Spectrum Brands Holdings, Inc. (NYSE:SPB) – Investment analysts at Oppenheimer lowered their Q4 2021 earnings per share estimates for Spectrum Brands in a note issued to investors on Sunday, April 4th. Oppenheimer analyst I. Zaffino now anticipates that the company will post earnings per share of $0.90 for the quarter, down from their prior forecast of $1.08. Oppenheimer currently has a “Outperform” rating and a $93.00 target price on the stock.

A number of other equities research analysts have also recently issued reports on SPB. Zacks Investment Research raised Spectrum Brands from a “hold” rating to a “strong-buy” rating and set a $93.00 target price for the company in a research report on Monday, March 8th. Royal Bank of Canada increased their price objective on Spectrum Brands from $13.00 to $15.00 and gave the company a “sector perform” rating in a research report on Friday, February 19th. TheStreet raised Spectrum Brands from a “c+” rating to a “b-” rating in a research report on Tuesday, February 16th. Monness Crespi & Hardt reissued a “buy” rating and issued a $100.00 price objective (up from $85.00) on shares of Spectrum Brands in a research report on Monday, February 8th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Spectrum Brands from $101.00 to $104.00 and gave the company a “buy” rating in a research report on Monday, February 8th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Spectrum Brands currently has a consensus rating of “Buy” and a consensus price target of $84.00.

Shares of Spectrum Brands stock opened at $88.99 on Tuesday. The stock has a market capitalization of $3.79 billion, a P/E ratio of 37.08, a PEG ratio of 0.81 and a beta of 1.94. The company has a quick ratio of 1.24, a current ratio of 1.83 and a debt-to-equity ratio of 1.74. The stock has a 50 day moving average price of $83.33 and a two-hundred day moving average price of $73.02. Spectrum Brands has a 12-month low of $34.54 and a 12-month high of $90.59.

Spectrum Brands (NYSE:SPB) last announced its earnings results on Thursday, February 4th. The company reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $1.36. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Spectrum Brands had a return on equity of 13.35% and a net margin of 2.46%. The company’s revenue was up 31.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.20 earnings per share.

Several hedge funds and other institutional investors have recently modified their holdings of SPB. Federated Hermes Inc. raised its stake in shares of Spectrum Brands by 39.2% in the third quarter. Federated Hermes Inc. now owns 14,742 shares of the company’s stock valued at $842,000 after purchasing an additional 4,151 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in Spectrum Brands by 14,671.1% during the third quarter. Great West Life Assurance Co. Can now owns 546,827 shares of the company’s stock worth $4,170,000 after acquiring an additional 543,125 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in Spectrum Brands by 0.5% during the third quarter. UBS Asset Management Americas Inc. now owns 65,835 shares of the company’s stock worth $3,763,000 after acquiring an additional 356 shares in the last quarter. Morgan Stanley raised its stake in Spectrum Brands by 52.7% during the third quarter. Morgan Stanley now owns 104,779 shares of the company’s stock worth $5,989,000 after acquiring an additional 36,180 shares in the last quarter. Finally, ArrowMark Colorado Holdings LLC acquired a new position in Spectrum Brands during the third quarter worth $12,556,000. Institutional investors and hedge funds own 92.61% of the company’s stock.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 16th. Investors of record on Tuesday, February 23rd were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.89%. This is a positive change from Spectrum Brands’s previous quarterly dividend of $0.06. The ex-dividend date was Monday, February 22nd. Spectrum Brands’s dividend payout ratio is presently 40.98%.

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 and FANAL brands; locksets and door hardware under the Kwikset, Weiser, Baldwin, EZSET, and Tell Manufacturing brands; and plumbing products under the Pfister brand.

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