Spectrum Brands (SPB) Projected to Post Earnings on Thursday

Spectrum Brands (NYSE:SPB) is expected to be issuing its quarterly earnings data before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $0.91 per share and revenue of $703.31 million for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Spectrum Brands (NYSE:SPB) last posted its quarterly earnings data on Friday, November 15th. The company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.16). The firm had revenue of $773.70 million for the quarter, compared to analysts’ expectations of $747.80 million. Spectrum Brands had a net margin of 4.21% and a return on equity of 6.16%. Spectrum Brands’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.36 earnings per share. On average, analysts expect Spectrum Brands to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Spectrum Brands Stock Performance

Spectrum Brands stock opened at $82.17 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.30 and a quick ratio of 1.62. The company has a market cap of $2.24 billion, a P/E ratio of 20.14, a price-to-earnings-growth ratio of 1.51 and a beta of 1.20. Spectrum Brands has a fifty-two week low of $77.73 and a fifty-two week high of $96.74. The firm’s 50 day simple moving average is $87.05 and its 200-day simple moving average is $89.17.

Spectrum Brands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, November 26th were paid a dividend of $0.47 per share. This is an increase from Spectrum Brands’s previous quarterly dividend of $0.42. This represents a $1.88 annualized dividend and a yield of 2.29%. The ex-dividend date was Tuesday, November 26th. Spectrum Brands’s payout ratio is 46.08%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Wells Fargo & Company lowered their price target on Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Canaccord Genuity Group lifted their target price on Spectrum Brands from $91.00 to $94.00 and gave the company a “hold” rating in a research note on Monday, November 18th. Finally, UBS Group reduced their price target on shares of Spectrum Brands from $114.00 to $109.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $100.75.

About Spectrum Brands

Spectrum Brands Holdings, Inc operates as a branded consumer products and home essentials company in North America, Europe, the Middle East, Africa, and Asia-Pacific regions. It operates through three segments: Home and Personal Care; Global Pet Care; and Home and Garden. The Home and Personal Care segment provides home appliances under the Black & Decker, Russell Hobbs, George Foreman, PowerXL, Emeril Legasse, Copper Chef, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington brand.