Zacks: Analysts Expect Spectrum Brands Holdings Inc (NYSE:SPB) Will Announce Earnings of $1.27 Per Share

Equities analysts predict that Spectrum Brands Holdings Inc (NYSE:SPB) will post earnings per share of $1.27 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Spectrum Brands’ earnings, with the lowest EPS estimate coming in at $1.15 and the highest estimate coming in at $1.47. Spectrum Brands reported earnings per share of $1.76 in the same quarter last year, which indicates a negative year-over-year growth rate of 27.8%. The firm is scheduled to issue its next quarterly earnings results on Thursday, July 25th.

According to Zacks, analysts expect that Spectrum Brands will report full-year earnings of $2.77 per share for the current financial year, with EPS estimates ranging from $2.54 to $2.91. For the next fiscal year, analysts forecast that the business will post earnings of $3.78 per share, with EPS estimates ranging from $3.49 to $3.96. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that follow Spectrum Brands.

Spectrum Brands (NYSE:SPB) last issued its earnings results on Wednesday, May 8th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.12). Spectrum Brands had a net margin of 24.97% and a return on equity of 6.03%. The company had revenue of $906.70 million during the quarter, compared to analyst estimates of $874.57 million. During the same quarter in the prior year, the business earned $0.49 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis.

SPB has been the topic of a number of research analyst reports. Wells Fargo & Co restated a “hold” rating and issued a $62.00 target price on shares of Spectrum Brands in a research report on Wednesday, May 8th. Zacks Investment Research lowered shares of Spectrum Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Monness Crespi & Hardt restated a “buy” rating and issued a $77.00 target price (up previously from $64.00) on shares of Spectrum Brands in a research report on Thursday, May 9th. Finally, Deutsche Bank raised their target price on shares of Spectrum Brands from $52.00 to $58.00 and gave the company a “hold” rating in a research report on Monday, April 8th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $57.39.

A number of hedge funds and other institutional investors have recently made changes to their positions in SPB. PRW Wealth Management LLC bought a new position in Spectrum Brands during the fourth quarter worth $27,000. Captrust Financial Advisors raised its stake in Spectrum Brands by 16.5% during the fourth quarter. Captrust Financial Advisors now owns 1,810 shares of the company’s stock worth $76,000 after buying an additional 256 shares during the last quarter. Citizens Financial Group Inc RI bought a new position in Spectrum Brands during the first quarter worth $99,000. Flinton Capital Management LLC bought a new position in Spectrum Brands during the fourth quarter worth $207,000. Finally, Great West Life Assurance Co. Can raised its stake in Spectrum Brands by 76.7% during the fourth quarter. Great West Life Assurance Co. Can now owns 6,341 shares of the company’s stock worth $256,000 after buying an additional 2,753 shares during the last quarter.

Spectrum Brands stock traded up $1.65 during mid-day trading on Friday, reaching $53.77. The company had a trading volume of 1,010,182 shares, compared to its average volume of 444,724. Spectrum Brands has a fifty-two week low of $40.54 and a fifty-two week high of $92.72. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.82 and a current ratio of 1.60. The firm has a market cap of $2.62 billion, a P/E ratio of 15.19, a P/E/G ratio of 9.02 and a beta of 1.93. The company has a fifty day moving average of $59.16.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend was Monday, May 13th. Spectrum Brands’s payout ratio is currently 47.46%.

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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