Brokerages expect Spectrum Brands Holdings Inc (NYSE:SPB) to announce earnings per share (EPS) of $1.09 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Spectrum Brands’ earnings. The lowest EPS estimate is $1.03 and the highest is $1.12. Spectrum Brands posted earnings per share of $0.79 in the same quarter last year, which would suggest a positive year-over-year growth rate of 38%. The company is scheduled to announce its next quarterly earnings report on Monday, November 18th.

According to Zacks, analysts expect that Spectrum Brands will report full-year earnings of $2.82 per share for the current financial year, with EPS estimates ranging from $2.74 to $2.86. For the next year, analysts forecast that the firm will post earnings of $3.85 per share, with EPS estimates ranging from $3.80 to $3.95. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Spectrum Brands.

Spectrum Brands (NYSE:SPB) last released its earnings results on Wednesday, August 7th. The company reported $1.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.13. Spectrum Brands had a net margin of 13.21% and a return on equity of 6.36%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the firm earned $1.76 earnings per share. The business’s quarterly revenue was down .7% compared to the same quarter last year.

A number of equities research analysts have recently weighed in on the stock. Royal Bank of Canada restated a “buy” rating and issued a $68.00 price objective on shares of Spectrum Brands in a report on Sunday, August 11th. Wells Fargo & Co reiterated a “hold” rating and set a $53.00 target price on shares of Spectrum Brands in a research note on Wednesday, August 7th. Finally, Deutsche Bank dropped their target price on Spectrum Brands from $60.00 to $56.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Spectrum Brands currently has an average rating of “Buy” and an average price target of $55.39.

NYSE SPB traded up $1.61 on Friday, hitting $60.19. 391,366 shares of the stock were exchanged, compared to its average volume of 479,893. Spectrum Brands has a fifty-two week low of $40.54 and a fifty-two week high of $84.07. The company has a 50-day moving average price of $52.14 and a 200-day moving average price of $55.97. The company has a quick ratio of 0.84, a current ratio of 1.54 and a debt-to-equity ratio of 1.21. The company has a market cap of $2.81 billion, a PE ratio of 17.00, a PEG ratio of 3.58 and a beta of 1.74.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, August 22nd will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, August 21st. This represents a $1.68 annualized dividend and a dividend yield of 2.79%. Spectrum Brands’s dividend payout ratio is presently 47.46%.

In related news, insider David M. Maura bought 20,000 shares of the stock in a transaction dated Friday, August 9th. The stock was acquired at an average price of $50.43 per share, for a total transaction of $1,008,600.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.40% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Hancock Whitney Corp purchased a new position in Spectrum Brands during the 2nd quarter worth approximately $230,000. United Services Automobile Association lifted its stake in Spectrum Brands by 2.0% in the second quarter. United Services Automobile Association now owns 139,632 shares of the company’s stock valued at $7,508,000 after buying an additional 2,707 shares during the last quarter. Nuveen Asset Management LLC purchased a new stake in Spectrum Brands in the second quarter valued at approximately $5,352,000. UBS Asset Management Americas Inc. boosted its holdings in shares of Spectrum Brands by 9.6% in the second quarter. UBS Asset Management Americas Inc. now owns 58,369 shares of the company’s stock valued at $3,138,000 after acquiring an additional 5,112 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Spectrum Brands in the second quarter valued at approximately $835,000.

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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