Analysts Anticipate Spectrum Brands Holdings, Inc. (NYSE:SPB) Will Post Earnings of $0.40 Per Share

Wall Street brokerages expect Spectrum Brands Holdings, Inc. (NYSE:SPBGet Rating) to post earnings of $0.40 per share for the current quarter, Zacks reports. Two analysts have issued estimates for Spectrum Brands’ earnings. Spectrum Brands reported earnings per share of $1.76 in the same quarter last year, which indicates a negative year over year growth rate of 77.3%. The business is scheduled to announce its next earnings results before the market opens on Monday, January 1st.

On average, analysts expect that Spectrum Brands will report full-year earnings of $3.63 per share for the current fiscal year. For the next financial year, analysts forecast that the company will post earnings of $5.52 per share. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Spectrum Brands.

Spectrum Brands (NYSE:SPBGet Rating) last issued its quarterly earnings data on Friday, February 4th. The company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.11). Spectrum Brands had a return on equity of 10.74% and a net margin of 3.28%. The business had revenue of $757.20 million for the quarter, compared to analysts’ expectations of $728.11 million. During the same period in the previous year, the firm posted $2.13 EPS. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year.

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their price target on Spectrum Brands from $116.00 to $114.00 in a research report on Monday. UBS Group upped their target price on Spectrum Brands from $118.00 to $119.00 and gave the stock a “buy” rating in a research note on Monday, April 4th. Raymond James lowered shares of Spectrum Brands to a “market perform” rating in a report on Wednesday, January 12th. Zacks Investment Research lowered shares of Spectrum Brands from a “hold” rating to a “sell” rating and set a $92.00 target price on the stock. in a report on Monday, January 31st. Finally, National Bank Financial raised shares of Spectrum Brands to an “outperform” rating in a research note on Wednesday, January 26th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Spectrum Brands currently has a consensus rating of “Buy” and a consensus price target of $117.29.

Shares of NYSE:SPB traded down $0.91 during trading on Wednesday, reaching $82.56. The company had a trading volume of 1,358 shares, compared to its average volume of 264,239. The company has a fifty day moving average of $88.74 and a two-hundred day moving average of $93.94. The company has a current ratio of 2.92, a quick ratio of 2.32 and a debt-to-equity ratio of 2.19. The stock has a market capitalization of $3.37 billion, a P/E ratio of 28.41 and a beta of 1.49. Spectrum Brands has a 12 month low of $75.66 and a 12 month high of $107.22.

Several hedge funds have recently added to or reduced their stakes in the business. Fieldpoint Private Securities LLC lifted its stake in Spectrum Brands by 2.5% in the third quarter. Fieldpoint Private Securities LLC now owns 5,906 shares of the company’s stock worth $565,000 after acquiring an additional 146 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in shares of Spectrum Brands by 8.1% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 2,346 shares of the company’s stock valued at $225,000 after purchasing an additional 175 shares in the last quarter. Verdence Capital Advisors LLC boosted its stake in shares of Spectrum Brands by 6.3% during the 1st quarter. Verdence Capital Advisors LLC now owns 3,145 shares of the company’s stock valued at $279,000 after purchasing an additional 186 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its position in shares of Spectrum Brands by 65.0% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 510 shares of the company’s stock valued at $49,000 after buying an additional 201 shares during the period. Finally, Advisor Group Holdings Inc. raised its stake in Spectrum Brands by 17.8% in the fourth quarter. Advisor Group Holdings Inc. now owns 1,710 shares of the company’s stock worth $175,000 after buying an additional 259 shares in the last quarter. Hedge funds and other institutional investors own 95.77% of the company’s stock.

About Spectrum Brands (Get Rating)

Spectrum Brands Holdings, Inc operates as a branded consumer products company worldwide. It operates through three segments: Home and Personal Care; Global Pet Care; and Home and Garden. The Home and Personal Care segment provides home appliances under the Black & Decker, Russell Hobbs, George Foreman, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington and LumaBella brands.

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