Spectrum Brands (SPB) Set to Announce Earnings on Friday

Spectrum Brands (NYSE:SPB) is scheduled to release its earnings data before the market opens on Friday, November 15th. Analysts expect Spectrum Brands to post earnings of $1.13 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Spectrum Brands (NYSE:SPB) last issued its quarterly earnings results on Thursday, August 8th. The company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.25). Spectrum Brands had a net margin of 3.86% and a return on equity of 6.84%. The business had revenue of $779.40 million during the quarter, compared to analyst estimates of $750.97 million. During the same period in the previous year, the company posted $0.75 earnings per share. Spectrum Brands’s revenue was up 6.0% 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 Up 1.9 %

NYSE SPB opened at $91.40 on Friday. The company has a market capitalization of $2.56 billion, a P/E ratio of 25.82, a PEG ratio of 0.26 and a beta of 1.23. Spectrum Brands has a 12 month low of $65.27 and a 12 month high of $96.74. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.28 and a quick ratio of 1.61. The company’s 50 day simple moving average is $91.57 and its 200 day simple moving average is $88.93.

Analyst Upgrades and Downgrades

SPB has been the topic of several analyst reports. UBS Group lifted their target price on shares of Spectrum Brands from $111.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Spectrum Brands from $91.00 to $94.00 and gave the company a “hold” rating in a research note on Friday, August 9th. Finally, Wells Fargo & Company raised their target price on Spectrum Brands from $87.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $101.88.

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.