Q1 2017 Earnings Estimate for Spectrum Brands Holdings Inc. (SPB) Issued By KeyCorp
Spectrum Brands Holdings Inc. (NYSE:SPB) – Investment analysts at KeyCorp lowered their Q1 2017 earnings estimates for shares of Spectrum Brands Holdings in a note issued to investors on Thursday. KeyCorp analyst J. Gere now forecasts that the brokerage will post earnings per share of $1.08 for the quarter, down from their previous estimate of $1.13. KeyCorp also issued estimates for Spectrum Brands Holdings’ Q3 2017 earnings at $1.95 EPS, Q4 2017 earnings at $1.56 EPS, Q3 2018 earnings at $2.11 EPS, Q4 2018 earnings at $1.67 EPS and FY2018 earnings at $6.35 EPS.
Spectrum Brands Holdings (NYSE:SPB) last released its quarterly earnings results on Thursday, November 17th. The company reported $1.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.02. Spectrum Brands Holdings had a net margin of 5.44% and a return on equity of 17.79%. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the company earned $1.13 earnings per share. The business’s revenue for the quarter was down 4.5% on a year-over-year basis.
Other equities analysts have also issued reports about the stock. Monness Crespi & Hardt upped their price objective on shares of Spectrum Brands Holdings from $125.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Zacks Investment Research upgraded shares of Spectrum Brands Holdings from a “hold” rating to a “buy” rating and set a $151.00 price objective on the stock in a report on Saturday, October 15th. Deutsche Bank AG restated a “buy” rating and issued a $140.00 price objective (up from $125.00) on shares of Spectrum Brands Holdings in a report on Sunday, July 24th. Jefferies Group upped their price objective on shares of Spectrum Brands Holdings from $147.00 to $157.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Finally, Piper Jaffray Cos. started coverage on shares of Spectrum Brands Holdings in a report on Thursday, September 1st. They set an “overweight” rating and a $147.00 target price on the stock. Eight analysts have rated the stock with a buy rating, Spectrum Brands Holdings currently has a consensus rating of “Buy” and a consensus price target of $142.50.
Spectrum Brands Holdings (NYSE:SPB) traded down 2.52% during trading on Friday, reaching $121.47. 804,334 shares of the company’s stock traded hands. The company has a 50 day moving average price of $133.64 and a 200-day moving average price of $125.64. The company has a market cap of $7.22 billion, a PE ratio of 24.68 and a beta of 0.71. Spectrum Brands Holdings has a 12-month low of $87.65 and a 12-month high of $138.95.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Monday, November 28th. Spectrum Brands Holdings’s dividend payout ratio is presently 32.69%.
In other news, insider David M. Maura acquired 2,000 shares of the company’s stock in a transaction on Thursday, September 15th. The shares were bought at an average cost of $127.47 per share, with a total value of $254,940.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 0.95% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the stock. Public Employees Retirement Association of Colorado increased its stake in shares of Spectrum Brands Holdings by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 792 shares of the company’s stock worth $109,000 after buying an additional 3 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Spectrum Brands Holdings during the third quarter worth approximately $111,000. GAM Holding AG purchased a new stake in shares of Spectrum Brands Holdings during the second quarter worth approximately $101,000. Riverhead Capital Management LLC bought a new position in Spectrum Brands Holdings during the third quarter worth approximately $124,000. Finally, Acrospire Investment Management LLC increased its position in Spectrum Brands Holdings by 150.0% in the third quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock worth $138,000 after buying an additional 600 shares during the period. 46.76% of the stock is currently owned by institutional investors.
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.
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