Spectrum Brands Holdings, Inc. (NYSE:SPB) announced a quarterly dividend on Monday, January 29th, Zacks reports. Investors of record on Tuesday, February 20th will be given a dividend of 0.42 per share on Tuesday, March 13th. This represents a $1.68 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Friday, February 16th.
Spectrum Brands has increased its dividend payment by an average of 11.9% annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Spectrum Brands has a payout ratio of 27.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Spectrum Brands to earn $5.09 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 33.0%.
Spectrum Brands (SPB) traded down $0.04 during trading on Friday, reaching $102.54. The company had a trading volume of 591,922 shares, compared to its average volume of 798,963. Spectrum Brands has a 12 month low of $98.11 and a 12 month high of $146.09. 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 stock has a market capitalization of $5,935.02, a PE ratio of 15.28, a PEG ratio of 1.84 and a beta of 0.69.
Spectrum Brands (NYSE:SPB) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.12. Spectrum Brands had a return on equity of 14.51% and a net margin of 8.80%. The business had revenue of $646.50 million during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the company posted $1.21 earnings per share. Spectrum Brands’s revenue for the quarter was up 7.3% on a year-over-year basis. equities research analysts anticipate that Spectrum Brands will post 4.19 EPS for the current fiscal year.
Several analysts have issued reports on the company. BMO Capital Markets cut their price target on Spectrum Brands from $132.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, February 13th. Wells Fargo & Co reissued a “buy” rating and set a $132.00 price target on shares of Spectrum Brands in a report on Thursday, February 8th. Zacks Investment Research lowered Spectrum Brands from a “hold” rating to a “strong sell” rating in a report on Saturday, February 10th. Bank of America boosted their price target on Spectrum Brands from $113.00 to $116.00 and gave the company a “neutral” rating in a report on Friday, November 17th. Finally, KeyCorp set a $140.00 price target on Spectrum Brands and gave the company a “buy” rating in a report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company’s stock. Spectrum Brands presently has a consensus rating of “Buy” and an average price target of $141.80.
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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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