Spectrum Brands Holdings Inc. (NYSE:SPB) – KeyCorp raised their Q2 2017 earnings estimates for shares of Spectrum Brands Holdings in a report issued on Wednesday. KeyCorp analyst J. Gere now anticipates that the firm will earn $1.27 per share for the quarter, up from their prior forecast of $1.26. KeyCorp also issued estimates for Spectrum Brands Holdings’ Q3 2017 earnings at $1.94 EPS, Q4 2017 earnings at $1.54 EPS and FY2017 earnings at $5.88 EPS.

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

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

SPB has been the topic of several other research reports. Piper Jaffray Cos. began coverage on shares of Spectrum Brands Holdings in a research note on Thursday, September 1st. They set an “overweight” rating and a $147.00 price target on the stock. Zacks Investment Research raised shares of Spectrum Brands Holdings from a “hold” rating to a “buy” rating and set a $131.00 price target on the stock in a research note on Saturday, June 18th. Jefferies Group lifted their price target on shares of Spectrum Brands Holdings from $157.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday. Deutsche Bank AG reaffirmed a “buy” rating and set a $140.00 price target (up previously from $125.00) on shares of Spectrum Brands Holdings in a research note on Sunday, July 24th. Finally, Monness Crespi & Hardt lifted their price target on shares of Spectrum Brands Holdings from $138.00 to $151.00 and gave the stock a “buy” rating in a research note on Thursday, September 29th. Eight research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average target price of $142.50.

Shares of Spectrum Brands Holdings (NYSE:SPB) opened at 134.92 on Friday. Spectrum Brands Holdings has a 52 week low of $87.65 and a 52 week high of $138.95. The firm has a market cap of $8.01 billion, a P/E ratio of 27.41 and a beta of 0.65. The stock’s 50 day moving average is $132.75 and its 200 day moving average is $121.79.

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

Several hedge funds and other institutional investors have recently bought and sold shares of SPB. Highland Capital Management LLC raised its position in Spectrum Brands Holdings by 1.1% in the third quarter. Highland Capital Management LLC now owns 12,642 shares of the company’s stock valued at $1,741,000 after buying an additional 143 shares during the period. Eagle Asset Management Inc. raised its position in Spectrum Brands Holdings by 12.8% in the third quarter. Eagle Asset Management Inc. now owns 37,262 shares of the company’s stock valued at $5,130,000 after buying an additional 4,221 shares during the period. Royal Bank of Canada raised its position in Spectrum Brands Holdings by 12.4% in the second quarter. Royal Bank of Canada now owns 2,443 shares of the company’s stock valued at $292,000 after buying an additional 270 shares during the period. Public Employees Retirement System of Ohio raised its position in Spectrum Brands Holdings by 351.4% in the second quarter. Public Employees Retirement System of Ohio now owns 36,189 shares of the company’s stock valued at $4,318,000 after buying an additional 28,172 shares during the period. Finally, Sterling Capital Management LLC acquired a new position in Spectrum Brands Holdings during the second quarter valued at approximately $1,299,000. 45.41% of the stock is owned by institutional investors and hedge funds.

Spectrum Brands Holdings Company Profile

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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