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.

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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.

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

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