Brokerages expect Spectrum Brands Holdings Inc (NYSE:SPB) to report $1.02 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Spectrum Brands’ earnings, with estimates ranging from $998.80 million to $1.04 billion. Spectrum Brands posted sales of $945.50 million during the same quarter last year, which would indicate a positive year over year growth rate of 7.9%. The company is scheduled to issue its next quarterly earnings report on Thursday, July 25th.

On average, analysts expect that Spectrum Brands will report full-year sales of $3.80 billion for the current fiscal year, with estimates ranging from $3.77 billion to $3.84 billion. For the next year, analysts expect that the firm will post sales of $3.88 billion, with estimates ranging from $3.84 billion to $3.92 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Spectrum Brands.

Spectrum Brands (NYSE:SPB) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.12). Spectrum Brands had a return on equity of 6.03% and a net margin of 24.97%. The firm had revenue of $906.70 million during the quarter, compared to the consensus estimate of $874.57 million. During the same period in the prior year, the firm posted $0.49 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis.

A number of equities research analysts have recently issued reports on the company. Monness Crespi & Hardt reaffirmed a “buy” rating and set a $77.00 target price (up from $64.00) on shares of Spectrum Brands in a research report on Thursday, May 9th. Deutsche Bank boosted their target price on Spectrum Brands from $52.00 to $58.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. Zacks Investment Research raised Spectrum Brands from a “strong sell” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Thursday, April 11th. Finally, Wells Fargo & Co reaffirmed a “hold” rating and set a $62.00 target price on shares of Spectrum Brands in a research report on Wednesday, May 8th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $57.39.

Institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in shares of Spectrum Brands by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 426,735 shares of the company’s stock valued at $18,029,000 after buying an additional 31,502 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Spectrum Brands by 247.4% during the fourth quarter. Bank of New York Mellon Corp now owns 448,768 shares of the company’s stock valued at $18,961,000 after buying an additional 319,592 shares in the last quarter. OLD National Bancorp IN grew its holdings in shares of Spectrum Brands by 17.7% during the fourth quarter. OLD National Bancorp IN now owns 10,633 shares of the company’s stock valued at $449,000 after buying an additional 1,599 shares in the last quarter. Teachers Advisors LLC grew its holdings in shares of Spectrum Brands by 83.9% during the third quarter. Teachers Advisors LLC now owns 48,024 shares of the company’s stock valued at $3,588,000 after buying an additional 21,909 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of Spectrum Brands by 93.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 14,820 shares of the company’s stock valued at $626,000 after buying an additional 7,177 shares in the last quarter.

Shares of SPB traded down $0.53 during midday trading on Friday, reaching $64.46. The stock had a trading volume of 2,078 shares, compared to its average volume of 562,579. Spectrum Brands has a 52 week low of $40.54 and a 52 week high of $92.72. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.82 and a current ratio of 1.60. The company has a market capitalization of $3.19 billion, a PE ratio of 18.14, a P/E/G ratio of 2.91 and a beta of 1.93.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend is Monday, May 13th. Spectrum Brands’s dividend payout ratio (DPR) is presently 47.46%.

Spectrum Brands Company Profile

Spectrum Brands Holdings, Inc operates as a branded consumer products company worldwide. The company's Hardware & Home Improvement segment offers hardware products under the National Hardware, Stanley, and FANAL brands; locksets and door hardware under the Kwikset, Weiser, Baldwin, EZSET, and Tell brands; and plumbing products under the Pfister brand.

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

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