Zacks: Analysts Expect Spectrum Brands Holdings Inc (SPB) to Post $0.47 EPS

Equities research analysts predict that Spectrum Brands Holdings Inc (NYSE:SPB) will post earnings of $0.47 per share for the current quarter, Zacks reports. Four analysts have issued estimates for Spectrum Brands’ earnings. The lowest EPS estimate is $0.38 and the highest is $0.59. Spectrum Brands reported earnings of ($2.98) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 115.8%. The business is scheduled to issue its next earnings report on Friday, February 8th.

According to Zacks, analysts expect that Spectrum Brands will report full-year earnings of $3.65 per share for the current financial year, with EPS estimates ranging from $2.97 to $4.30. For the next year, analysts forecast that the firm will post earnings of $4.13 per share, with EPS estimates ranging from $3.10 to $4.78. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Spectrum Brands.

Spectrum Brands (NYSE:SPB) last posted its quarterly earnings results on Wednesday, November 21st. The company reported $0.79 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.08 by ($0.29). Spectrum Brands had a net margin of 23.26% and a negative return on equity of 2.43%. The business had revenue of $787.80 million during the quarter, compared to analysts’ expectations of $803.72 million. During the same quarter in the previous year, the business posted $1.35 EPS. The company’s quarterly revenue was up .0% on a year-over-year basis.

A number of brokerages recently issued reports on SPB. Raymond James restated a “buy” rating and issued a $15.00 price target on shares of Spectrum Brands in a research note on Monday. Royal Bank of Canada dropped their price target on shares of Spectrum Brands to $75.00 and set an “outperform” rating for the company in a research note on Monday, November 26th. Zacks Investment Research upgraded shares of Spectrum Brands from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 22nd. BMO Capital Markets dropped their price target on shares of Spectrum Brands from $100.00 to $85.00 and set an “outperform” rating for the company in a research note on Tuesday, November 20th. Finally, Wells Fargo & Co dropped their price target on shares of Spectrum Brands from $70.00 to $50.00 and set a “market perform” rating for the company in a research note on Tuesday, November 20th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $96.58.

Shares of SPB traded down $2.03 during mid-day trading on Wednesday, reaching $47.65. 336,832 shares of the stock traded hands, compared to its average volume of 931,333. The firm has a market capitalization of $2.64 billion, a P/E ratio of 13.46, a P/E/G ratio of 1.70 and a beta of 1.57. Spectrum Brands has a 12-month low of $45.88 and a 12-month high of $119.94. The company has a quick ratio of 2.11, a current ratio of 2.49 and a debt-to-equity ratio of 2.93.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 18th. Shareholders of record on Tuesday, November 27th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, November 26th. This represents a $1.68 annualized dividend and a yield of 3.53%. Spectrum Brands’s payout ratio is presently 47.46%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Texas Yale Capital Corp. grew its stake in shares of Spectrum Brands by 5.4% in the 2nd quarter. Texas Yale Capital Corp. now owns 13,969 shares of the company’s stock valued at $1,140,000 after buying an additional 715 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Spectrum Brands by 16.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,196 shares of the company’s stock valued at $423,000 after buying an additional 725 shares in the last quarter. US Bancorp DE grew its stake in shares of Spectrum Brands by 5.8% in the 3rd quarter. US Bancorp DE now owns 15,337 shares of the company’s stock valued at $1,146,000 after buying an additional 842 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Spectrum Brands by 90.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,765 shares of the company’s stock valued at $207,000 after buying an additional 1,314 shares in the last quarter. Finally, Captrust Financial Advisors bought a new stake in shares of Spectrum Brands in the 3rd quarter valued at approximately $116,000. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Spectrum Brands Company Profile

Spectrum Brands Holdings, Inc, through its subsidiaries, operates as a branded consumer products company that manufactures, markets, and distributes branded consumer products. It supplies consumer batteries, residential locksets, residential builders' hardware, plumbing, shaving and grooming products, personal care products, small household appliances, specialty pet supplies, personal insect repellents, and auto care products, as well as lawn and garden, and home pest control products.

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