Brokerages expect that Spectrum Brands Holdings, Inc. (NYSE:SPB) will report $1.27 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Spectrum Brands’ earnings, with estimates ranging from $1.25 billion to $1.28 billion. Spectrum Brands reported sales of $1.21 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 5%. The firm is expected to report its next quarterly earnings report before the market opens on Thursday, February 8th.

On average, analysts expect that Spectrum Brands will report full-year sales of $1.27 billion for the current fiscal year, with estimates ranging from $5.23 billion to $5.26 billion. For the next year, analysts anticipate that the business will post sales of $5.38 billion per share, with estimates ranging from $5.34 billion to $5.39 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Spectrum Brands.

Spectrum Brands (NYSE:SPB) last issued its quarterly earnings results on Thursday, November 16th. The company reported $1.35 EPS 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 business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the firm earned $1.31 earnings per share. The company’s quarterly revenue was up 5.8% compared to the same quarter last year.

Several equities research analysts have commented on SPB shares. Jefferies Group reissued a “buy” rating and set a $142.00 price target on shares of Spectrum Brands in a research report on Thursday, November 16th. Wells Fargo & Co reissued a “buy” rating on shares of Spectrum Brands in a research report on Wednesday, December 20th. KeyCorp set a $140.00 price target on shares of Spectrum Brands and gave the stock a “buy” rating in a research report on Tuesday, January 16th. BMO Capital Markets set a $132.00 price target on shares of Spectrum Brands and gave the stock a “buy” rating in a research report on Friday, November 17th. Finally, Oppenheimer reissued a “buy” rating and set a $167.00 price target on shares of Spectrum Brands in a research report on Monday, November 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $142.50.

Shares of Spectrum Brands (SPB) opened at $113.34 on Monday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.75 and a current ratio of 1.44. Spectrum Brands has a 52-week low of $98.11 and a 52-week high of $146.09. The company has a market cap of $6,531.33, a PE ratio of 22.49, a price-to-earnings-growth ratio of 1.70 and a beta of 0.69.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 20th will be issued a $0.42 dividend. The ex-dividend date is Friday, February 16th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.48%. Spectrum Brands’s payout ratio is 33.33%.

Several hedge funds have recently modified their holdings of SPB. Alliancebernstein L.P. raised its holdings in shares of Spectrum Brands by 19.9% in the 2nd quarter. Alliancebernstein L.P. now owns 17,160 shares of the company’s stock valued at $2,146,000 after purchasing an additional 2,851 shares during the period. Voya Investment Management LLC raised its holdings in shares of Spectrum Brands by 26.3% in the 2nd quarter. Voya Investment Management LLC now owns 35,393 shares of the company’s stock valued at $4,425,000 after purchasing an additional 7,373 shares during the period. Numeric Investors LLC bought a new stake in shares of Spectrum Brands in the 2nd quarter valued at about $1,025,000. Royal Bank of Canada raised its holdings in shares of Spectrum Brands by 125.2% in the 2nd quarter. Royal Bank of Canada now owns 24,106 shares of the company’s stock valued at $3,015,000 after purchasing an additional 13,404 shares during the period. Finally, Flinton Capital Management LLC raised its holdings in shares of Spectrum Brands by 4.8% in the 2nd quarter. Flinton Capital Management LLC now owns 6,320 shares of the company’s stock valued at $790,000 after purchasing an additional 288 shares during the period. 47.79% of the stock is currently owned by institutional investors.

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About Spectrum Brands

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

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