Q1 2018 Earnings Estimate for Spectrum Brands Holdings, Inc. Issued By Jefferies Group (SPB)
Spectrum Brands Holdings, Inc. (NYSE:SPB) – Analysts at Jefferies Group issued their Q1 2018 EPS estimates for Spectrum Brands Holdings in a note issued to investors on Monday. Jefferies Group analyst K. Grundy anticipates that the company will post earnings per share of $1.27 for the quarter. Jefferies Group currently has a “Buy” rating and a $142.00 target price on the stock. Jefferies Group also issued estimates for Spectrum Brands Holdings’ Q2 2018 earnings at $1.47 EPS, Q4 2018 earnings at $1.44 EPS, FY2018 earnings at $6.33 EPS and FY2019 earnings at $7.27 EPS.
Spectrum Brands Holdings (NYSE:SPB) last released its earnings results on Thursday, November 16th. The company reported $1.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.47 by ($0.12). Spectrum Brands Holdings had a net margin of 5.91% and a return on equity of 17.48%. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the firm earned $1.31 EPS. The business’s revenue was up 5.8% on a year-over-year basis.
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A number of other research analysts have also recently issued reports on SPB. Wells Fargo & Company reiterated a “buy” rating on shares of Spectrum Brands Holdings in a research report on Thursday, July 27th. BMO Capital Markets decreased their target price on Spectrum Brands Holdings from $155.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, July 28th. Zacks Investment Research cut Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, July 29th. Royal Bank Of Canada set a $155.00 target price on Spectrum Brands Holdings and gave the company a “buy” rating in a research report on Friday, July 28th. Finally, Deutsche Bank AG restated a “buy” rating and set a $131.00 price target (down from $149.00) on shares of Spectrum Brands Holdings in a report on Monday, July 31st. One 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. The company has a consensus rating of “Buy” and an average price target of $137.25.
Spectrum Brands Holdings (SPB) traded up $0.53 during trading on Wednesday, reaching $114.28. The company’s 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 quick ratio of 0.75 and a current ratio of 1.44. The company has a market capitalization of $6,585.51, a PE ratio of 20.93, a PEG ratio of 1.82 and a beta of 0.75.
Hedge funds have recently made changes to their positions in the stock. Alps Advisors Inc. lifted its stake in Spectrum Brands Holdings by 0.3% in the second quarter. Alps Advisors Inc. now owns 3,445 shares of the company’s stock valued at $431,000 after buying an additional 9 shares during the period. Cutter & CO Brokerage Inc. lifted its stake in Spectrum Brands Holdings by 1.5% in the second quarter. Cutter & CO Brokerage Inc. now owns 2,392 shares of the company’s stock valued at $299,000 after buying an additional 35 shares during the period. Commerce Bank lifted its stake in Spectrum Brands Holdings by 4.5% in the second quarter. Commerce Bank now owns 2,300 shares of the company’s stock valued at $288,000 after buying an additional 100 shares during the period. Aperio Group LLC lifted its stake in Spectrum Brands Holdings by 4.2% in the second quarter. Aperio Group LLC now owns 2,887 shares of the company’s stock valued at $361,000 after buying an additional 116 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its stake in Spectrum Brands Holdings by 3.1% in the second quarter. DekaBank Deutsche Girozentrale now owns 5,226 shares of the company’s stock valued at $664,000 after buying an additional 157 shares during the period. Institutional investors and hedge funds own 47.13% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 19th. Investors of record on Tuesday, November 28th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Monday, November 27th. Spectrum Brands Holdings’s payout ratio is presently 33.33%.
Spectrum Brands Holdings Company Profile
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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