Spectrum Brands Holdings, Inc. (SPB) Expected to Post Q4 2017 Earnings of $1.50 Per Share
Spectrum Brands Holdings, Inc. (NYSE:SPB) – Equities researchers at Oppenheimer Holdings dropped their Q4 2017 earnings estimates for Spectrum Brands Holdings in a research note issued on Wednesday. Oppenheimer Holdings analyst I. Zaffino now expects that the company will post earnings per share of $1.50 for the quarter, down from their prior forecast of $1.65. Oppenheimer Holdings currently has a “Buy” rating and a $167.00 price target on the stock.
Several other equities research analysts have also recently issued reports on SPB. BidaskClub upgraded Spectrum Brands Holdings from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Royal Bank Of Canada set a $155.00 price objective on Spectrum Brands Holdings and gave the stock a “buy” rating in a report on Friday, July 28th. 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. BMO Capital Markets decreased their price objective on Spectrum Brands Holdings from $155.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, July 28th. Finally, Deutsche Bank AG restated a “buy” rating and set a $131.00 price objective (down previously from $149.00) on shares of Spectrum Brands Holdings in a report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $146.44.
Spectrum Brands Holdings (NYSE:SPB) opened at 109.96 on Friday. The stock has a 50 day moving average price of $114.11 and a 200 day moving average price of $129.34. The firm has a market cap of $6.38 billion, a price-to-earnings ratio of 22.51 and a beta of 0.66. Spectrum Brands Holdings has a 52 week low of $105.30 and a 52 week high of $146.09.
Spectrum Brands Holdings (NYSE:SPB) last announced its quarterly earnings results on Thursday, July 27th. The company reported $1.71 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.92 by $0.21. Spectrum Brands Holdings had a net margin of 5.87% and a return on equity of 17.46%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the company earned $1.73 EPS. The business’s revenue for the quarter was down 4.2% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Friday, August 11th. Spectrum Brands Holdings’s payout ratio is 34.29%.
Hedge funds have recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Spectrum Brands Holdings during the second quarter worth about $100,000. Daiwa Securities Group Inc. raised its stake in shares of Spectrum Brands Holdings by 33.3% in the second quarter. Daiwa Securities Group Inc. now owns 800 shares of the company’s stock worth $100,000 after buying an additional 200 shares during the last quarter. Pacad Investment Ltd. acquired a new stake in shares of Spectrum Brands Holdings during the second quarter worth about $113,000. Invictus RG acquired a new stake in shares of Spectrum Brands Holdings during the first quarter worth about $156,000. Finally, FNY Partners Fund LP acquired a new stake in shares of Spectrum Brands Holdings during the second quarter worth about $187,000. 47.00% of the stock is currently owned by institutional investors and hedge funds.
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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