Spectrum Brands Holdings Inc. (NYSE:SPB) – Equities research analysts at Gabelli issued their FY2020 earnings per share (EPS) estimates for Spectrum Brands Holdings in a report released on Thursday. Gabelli analyst Z. Bodini expects that the brokerage will post earnings per share of $8.10 for the year.

Spectrum Brands Holdings (NYSE:SPB) last issued its quarterly earnings results on Thursday, July 28th. The company reported $1.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.69 by $0.04. The firm earned $1.36 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Spectrum Brands Holdings had a net margin of 5.44% and a return on equity of 17.79%. Spectrum Brands Holdings’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.42 EPS.

Earnings History and Estimates for Spectrum Brands Holdings (NYSE:SPB)

A number of other analysts have also issued reports on SPB. Zacks Investment Research upgraded shares of Spectrum Brands Holdings from a “hold” rating to a “buy” rating and set a $131.00 price objective on the stock in a research note on Saturday, June 18th. Jefferies Group reiterated a “buy” rating and set a $143.00 price objective on shares of Spectrum Brands Holdings in a research note on Wednesday, June 22nd. Deutsche Bank AG reiterated a “buy” rating and set a $140.00 price objective (up previously from $125.00) on shares of Spectrum Brands Holdings in a research note on Sunday, July 24th. Monness Crespi & Hardt lifted their price target on shares of Spectrum Brands Holdings from $125.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Finally, Piper Jaffray Cos. started coverage on shares of Spectrum Brands Holdings in a research note on Thursday, September 1st. They issued an “overweight” rating and a $147.00 price target for the company. Eight investment analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of $142.50.

Shares of Spectrum Brands Holdings (NYSE:SPB) traded up 0.49% during mid-day trading on Friday, reaching $134.92. 283,555 shares of the company were exchanged. Spectrum Brands Holdings has a 12 month low of $87.65 and a 12 month high of $138.95. The company’s 50-day moving average is $132.75 and its 200 day moving average is $121.79. The firm has a market capitalization of $8.01 billion, a price-to-earnings ratio of 27.41 and a beta of 0.65.

A number of hedge funds have recently added to or reduced their stakes in SPB. FMR LLC raised its stake in Spectrum Brands Holdings by 42.5% in the second quarter. FMR LLC now owns 2,707,671 shares of the company’s stock valued at $323,052,000 after buying an additional 806,895 shares during the last quarter. Vanguard Group Inc. raised its stake in Spectrum Brands Holdings by 3.0% in the second quarter. Vanguard Group Inc. now owns 1,907,356 shares of the company’s stock valued at $227,566,000 after buying an additional 55,451 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Spectrum Brands Holdings by 2.4% in the second quarter. JPMorgan Chase & Co. now owns 1,133,028 shares of the company’s stock valued at $135,181,000 after buying an additional 27,063 shares during the last quarter. First Trust Advisors LP raised its stake in Spectrum Brands Holdings by 58.6% in the second quarter. First Trust Advisors LP now owns 1,073,829 shares of the company’s stock valued at $128,119,000 after buying an additional 396,790 shares during the last quarter. Finally, Bessemer Group Inc. raised its stake in Spectrum Brands Holdings by 7.7% in the second quarter. Bessemer Group Inc. now owns 973,027 shares of the company’s stock valued at $116,092,000 after buying an additional 69,462 shares during the last quarter. Hedge funds and other institutional investors own 45.41% of the company’s stock.

In other Spectrum Brands Holdings news, insider David M. Maura bought 2,000 shares of the stock in a transaction on Thursday, September 15th. The stock was purchased at an average price of $127.47 per share, for a total transaction of $254,940.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Stacey L. Neu sold 800 shares of the business’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $128.04, for a total transaction of $102,432.00. Following the sale, the senior vice president now owns 3,850 shares of the company’s stock, valued at approximately $492,954. The disclosure for this sale can be found here. 0.95% of the stock is currently owned by corporate insiders.

About Spectrum Brands Holdings

Spectrum Brands Holdings, Inc (SBH) is a diversified consumer products company. The Company operates through five segments: Global Batteries & Appliances, Global Pet Supplies, Home and Garden, Hardware & Home Improvement, and Global Auto Care. The Company’s Global Batteries & Appliances segment includes consumer batteries, small appliances and personal care products.

5 Day Chart for NYSE:SPB

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