Equities Analysts Set Expectations for Spectrum Brands Holdings, Inc.’s Q1 2018 Earnings (SPB)
Spectrum Brands Holdings, Inc. (NYSE:SPB) – Stock analysts at Oppenheimer Holdings issued their Q1 2018 earnings per share (EPS) estimates for Spectrum Brands Holdings in a research note issued to investors on Monday. Oppenheimer Holdings analyst I. Zaffino anticipates that the company will post earnings per share of $1.30 for the quarter. Oppenheimer Holdings has a “Buy” rating and a $167.00 price target on the stock. Oppenheimer Holdings also issued estimates for Spectrum Brands Holdings’ Q2 2018 earnings at $1.35 EPS, Q3 2018 earnings at $1.95 EPS, Q4 2018 earnings at $1.60 EPS and FY2018 earnings at $6.20 EPS.
Other equities analysts have also recently issued reports about the company. Jefferies Group LLC set a $143.00 price objective on Spectrum Brands Holdings and gave the stock a “buy” rating in a report on Saturday, July 29th. Deutsche Bank AG reissued a “buy” rating and issued a $131.00 target price (down previously from $149.00) on shares of Spectrum Brands Holdings in a research note on Monday, July 31st. Wells Fargo & Company reissued a “buy” rating on shares of Spectrum Brands Holdings in a research note on Thursday, July 27th. Canaccord Genuity reissued a “buy” rating on shares of Spectrum Brands Holdings in a research note on Wednesday, November 15th. Finally, Bank of America Corporation boosted their target price on Spectrum Brands Holdings from $113.00 to $116.00 and gave the company a “neutral” rating in a research note on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $137.25.
Spectrum Brands Holdings (NYSE:SPB) traded up $0.53 on Tuesday, hitting $114.28. The stock had a trading volume of 509,100 shares, compared to its average volume of 433,136. Spectrum Brands Holdings has a 1 year low of $98.11 and a 1 year high of $146.09. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.44 and a quick ratio of 0.75. The stock has a market cap of $6,620.00, a PE ratio of 20.83, a P/E/G ratio of 1.83 and a beta of 0.75.
Spectrum Brands Holdings (NYSE:SPB) last posted its quarterly earnings data on Thursday, November 16th. The company reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.12). Spectrum Brands Holdings had a return on equity of 17.48% and a net margin of 5.91%. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the previous year, the company posted $1.31 earnings per share. Spectrum Brands Holdings’s revenue for the quarter was up 5.8% compared to the same quarter last year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Tuesday, November 28th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Monday, November 27th. Spectrum Brands Holdings’s dividend payout ratio (DPR) is presently 33.47%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. raised its position in Spectrum Brands Holdings by 33.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 800 shares of the company’s stock valued at $100,000 after purchasing an additional 200 shares during the last quarter. Pacad Investment Ltd. bought a new position in Spectrum Brands Holdings during the 2nd quarter valued at approximately $113,000. Toronto Dominion Bank raised its position in Spectrum Brands Holdings by 244.3% during the 3rd quarter. Toronto Dominion Bank now owns 1,119 shares of the company’s stock valued at $119,000 after purchasing an additional 794 shares during the last quarter. FNY Partners Fund LP bought a new position in Spectrum Brands Holdings during the 2nd quarter valued at approximately $187,000. Finally, SG Americas Securities LLC raised its position in Spectrum Brands Holdings by 50.6% during the 2nd quarter. SG Americas Securities LLC now owns 1,586 shares of the company’s stock valued at $198,000 after purchasing an additional 533 shares during the last quarter. 47.13% of the stock is owned by institutional investors and hedge funds.
About Spectrum Brands Holdings
Spectrum Brands Holdings, Inc (SB Holdings) is a diversified global consumer products company. The Company manufactures, markets and/or distributes its products in approximately 160 countries in the North America (NA); Europe, the Middle East and Africa (EMEA); Latin America (LATAM), and Asia-Pacific (APAC) regions.
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