$902.63 Million in Sales Expected for Spectrum Brands (SPB) This Quarter

Analysts expect Spectrum Brands (NYSE:SPB) to post $902.63 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Spectrum Brands’ earnings. The highest sales estimate is $923.00 million and the lowest is $883.60 million. Spectrum Brands posted sales of $1.30 billion during the same quarter last year, which suggests a negative year over year growth rate of 30.6%. The company is expected to issue its next quarterly earnings results on Thursday, July 26th.

According to Zacks, analysts expect that Spectrum Brands will report full-year sales of $3.11 billion for the current year, with estimates ranging from $3.09 billion to $3.14 billion. For the next fiscal year, analysts expect that the firm will report sales of $3.19 billion per share, with estimates ranging from $3.16 billion to $3.24 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Spectrum Brands.

Spectrum Brands (NYSE:SPB) last issued its quarterly earnings results on Thursday, April 26th. The company reported $0.56 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by ($0.45). The firm had revenue of $766.10 million during the quarter, compared to analysts’ expectations of $798.83 million. Spectrum Brands had a net margin of 8.25% and a return on equity of 12.68%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.86 EPS.

Several equities research analysts recently commented on the stock. BMO Capital Markets set a $95.00 price target on shares of Spectrum Brands and gave the company a “buy” rating in a research report on Friday, April 27th. They noted that the move was a valuation call. Monness Crespi & Hardt cut their target price on shares of Spectrum Brands from $137.00 to $103.00 and set a “buy” rating for the company in a research report on Friday, April 27th. ValuEngine downgraded shares of Spectrum Brands from a “hold” rating to a “sell” rating in a research report on Friday, April 27th. Wells Fargo downgraded shares of Spectrum Brands from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 26th. Finally, Zacks Investment Research upgraded shares of Spectrum Brands from a “sell” rating to a “hold” rating in a research report on Thursday, March 29th. Two analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $133.73.

Shares of NYSE:SPB opened at $78.75 on Friday. The company has a debt-to-equity ratio of 2.53, a current ratio of 2.76 and a quick ratio of 2.22. The company has a market capitalization of $4.10 billion, a P/E ratio of 13.85, a PEG ratio of 1.52 and a beta of 0.83. Spectrum Brands has a 52 week low of $73.44 and a 52 week high of $74.58.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 5th. Shareholders of record on Tuesday, May 15th will be given a $0.42 dividend. The ex-dividend date of this dividend is Monday, May 14th. This represents a $1.68 dividend on an annualized basis and a yield of 2.13%. Spectrum Brands’s payout ratio is 30.77%.

Hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN raised its holdings in shares of Spectrum Brands by 1,443.5% during the 1st quarter. Wells Fargo & Company MN now owns 1,693,665 shares of the company’s stock valued at $175,633,000 after purchasing an additional 1,583,933 shares in the last quarter. Schroder Investment Management Group raised its holdings in shares of Spectrum Brands by 9.7% during the 4th quarter. Schroder Investment Management Group now owns 960,750 shares of the company’s stock valued at $107,988,000 after purchasing an additional 84,903 shares in the last quarter. OppenheimerFunds Inc. raised its holdings in shares of Spectrum Brands by 1.5% during the 4th quarter. OppenheimerFunds Inc. now owns 908,814 shares of the company’s stock valued at $102,150,000 after purchasing an additional 13,215 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Spectrum Brands by 296.7% during the 4th quarter. Millennium Management LLC now owns 717,699 shares of the company’s stock valued at $80,669,000 after purchasing an additional 536,798 shares in the last quarter. Finally, Newbrook Capital Advisors LP bought a new position in shares of Spectrum Brands during the 4th quarter valued at $76,729,000. Institutional investors own 52.37% of the company’s stock.

Spectrum Brands Company Profile

Spectrum Brands Holdings, Inc manufactures, markets, and distributes branded consumer products. Its Global Batteries & Appliances segment offers consumer batteries; personal care products, including electric shaving and grooming products, and hair care appliances and accessories; and small appliances, such as small kitchen and home appliances.

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

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