Brokerages expect that Spectrum Brands Holdings Inc (NYSE:SPB) will announce $994.69 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Spectrum Brands’ earnings. The highest sales estimate is $999.10 million and the lowest is $986.70 million. Spectrum Brands posted sales of $787.80 million in the same quarter last year, which would indicate a positive year over year growth rate of 26.3%. The firm is scheduled to report its next earnings report on Monday, November 18th.

On average, analysts expect that Spectrum Brands will report full-year sales of $3.80 billion for the current fiscal year, with estimates ranging from $3.78 billion to $3.81 billion. For the next fiscal year, analysts anticipate that the business will report sales of $3.86 billion, with estimates ranging from $3.85 billion to $3.88 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Spectrum Brands.

Spectrum Brands (NYSE:SPB) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $1.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.13. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1 billion. Spectrum Brands had a return on equity of 6.36% and a net margin of 13.21%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the business earned $1.76 EPS.

Several research analysts have recently commented on SPB shares. Royal Bank of Canada restated a “buy” rating and set a $68.00 price target on shares of Spectrum Brands in a research note on Sunday, August 11th. Deutsche Bank lowered their target price on shares of Spectrum Brands from $60.00 to $56.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Finally, Wells Fargo & Co restated a “hold” rating and set a $53.00 target price on shares of Spectrum Brands in a report on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Spectrum Brands has an average rating of “Buy” and a consensus target price of $55.39.

NYSE SPB traded up $1.61 during trading on Friday, reaching $60.19. The company’s stock had a trading volume of 391,366 shares, compared to its average volume of 479,893. The company has a current ratio of 1.54, a quick ratio of 0.84 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $2.81 billion, a PE ratio of 17.00, a PEG ratio of 3.58 and a beta of 1.74. Spectrum Brands has a 1-year low of $40.54 and a 1-year high of $84.07. The business has a 50-day moving average price of $52.14 and a 200-day moving average price of $55.97.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Thursday, August 22nd will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date is Wednesday, August 21st. Spectrum Brands’s dividend payout ratio (DPR) is presently 47.46%.

In other news, insider David M. Maura purchased 20,000 shares of the business’s stock in a transaction on Friday, August 9th. The stock was purchased at an average price of $50.43 per share, with a total value of $1,008,600.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.40% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Citizens Financial Group Inc RI acquired a new stake in shares of Spectrum Brands during the 1st quarter valued at about $99,000. Tower Research Capital LLC TRC acquired a new position in Spectrum Brands in the second quarter worth about $123,000. Hancock Whitney Corp bought a new position in Spectrum Brands during the second quarter worth about $230,000. Teza Capital Management LLC bought a new position in Spectrum Brands during the second quarter worth about $263,000. Finally, Keybank National Association OH acquired a new stake in Spectrum Brands during the second quarter valued at approximately $283,000.

Spectrum Brands Company Profile

Spectrum Brands Holdings, Inc operates as a branded consumer products company worldwide. The company's Hardware & Home Improvement segment offers hardware products under the National Hardware, Stanley, and FANAL brands; locksets and door hardware under the Kwikset, Weiser, Baldwin, EZSET, and Tell brands; and plumbing products under the Pfister brand.

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Earnings History and Estimates for Spectrum Brands (NYSE:SPB)

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