Spectrum Brands Holdings Inc. (SPB) Expected to Earn Q1 2017 Earnings of $1.16 Per Share
Spectrum Brands Holdings Inc. (NYSE:SPB) – Equities research analysts at Oppenheimer Holdings issued their Q1 2017 EPS estimates for Spectrum Brands Holdings in a research note issued to investors on Friday. Oppenheimer Holdings analyst I. Zaffino anticipates that the brokerage will post earnings per share of $1.16 for the quarter. Oppenheimer Holdings also issued estimates for Spectrum Brands Holdings’ Q2 2017 earnings at $1.19 EPS, Q3 2017 earnings at $1.89 EPS, Q4 2017 earnings at $1.41 EPS and FY2017 earnings at $5.64 EPS.
A number of other brokerages have also weighed in on SPB. Jefferies Group lifted their price objective on shares of Spectrum Brands Holdings from $147.00 to $157.00 and gave the company a “buy” rating in a report on Friday, July 29th. Zacks Investment Research lowered shares of Spectrum Brands Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, October 11th. Monness Crespi & Hardt lifted their price objective on shares of Spectrum Brands Holdings from $125.00 to $138.00 and gave the company 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 price objective for the company. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $141.50.
Shares of Spectrum Brands Holdings (NYSE:SPB) opened at 124.93 on Monday. The stock has a market cap of $7.42 billion, a PE ratio of 20.86 and a beta of 0.71. Spectrum Brands Holdings has a one year low of $87.65 and a one year high of $138.95. The company has a 50-day moving average of $132.87 and a 200 day moving average of $125.93.
Spectrum Brands Holdings (NYSE:SPB) last posted its quarterly earnings results on Thursday, November 17th. The company reported $1.31 EPS for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.02. Spectrum Brands Holdings had a net margin of 6.74% and a return on equity of 17.80%. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the prior year, the company posted $1.13 earnings per share. The business’s revenue for the quarter was down 4.5% on a year-over-year basis.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp raised its position in Spectrum Brands Holdings by 4.1% in the first quarter. State Street Corp now owns 340,232 shares of the company’s stock valued at $37,182,000 after buying an additional 13,338 shares during the period. UBS Group AG raised its position in Spectrum Brands Holdings by 117.5% in the first quarter. UBS Group AG now owns 8,779 shares of the company’s stock valued at $960,000 after buying an additional 4,742 shares during the period. Geode Capital Management LLC raised its position in Spectrum Brands Holdings by 4.0% in the first quarter. Geode Capital Management LLC now owns 165,032 shares of the company’s stock valued at $18,034,000 after buying an additional 6,304 shares during the period. Barclays PLC raised its position in Spectrum Brands Holdings by 75.2% in the first quarter. Barclays PLC now owns 24,995 shares of the company’s stock valued at $2,724,000 after buying an additional 10,725 shares during the period. Finally, Squarepoint Ops LLC raised its position in Spectrum Brands Holdings by 155.6% in the first quarter. Squarepoint Ops LLC now owns 6,900 shares of the company’s stock valued at $754,000 after buying an additional 4,200 shares during the period. Hedge funds and other institutional investors own 47.28% of the company’s stock.
In other news, insider David M. Maura acquired 2,000 shares of Spectrum Brands Holdings stock in a transaction that occurred 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 purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.95% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 30th will be paid a dividend of $0.38 per share. The ex-dividend date is Monday, November 28th. This represents a $1.52 annualized dividend and a dividend yield of 1.22%. Spectrum Brands Holdings’s dividend payout ratio (DPR) is presently 26.67%.
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.
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