Spectrum Brands (SPB) Given Daily Media Impact Score of 0.14
News articles about Spectrum Brands (NYSE:SPB) have been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Spectrum Brands earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news articles about the company an impact score of 45.6823413518427 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Spectrum Brands (SPB) Upgraded by Zacks Investment Research to “Hold” (americanbankingnews.com)
- Spectrum Brands Sees Unusually High Options Volume (SPB) (americanbankingnews.com)
- Stock Traders Purchase High Volume of Spectrum Brands Call Options (SPB) (americanbankingnews.com)
- Brokers Offer Predictions for Spectrum Brands Holdings, Inc.’s Q4 2019 Earnings (SPB) (americanbankingnews.com)
- Spectrum Brands in talks with majority shareholder on ‘potential strategic transaction’ (finance.yahoo.com)
SPB has been the topic of several recent analyst reports. Wells Fargo & Co reissued a “buy” rating on shares of Spectrum Brands in a research report on Wednesday, December 20th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $155.00 target price on shares of Spectrum Brands in a research report on Wednesday, November 15th. Jefferies Group reaffirmed a “buy” rating and issued a $145.00 target price on shares of Spectrum Brands in a research report on Tuesday, January 9th. Gabelli raised Spectrum Brands from a “hold” rating to a “buy” rating in a research report on Friday, November 17th. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of Spectrum Brands in a research report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $142.50.
Spectrum Brands (NYSE:SPB) last issued its earnings results on Thursday, November 16th. The company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.12). Spectrum Brands had a return on equity of 17.48% and a net margin of 5.91%. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the company earned $1.31 earnings per share. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. sell-side analysts forecast that Spectrum Brands will post 6.15 earnings per share for the current fiscal year.
Spectrum Brands 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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