Spectrum Brands (SPB) Announces Quarterly Results
Spectrum Brands (NYSE: SPB) posted its quarterly earnings results on Tuesday. The company reported $0.44 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.45 by $0.01, Analyst Ratings Network reports. The company had revenue of $987.80 million for the quarter, compared to the consensus estimate of $966.02 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 32.4% on a year-over-year basis.
A number of research firms have also recently commented on SPB. Analysts at Imperial Capital raised their price target on shares of Spectrum Brands from $60.00 to $65.00 in a research note to investors on Thursday, March 28th. They now have an “outperform” rating on the stock. On the ratings front, analysts at Zacks downgraded shares of Spectrum Brands from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, February 28th. They now have a $59.30 price target on the stock.
Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $54.06.
Spectrum Brands (NYSE: SPB) traded down 0.30% on Tuesday, hitting $56.00. Spectrum Brands has a 52-week low of $31.68 and a 52-week high of $59.20. The stock’s 50-day moving average is currently $55.82. The company has a market cap of $2.917 billion and a price-to-earnings ratio of 136.00.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, June 11th. Investors of record on Tuesday, May 14th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.79%.
Spectrum Brands Holdings, Inc. (NYSE: SPB), formerly Spectrum Brands, Inc.
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