Spectrum Brands (NYSE:SPB) Posts Earnings Results

Spectrum Brands (NYSE:SPB) released its quarterly earnings data on Friday. The company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.16), RTT News reports. Spectrum Brands had a net margin of 3.86% and a return on equity of 6.84%. The business had revenue of $773.70 million during the quarter, compared to the consensus estimate of $747.80 million. During the same period last year, the business posted $1.36 earnings per share. The firm’s quarterly revenue was up 4.5% on a year-over-year basis.

Spectrum Brands Stock Performance

NYSE SPB traded down $4.76 during trading hours on Friday, reaching $89.10. 35,035 shares of the company were exchanged, compared to its average volume of 381,037. The stock has a market capitalization of $2.50 billion, a P/E ratio of 25.28, a P/E/G ratio of 0.26 and a beta of 1.23. The company has a quick ratio of 1.61, a current ratio of 2.28 and a debt-to-equity ratio of 0.26. The business’s 50 day simple moving average is $91.58 and its 200-day simple moving average is $89.35. Spectrum Brands has a 1 year low of $65.27 and a 1 year high of $96.74.

Spectrum Brands Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, November 26th will be issued a dividend of $0.47 per share. The ex-dividend date is Tuesday, November 26th. Spectrum Brands’s dividend payout ratio (DPR) is presently 47.46%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SPB. Wells Fargo & Company raised their price target on shares of Spectrum Brands from $87.00 to $90.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Spectrum Brands from $91.00 to $94.00 and gave the company a “hold” rating in a research report on Friday, August 9th. Finally, UBS Group raised their price target on shares of Spectrum Brands from $111.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Spectrum Brands currently has an average rating of “Hold” and a consensus target price of $101.88.

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.