Spectrum Brands (SPB) to Release Earnings on Thursday

Spectrum Brands (NYSE:SPB) is projected 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.16). Spectrum Brands had a return on equity of 6.16% and a net margin of 4.21%. The company 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 earnings per share. Spectrum Brands’s revenue for the quarter was up 4.5% on a year-over-year basis. 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 Price Performance

Shares of SPB stock opened at $85.47 on Thursday. Spectrum Brands has a 1 year low of $77.73 and a 1 year high of $96.74. The firm’s 50 day moving average is $87.70 and its 200-day moving average is $89.17. The firm 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 business also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, November 26th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.20%. This is a positive change from Spectrum Brands’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Tuesday, November 26th. Spectrum Brands’s dividend payout ratio is presently 46.08%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SPB shares. Wells Fargo & Company cut their price objective on shares of Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Canaccord Genuity Group increased their price objective on shares of Spectrum Brands from $91.00 to $94.00 and gave the company a “hold” rating in a report on Monday, November 18th. Finally, UBS Group cut their price objective on shares of Spectrum Brands from $114.00 to $109.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $100.75.

About Spectrum Brands

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.