Headlines about Spectrum Brands (NYSE:SPB) have been trending somewhat positive on Saturday, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Spectrum Brands earned a news impact score of 0.17 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.6528031947163 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern’s analysis:
A number of analysts recently weighed in on the stock. Royal Bank of Canada restated a “buy” rating and set a $155.00 target price on shares of Spectrum Brands in a report on Wednesday, November 15th. BMO Capital Markets reduced their target price on shares of Spectrum Brands from $132.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday. Jefferies Group restated a “buy” rating and set a $145.00 target price on shares of Spectrum Brands in a report on Tuesday, January 9th. Wells Fargo & Co restated a “buy” rating on shares of Spectrum Brands in a report on Tuesday, January 16th. Finally, KeyCorp set a $130.00 target price on shares of Spectrum Brands and gave the stock a “buy” rating in a report on Friday, November 17th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $141.80.
Spectrum Brands (NYSE:SPB) traded down $0.04 during trading on Friday, reaching $102.54. 591,922 shares of the company were exchanged, compared to its average volume of 798,963. Spectrum Brands has a 1 year low of $98.11 and a 1 year high of $146.09. The company has a quick ratio of 2.19, a current ratio of 2.70 and a debt-to-equity ratio of 2.01. The firm has a market cap of $5,961.67, a price-to-earnings ratio of 15.28, a price-to-earnings-growth ratio of 1.84 and a beta of 0.69.
Spectrum Brands (NYSE:SPB) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12. Spectrum Brands had a net margin of 8.80% and a return on equity of 14.51%. The firm had revenue of $646.50 million during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the business posted $1.21 EPS. The company’s revenue was up 7.3% on a year-over-year basis. equities analysts expect that Spectrum Brands will post 4.19 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Tuesday, February 20th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Friday, February 16th. Spectrum Brands’s dividend payout ratio is 25.04%.
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About Spectrum Brands
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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