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%.
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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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