Q4 2017 EPS Estimates for Spectrum Brands Holdings, Inc. (SPB) Lowered by Oppenheimer Holdings
Spectrum Brands Holdings, Inc. (NYSE:SPB) – Equities researchers at Oppenheimer Holdings reduced their Q4 2017 EPS estimates for Spectrum Brands Holdings in a research note issued on Wednesday. Oppenheimer Holdings analyst I. Zaffino now anticipates that the company will earn $1.50 per share for the quarter, down from their previous forecast of $1.65. Oppenheimer Holdings currently has a “Buy” rating and a $167.00 target price on the stock.
SPB has been the topic of several other reports. Wells Fargo & Company reissued a “buy” rating on shares of Spectrum Brands Holdings in a research note on Thursday, July 27th. BidaskClub downgraded shares of Spectrum Brands Holdings from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 8th. Jefferies Group LLC reissued a “buy” rating and set a $150.00 target price (down from $165.00) on shares of Spectrum Brands Holdings in a research note on Thursday, July 6th. Deutsche Bank AG reissued a “buy” rating and set a $131.00 target price (down from $149.00) on shares of Spectrum Brands Holdings in a research note on Monday, July 31st. Finally, BMO Capital Markets cut their target price on shares of Spectrum Brands Holdings from $155.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $146.38.
ILLEGAL ACTIVITY NOTICE: This piece was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another site, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2017/09/02/q4-2017-eps-estimates-for-spectrum-brands-holdings-inc-spb-lowered-by-oppenheimer-holdings.html.
Shares of Spectrum Brands Holdings (NYSE SPB) opened at 109.60 on Friday. Spectrum Brands Holdings has a 12-month low of $105.30 and a 12-month high of $146.09. The firm has a market cap of $6.36 billion, a PE ratio of 22.44 and a beta of 0.69. The stock’s 50 day moving average price is $113.75 and its 200 day moving average price is $129.18.
Spectrum Brands Holdings (NYSE:SPB) last posted its quarterly earnings data on Thursday, July 27th. The company reported $1.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.92 by $0.21. Spectrum Brands Holdings had a return on equity of 17.46% and a net margin of 5.87%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the business earned $1.73 EPS. Spectrum Brands Holdings’s revenue for the quarter was down 4.2% compared to the same quarter last year.
The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Friday, August 11th. Spectrum Brands Holdings’s dividend payout ratio (DPR) is presently 34.29%.
Several institutional investors have recently bought and sold shares of the company. DekaBank Deutsche Girozentrale increased its position in Spectrum Brands Holdings by 41.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 5,069 shares of the company’s stock worth $721,000 after buying an additional 1,479 shares during the period. Flinton Capital Management LLC increased its position in Spectrum Brands Holdings by 22.4% in the first quarter. Flinton Capital Management LLC now owns 6,032 shares of the company’s stock worth $838,000 after buying an additional 1,104 shares during the period. American Century Companies Inc. increased its position in Spectrum Brands Holdings by 18.0% in the first quarter. American Century Companies Inc. now owns 530,552 shares of the company’s stock worth $73,752,000 after buying an additional 80,932 shares during the period. State Board of Administration of Florida Retirement System increased its position in Spectrum Brands Holdings by 5.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 42,558 shares of the company’s stock worth $5,916,000 after buying an additional 2,048 shares during the period. Finally, Chicago Equity Partners LLC bought a new position in Spectrum Brands Holdings during the first quarter worth $528,000. 47.00% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Stock Ratings for Spectrum Brands Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spectrum Brands Holdings Inc. and related stocks with our FREE daily email newsletter.