Spectrum Brands Holdings, Inc. (SPB) Expected to Announce Quarterly Sales of $1.31 Billion
Analysts forecast that Spectrum Brands Holdings, Inc. (NYSE:SPB) will announce $1.31 billion in sales for the current quarter, according to Zacks. Six analysts have issued estimates for Spectrum Brands Holdings’ earnings, with estimates ranging from $1.27 billion to $1.35 billion. Spectrum Brands Holdings reported sales of $1.25 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.8%. The company is scheduled to report its next earnings report on Thursday, November 16th.
On average, analysts expect that Spectrum Brands Holdings will report full year sales of $1.31 billion for the current financial year, with estimates ranging from $4.95 billion to $5.03 billion. For the next year, analysts expect that the business will post sales of $5.19 billion per share, with estimates ranging from $5.12 billion to $5.31 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Spectrum Brands Holdings.
Spectrum Brands Holdings (NYSE:SPB) last posted its quarterly earnings data on Thursday, July 27th. The company reported $1.71 EPS for the quarter, missing the Zacks’ consensus estimate of $1.92 by $0.21. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.38 billion. Spectrum Brands Holdings had a return on equity of 17.46% and a net margin of 5.87%. Spectrum Brands Holdings’s revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.73 earnings per share.
Several equities analysts recently issued reports on the company. Deutsche Bank AG restated a “buy” rating and set a $131.00 price target (down from $149.00) on shares of Spectrum Brands Holdings in a research report on Monday, July 31st. Jefferies Group LLC set a $143.00 price target on Spectrum Brands Holdings and gave the stock a “buy” rating in a research report on Saturday, July 29th. Royal Bank Of Canada set a $155.00 price target on Spectrum Brands Holdings and gave the stock a “buy” rating in a research report on Friday, July 28th. Zacks Investment Research lowered Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, July 29th. Finally, BMO Capital Markets reduced their price target on Spectrum Brands Holdings from $155.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, July 28th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $143.88.
Spectrum Brands Holdings (SPB) opened at 111.99 on Monday. The company has a 50 day moving average price of $124.71 and a 200-day moving average price of $132.49. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of 22.93 and a beta of 0.66. Spectrum Brands Holdings has a 1-year low of $108.30 and a 1-year high of $146.09.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Tuesday, August 15th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Friday, August 11th. Spectrum Brands Holdings’s dividend payout ratio (DPR) is currently 34.29%.
A number of large investors have recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Spectrum Brands Holdings during the second quarter valued at $100,000. Daiwa Securities Group Inc. boosted its stake in Spectrum Brands Holdings by 33.3% in the second quarter. Daiwa Securities Group Inc. now owns 800 shares of the company’s stock valued at $100,000 after buying an additional 200 shares during the period. Invictus RG acquired a new stake in Spectrum Brands Holdings during the first quarter valued at $156,000. SG Americas Securities LLC boosted its stake in Spectrum Brands Holdings by 50.6% in the second quarter. SG Americas Securities LLC now owns 1,586 shares of the company’s stock valued at $198,000 after buying an additional 533 shares during the period. Finally, TD Asset Management Inc. acquired a new stake in Spectrum Brands Holdings during the first quarter valued at $211,000. Institutional investors and hedge funds own 47.38% of the company’s stock.
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Spectrum Brands Holdings Company Profile
Spectrum Brands Holdings, Inc (SB Holdings) is a diversified global consumer products company. The Company manufactures, markets and/or distributes its products in approximately 160 countries in the North America (NA); Europe, the Middle East and Africa (EMEA); Latin America (LATAM), and Asia-Pacific (APAC) regions.
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