Spectrum Brands Holdings, Inc. (SPB) Issues Earnings Results
Spectrum Brands Holdings, Inc. (NYSE:SPB) posted its earnings results on Thursday. The company reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.12), Bloomberg Earnings reports. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.30 billion. Spectrum Brands Holdings had a net margin of 5.87% and a return on equity of 17.46%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.31 earnings per share.
Shares of Spectrum Brands Holdings (NYSE SPB) opened at $109.50 on Friday. Spectrum Brands Holdings has a one year low of $98.11 and a one year high of $146.09. The company has a current ratio of 1.88, a quick ratio of 0.95 and a debt-to-equity ratio of 2.24. The firm has a market cap of $6,370.00, a PE ratio of 19.11, a P/E/G ratio of 1.65 and a beta of 0.75.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 19th. Investors of record on Tuesday, November 28th will be paid 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 Monday, November 27th. Spectrum Brands Holdings’s dividend payout ratio is currently 34.22%.
A number of equities research analysts have issued reports on the company. Royal Bank Of Canada reiterated a “buy” rating and issued a $155.00 target price on shares of Spectrum Brands Holdings in a research note on Wednesday. Jefferies Group LLC reiterated a “buy” rating and issued a $142.00 target price on shares of Spectrum Brands Holdings in a research note on Thursday. Canaccord Genuity reiterated a “buy” rating on shares of Spectrum Brands Holdings in a research note on Wednesday. KeyCorp set a $130.00 target price on Spectrum Brands Holdings and gave the company a “buy” rating in a research note on Monday, October 16th. Finally, Zacks Investment Research upgraded Spectrum Brands Holdings from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $140.00.
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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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