Spectrum Brands (SPB) Set to Announce Quarterly Earnings on Thursday

Spectrum Brands (NYSE:SPB) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.49 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Spectrum Brands (NYSE:SPB) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.47. The firm had revenue of $692.20 million during the quarter, compared to analyst estimates of $674.20 million. Spectrum Brands had a return on equity of 4.66% and a net margin of 63.89%. Spectrum Brands’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.32) earnings per share. On average, analysts expect Spectrum Brands to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Spectrum Brands Stock Up 2.1 %

Shares of Spectrum Brands stock opened at $85.39 on Tuesday. The company has a quick ratio of 2.75, a current ratio of 3.36 and a debt-to-equity ratio of 0.60. The firm has a market cap of $2.58 billion, a P/E ratio of 1.85, a P/E/G ratio of 0.58 and a beta of 1.20. Spectrum Brands has a fifty-two week low of $65.27 and a fifty-two week high of $89.64. The business has a 50-day moving average price of $83.12 and a 200 day moving average price of $79.37.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Canaccord Genuity Group lowered Spectrum Brands from a “buy” rating to a “hold” rating and upped their target price for the company from $83.00 to $86.00 in a report on Friday, February 9th. Wells Fargo & Company upped their target price on Spectrum Brands from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Friday, February 9th. Royal Bank of Canada upped their target price on Spectrum Brands from $89.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, February 9th. Monness Crespi & Hardt upped their target price on Spectrum Brands from $87.00 to $98.00 and gave the company a “buy” rating in a report on Friday, February 9th. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and set a $86.00 target price (up from $83.00) on shares of Spectrum Brands in a report on Friday, February 9th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $89.17.

Spectrum Brands Company Profile

Spectrum Brands Holdings, Inc operates as a branded consumer products and home essentials company in North America, Europe, the Middle East, Africa, and Asia-Pacific regions. 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, PowerXL, Emeril Legasse, Copper Chef, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington brand.