Spectrum Brands (NYSE:SPB) Issues Quarterly Earnings Results, Beats Estimates By $1.33 EPS

Spectrum Brands (NYSE:SPB) released its earnings results on Friday. The company reported $2.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $1.33, Zacks reports. The business had revenue of $753.30 million during the quarter, compared to the consensus estimate of $732.19 million. Spectrum Brands had a net margin of 4.47% and a return on equity of 8.23%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.24 earnings per share.

Here are the key takeaways from Spectrum Brands’ conference call:

• Q3 net sales rose 7.7% year over year, or 6.6% organically, with growth across all three business units. Home & Garden delivered a record $225 million quarter, while Global Pet Care and Home & Personal Care also posted sales growth.
• Management raised its fiscal 2026 adjusted EBITDA outlook, excluding tariff refunds, to mid-single-digit growth. Adjusted EBITDA excluding refunds increased 27.5% in Q3, supported by pricing, mix, productivity actions, and higher volume.
• Spectrum ended the quarter with nearly $260 million in cash, no revolver borrowings, and net leverage of about one times. The company repurchased approximately $15.8 million of stock and has more than $300 million remaining under its authorization.
• Fourth-quarter performance is expected to moderate as Home & Garden faces unfavorable weather and elevated retailer inventories, while Global Pet Care encounters tough comparisons. Home & Personal Care is still expected to post a full-year sales decline because of weak consumer demand, competition, and a reduced U.S. portfolio.
• The company has recognized substantially all expected IEEPA tariff refunds, with about half received as of the call and most of the remainder expected by year-end. Management emphasized that the refunds are a one-time recovery of prior tariff-related losses, with proceeds intended partly for rehiring and renewed commercial investment.

Spectrum Brands Trading Up 2.3%

Shares of NYSE SPB traded up $2.01 during trading on Friday, reaching $90.27. The company had a trading volume of 766,086 shares, compared to its average volume of 310,697. The stock has a market cap of $2.08 billion, a P/E ratio of 17.23, a PEG ratio of 2.77 and a beta of 0.63. The company’s fifty day moving average price is $85.44 and its 200-day moving average price is $79.21. The company has a quick ratio of 1.42, a current ratio of 2.29 and a debt-to-equity ratio of 0.30. Spectrum Brands has a 12 month low of $49.99 and a 12 month high of $99.06.

Spectrum Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, August 25th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $1.88 annualized dividend and a dividend yield of 2.1%. Spectrum Brands’s payout ratio is currently 35.88%.

Insiders Place Their Bets

In other news, CEO David M. Maura bought 2,500 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was acquired at an average price of $72.85 per share, with a total value of $182,125.00. Following the completion of the purchase, the chief executive officer directly owned 790,708 shares of the company’s stock, valued at approximately $57,603,077.80. This represents a 0.32% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 4.50% of the company’s stock.

Institutional Trading of Spectrum Brands

Several hedge funds have recently modified their holdings of SPB. Invesco Ltd. grew its position in Spectrum Brands by 34.9% in the 4th quarter. Invesco Ltd. now owns 76,529 shares of the company’s stock valued at $4,521,000 after purchasing an additional 19,819 shares during the period. Corient Private Wealth LLC lifted its stake in shares of Spectrum Brands by 798.7% in the fourth quarter. Corient Private Wealth LLC now owns 35,425 shares of the company’s stock valued at $2,093,000 after buying an additional 31,483 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of Spectrum Brands by 53.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 16,434 shares of the company’s stock valued at $971,000 after buying an additional 5,724 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Spectrum Brands by 4.0% during the fourth quarter. Empowered Funds LLC now owns 89,020 shares of the company’s stock valued at $5,259,000 after buying an additional 3,423 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Spectrum Brands during the fourth quarter valued at about $424,000.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SPB. Wells Fargo & Company upped their price target on shares of Spectrum Brands from $80.00 to $85.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Spectrum Brands in a research report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $81.00 price target on shares of Spectrum Brands in a research report on Friday, May 8th. Canaccord Genuity Group dropped their price objective on Spectrum Brands from $100.00 to $99.00 and set a “buy” rating for the company in a report on Wednesday, June 17th. Finally, Wall Street Zen cut shares of Spectrum Brands from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Spectrum Brands presently has a consensus rating of “Moderate Buy” and an average target price of $87.00.

Key Headlines Impacting Spectrum Brands

Here are the key news stories impacting Spectrum Brands this week:

• Positive Sentiment: Strong earnings and sales beat: Spectrum Brands reported fiscal Q3 earnings of $2.79 per share, well above analyst estimates of approximately $1.46-$1.49 and up from $1.24 a year earlier. Revenue rose 7.7% year over year to $753.3 million, exceeding the $732.2 million consensus estimate. Spectrum Brands Holdings Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: Broad-based operating momentum: All three businesses delivered year-over-year top-line growth, while margin expansion supported the earnings outperformance. The Home & Garden segment was a key contributor, with sales increasing 19% year over year. Spectrum Brands’ Q3 Earnings Beat, Home & Garden Unit Sales Up 19% Y/Y
• Positive Sentiment: Raised outlook: Management increased its fiscal 2026 EBITDA outlook, reinforcing expectations that the company’s sales growth and margin improvements can continue. The stronger outlook was a central catalyst for the positive investor reaction. Spectrum Brands posts strong earnings beat and raises EBITDA outlook
• Neutral Sentiment: Shareholder returns and sentiment: Spectrum Brands maintained its quarterly dividend at $0.47 per share, payable September 22, and shareholders supported the board and governance proposals at the annual meeting. Brokerages also maintained a consensus “Moderate Buy” recommendation. Spectrum Brands Holdings Declares Quarterly Common Stock Dividend of $0.47 Per Share

Spectrum Brands Company Profile

Spectrum Brands Holdings, Inc is a global consumer products company that develops and markets a diverse portfolio of branded household and personal care products. Organized into four principal business segments—Hardware & Home Improvement, Home & Garden, Pet, and Appliances & Personal Care—the company offers a broad range of items including security and plumbing solutions, small electric appliances, grooming tools, and pet care accessories. Its hardware division features well-known brands such as Kwikset, Baldwin and Pfister, while the home appliance segment is anchored by names like Russell Hobbs and Remington.