Spectrum Brands Holdings, Inc. (NYSE:SPB) posted its earnings results on Thursday, July 27th. The company reported $1.71 EPS for the quarter, missing analysts’ consensus estimates of $1.92 by $0.21, Bloomberg Earnings reports. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.38 billion. Spectrum Brands Holdings had a return on equity of 17.46% and a net margin of 5.87%. The firm’s revenue was down 4.2% compared to the same quarter last year. During the same period last year, the company posted $1.73 EPS.

Spectrum Brands Holdings (NYSE SPB) opened at 111.09 on Wednesday. The firm has a market cap of $6.45 billion, a P/E ratio of 22.75 and a beta of 0.66. The stock has a 50 day moving average price of $123.01 and a 200 day moving average price of $132.06. Spectrum Brands Holdings has a 1-year low of $108.30 and a 1-year high of $146.09.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Tuesday, August 15th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Friday, August 11th. Spectrum Brands Holdings’s dividend payout ratio is currently 34.29%.

A number of hedge funds have recently added to or reduced their stakes in the company. Alps Advisors Inc. increased its stake in Spectrum Brands Holdings by 0.3% in the second quarter. Alps Advisors Inc. now owns 3,445 shares of the company’s stock worth $431,000 after buying an additional 9 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Spectrum Brands Holdings by 0.3% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 6,526 shares of the company’s stock worth $907,000 after buying an additional 20 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Spectrum Brands Holdings by 1.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,463 shares of the company’s stock worth $179,000 after buying an additional 21 shares during the last quarter. Cutter & CO Brokerage Inc. increased its stake in Spectrum Brands Holdings by 1.5% in the second quarter. Cutter & CO Brokerage Inc. now owns 2,392 shares of the company’s stock worth $299,000 after buying an additional 35 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Spectrum Brands Holdings by 1.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,057 shares of the company’s stock worth $564,000 after buying an additional 40 shares during the last quarter. Institutional investors own 48.15% of the company’s stock.

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SPB has been the subject of a number of research reports. Wells Fargo & Company reissued a “buy” rating on shares of Spectrum Brands Holdings in a report on Thursday, July 27th. Jefferies Group LLC reissued a “buy” rating and issued a $150.00 target price (down previously from $165.00) on shares of Spectrum Brands Holdings in a report on Thursday, July 6th. Royal Bank Of Canada reissued a “buy” rating and issued a $160.00 target price on shares of Spectrum Brands Holdings in a report on Thursday, May 25th. Deutsche Bank AG dropped their target price on shares of Spectrum Brands Holdings from $152.00 to $149.00 and set a “buy” rating for the company in a report on Wednesday, May 3rd. Finally, BMO Capital Markets set a $155.00 target price on shares of Spectrum Brands Holdings and gave the stock a “buy” rating in a report on Tuesday, May 2nd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $143.88.

Spectrum Brands Holdings Company Profile

Spectrum Brands Holdings, Inc (SB Holdings) is a diversified global consumer products company. The Company manufactures, markets and/or distributes its products in approximately 160 countries in the North America (NA); Europe, the Middle East and Africa (EMEA); Latin America (LATAM), and Asia-Pacific (APAC) regions.

Earnings History for Spectrum Brands Holdings (NYSE:SPB)

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