Spectrum Brands (NYSE:SPB) Releases Earnings Results, Beats Expectations By $0.11 EPS

Spectrum Brands (NYSE:SPB) issued its quarterly earnings data on Thursday. The company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.11, Zacks reports. Spectrum Brands had a net margin of 4.21% and a return on equity of 6.16%. During the same period in the previous year, the business earned $0.78 earnings per share.

Spectrum Brands Price Performance

Shares of SPB stock traded down $6.35 during mid-day trading on Thursday, reaching $76.51. The company’s stock had a trading volume of 1,500,478 shares, compared to its average volume of 436,378. Spectrum Brands has a 1-year low of $75.94 and a 1-year high of $96.74. The company has a market cap of $2.09 billion, a P/E ratio of 18.75, a PEG ratio of 1.51 and a beta of 1.20. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.62 and a current ratio of 2.30. The firm’s 50-day moving average is $86.88 and its two-hundred day moving average is $89.13.

Spectrum Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend is Tuesday, February 18th. Spectrum Brands’s dividend payout ratio is 46.08%.

Analyst Upgrades and Downgrades

SPB has been the subject of a number of analyst reports. Canaccord Genuity Group boosted their price objective on shares of Spectrum Brands from $91.00 to $94.00 and gave the stock a “hold” rating in a research note on Monday, November 18th. UBS Group cut their target price on shares of Spectrum Brands from $114.00 to $109.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Finally, Wells Fargo & Company cut their target price on shares of Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $100.75.

Spectrum Brands Company Profile

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.