approximately $187,000. SG Americas Securities LLC boosted its holdings in Spectrum Brands by 50.6% during the second quarter. SG Americas Securities LLC now owns 1,586 shares of the company’s stock valued at $198,000 after purchasing an additional 533 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in Spectrum Brands during the fourth quarter valued at approximately $202,000. Hedge funds and other institutional investors own 47.79% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Tuesday, February 20th will be paid a dividend of $0.42 per share. The ex-dividend date is Friday, February 16th. This represents a $1.68 annualized dividend and a yield of 1.48%. Spectrum Brands’s dividend payout ratio is 33.33%.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece of content on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/02/04/spectrum-brands-holdings-inc-forecasted-to-earn-q3-2018-earnings-of-2-17-per-share-spb.html.

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.

Get a free copy of the Zacks research report on Spectrum Brands (SPB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Spectrum Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spectrum Brands and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply