Spectrum Brands Holdings (SPB) Receives Media Sentiment Rating of 0.23
Media coverage about Spectrum Brands Holdings (NYSE:SPB) has been trending somewhat positive recently, according to Accern. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Spectrum Brands Holdings earned a news sentiment score of 0.23 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.8931883029983 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media stories that may have effected Accern’s analysis:
- Bad Idea? One Executive Leads Two Companies Hunting for Deals (finance.yahoo.com)
- Spectrum Brands to pay $1.9 mln penalty over defective carafes (finance.yahoo.com)
- Spectrum Brands Holdings, Inc. (SPB) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
- $1.31 Billion in Sales Expected for Spectrum Brands Holdings, Inc. (SPB) This Quarter (americanbankingnews.com)
Shares of Spectrum Brands Holdings (NYSE SPB) opened at 103.99 on Friday. Spectrum Brands Holdings has a 52-week low of $102.27 and a 52-week high of $146.09. The firm has a 50-day moving average price of $105.85 and a 200 day moving average price of $123.64. The stock has a market cap of $6.04 billion, a price-to-earnings ratio of 21.29 and a beta of 0.65.
Spectrum Brands Holdings (NYSE:SPB) last released its earnings results on Thursday, July 27th. The company reported $1.71 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.92 by ($0.21). The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.38 billion. Spectrum Brands Holdings had a net margin of 5.87% and a return on equity of 17.46%. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.73 EPS. Analysts expect that Spectrum Brands Holdings will post $5.59 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Tuesday, August 15th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Friday, August 11th. Spectrum Brands Holdings’s payout ratio is currently 34.29%.
A number of equities research analysts recently commented on SPB shares. BidaskClub lowered Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Royal Bank Of Canada set a $155.00 target price on Spectrum Brands Holdings and gave the company a “buy” rating in a research report on Friday, July 28th. Zacks Investment Research lowered Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Jefferies Group LLC set a $143.00 target price on Spectrum Brands Holdings and gave the company a “buy” rating in a research report on Saturday, July 29th. Finally, Canaccord Genuity reiterated a “buy” rating on shares of Spectrum Brands Holdings in a research report on Thursday, September 28th. Two analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. Spectrum Brands Holdings presently has an average rating of “Buy” and a consensus target price of $144.33.
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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.
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