Spectrum Brands (SPB) to Release Earnings on Thursday

Spectrum Brands (NYSE:SPB) is anticipated to post its quarterly earnings results before the market opens on Thursday, February 6th. Analysts expect Spectrum Brands to post earnings of $0.91 per share and revenue of $703.52 million for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Spectrum Brands (NYSE:SPB) last announced its earnings results on Friday, November 15th. The company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.16). Spectrum Brands had a return on equity of 6.16% and a net margin of 4.21%. The business had revenue of $773.70 million for the quarter, compared to analyst estimates of $747.80 million. During the same quarter in the previous year, the company posted $1.36 EPS. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, analysts expect Spectrum Brands to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Spectrum Brands Stock Performance

Shares of SPB opened at $85.47 on Thursday. Spectrum Brands has a 12 month low of $77.73 and a 12 month high of $96.74. The firm has a fifty day simple moving average of $87.70 and a 200 day simple moving average of $89.17. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 1.49 and a beta of 1.20. The company has a current ratio of 2.30, a quick ratio of 1.62 and a debt-to-equity ratio of 0.26.

Spectrum Brands Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, November 26th were paid a $0.47 dividend. The ex-dividend date was Tuesday, November 26th. This represents a $1.88 dividend on an annualized basis and a yield of 2.20%. This is a boost from Spectrum Brands’s previous quarterly dividend of $0.42. Spectrum Brands’s dividend payout ratio (DPR) is currently 46.08%.

Wall Street Analysts Forecast Growth

SPB has been the subject of a number of recent analyst reports. UBS Group cut their price target on shares of Spectrum Brands from $114.00 to $109.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Wells Fargo & Company cut their price target on shares of Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Finally, Canaccord Genuity Group increased their price target on shares of Spectrum Brands from $91.00 to $94.00 and gave the company a “hold” rating in a research note on Monday, November 18th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Spectrum Brands presently has an average rating of “Moderate Buy” and an average price target of $100.75.

Spectrum Brands Company Profile

Spectrum Brands Holdings, Inc operates as a branded consumer products and home essentials company in North America, Europe, the Middle East, Africa, and Asia-Pacific regions. It operates through three segments: Home and Personal Care; Global Pet Care; and Home and Garden. The Home and Personal Care segment provides home appliances under the Black & Decker, Russell Hobbs, George Foreman, PowerXL, Emeril Legasse, Copper Chef, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington brand.