Brokerages forecast that Spectrum Brands (NYSE:SPB) will announce $899.00 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for Spectrum Brands’ earnings. The lowest sales estimate is $883.60 million and the highest is $916.20 million. Spectrum Brands posted sales of $1.30 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 30.8%. The company is scheduled to report its next quarterly earnings report on Thursday, July 26th.
On average, analysts expect that Spectrum Brands will report full year sales of $3.11 billion for the current year, with estimates ranging from $3.09 billion to $3.12 billion. For the next year, analysts forecast that the business will report sales of $3.19 billion per share, with estimates ranging from $3.16 billion to $3.22 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that follow Spectrum Brands.
Spectrum Brands (NYSE:SPB) last issued its earnings results on Thursday, April 26th. The company reported $0.56 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by ($0.45). Spectrum Brands had a return on equity of 12.68% and a net margin of 8.25%. The company had revenue of $766.10 million during the quarter, compared to analyst estimates of $798.83 million. During the same period in the prior year, the business earned $0.86 earnings per share. Spectrum Brands’s quarterly revenue was up 1.3% on a year-over-year basis.
Several equities research analysts have weighed in on the company. Oppenheimer dropped their target price on Spectrum Brands from $130.00 to $105.00 and set an “outperform” rating on the stock in a research report on Friday, May 18th. Wells Fargo & Co set a $132.00 target price on Spectrum Brands and gave the stock a “buy” rating in a research report on Thursday, February 22nd. BMO Capital Markets set a $95.00 target price on Spectrum Brands and gave the stock a “buy” rating in a research report on Friday, April 27th. They noted that the move was a valuation call. Monness Crespi & Hardt dropped their target price on Spectrum Brands from $137.00 to $103.00 and set a “buy” rating on the stock in a research report on Friday, April 27th. Finally, ValuEngine lowered Spectrum Brands from a “hold” rating to a “sell” rating in a research report on Friday, April 27th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $128.09.
Several large investors have recently added to or reduced their stakes in the company. Swiss National Bank grew its stake in shares of Spectrum Brands by 0.5% in the fourth quarter. Swiss National Bank now owns 97,200 shares of the company’s stock worth $10,925,000 after purchasing an additional 500 shares in the last quarter. Verition Fund Management LLC grew its stake in shares of Spectrum Brands by 30.4% in the fourth quarter. Verition Fund Management LLC now owns 2,494 shares of the company’s stock worth $280,000 after purchasing an additional 581 shares in the last quarter. Texas Yale Capital Corp. grew its stake in shares of Spectrum Brands by 5.4% in the fourth quarter. Texas Yale Capital Corp. now owns 12,769 shares of the company’s stock worth $1,435,000 after purchasing an additional 649 shares in the last quarter. Reilly Financial Advisors LLC grew its stake in shares of Spectrum Brands by 4.8% in the first quarter. Reilly Financial Advisors LLC now owns 15,332 shares of the company’s stock worth $1,590,000 after purchasing an additional 696 shares in the last quarter. Finally, GoodHaven Capital Management LLC grew its stake in shares of Spectrum Brands by 1.0% in the first quarter. GoodHaven Capital Management LLC now owns 83,985 shares of the company’s stock worth $8,709,000 after purchasing an additional 795 shares in the last quarter. 47.31% of the stock is owned by institutional investors.
Spectrum Brands traded down $1.46, hitting $77.67, during trading hours on Friday, according to Marketbeat. The company had a trading volume of 748,900 shares, compared to its average volume of 893,018. Spectrum Brands has a fifty-two week low of $60.13 and a fifty-two week high of $138.45. The company has a debt-to-equity ratio of 2.53, a current ratio of 2.76 and a quick ratio of 2.22. The firm has a market capitalization of $4.38 billion, a PE ratio of 14.23, a P/E/G ratio of 1.62 and a beta of 0.83.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 5th. Stockholders of record on Tuesday, May 15th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Monday, May 14th. This represents a $1.68 annualized dividend and a dividend yield of 2.16%. Spectrum Brands’s payout ratio is 30.77%.
Spectrum Brands Company Profile
Spectrum Brands Holdings, Inc manufactures, markets, and distributes branded consumer products. Its Global Batteries & Appliances segment offers consumer batteries; personal care products, including electric shaving and grooming products, and hair care appliances and accessories; and small appliances, such as small kitchen and home appliances.
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