Spectrum Brands Holdings (SPB) Given Daily News Impact Rating of 0.16
Media stories about Spectrum Brands Holdings (NYSE:SPB) have been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Spectrum Brands Holdings earned a news impact score of 0.16 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.0099858364099 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Baldwin® Hardware Offering Best-in-Class Architects and Designers Seats on Prestigious Design Council (marketwired.com)
- Baldwin(R) Hardware Offering Best-in-Class Architects and Designers Seats on Prestigious Design Council (finance.yahoo.com)
- Spectrum Brands Holdings, Inc. :SPB-US: Earnings Analysis: Q3, 2017 By the Numbers : August 7, 2017 (finance.yahoo.com)
- Investors Purchase High Volume of Call Options on Spectrum Brands Holdings (NYSE:SPB) (americanbankingnews.com)
- Spectrum Brands Holdings, Inc. (SPB) Expected to Announce Quarterly Sales of $1.31 Billion (americanbankingnews.com)
Spectrum Brands Holdings (NYSE SPB) traded up 0.37% during midday trading on Friday, reaching $110.48. 378,234 shares of the company’s stock traded hands. The company has a market cap of $6.41 billion, a P/E ratio of 22.62 and a beta of 0.66. Spectrum Brands Holdings has a 52-week low of $108.30 and a 52-week high of $146.09. The stock has a 50-day moving average of $120.78 and a 200 day moving average of $131.74.
Spectrum Brands Holdings (NYSE:SPB) last posted its quarterly earnings data on Thursday, July 27th. The company reported $1.71 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.92 by $0.21. Spectrum Brands Holdings had a return on equity of 17.46% and a net margin of 5.87%. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the company earned $1.73 EPS. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, analysts anticipate that Spectrum Brands Holdings will post $5.61 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Tuesday, August 15th will be given a dividend of $0.42 per share. The ex-dividend date is Friday, August 11th. This represents a $1.68 annualized dividend and a yield of 1.52%. Spectrum Brands Holdings’s dividend payout ratio is 34.29%.
Several equities analysts recently issued reports on the stock. Wells Fargo & Company reissued a “buy” rating on shares of Spectrum Brands Holdings in a report on Thursday, July 27th. BidaskClub downgraded shares of Spectrum Brands Holdings from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. BMO Capital Markets set a $155.00 price target on shares of Spectrum Brands Holdings and gave the company a “buy” rating in a report on Tuesday, May 2nd. Jefferies Group LLC reissued a “buy” rating and set a $150.00 price target (down from $165.00) on shares of Spectrum Brands Holdings in a report on Thursday, July 6th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $131.00 price target (down from $149.00) on shares of Spectrum Brands Holdings in a report on Monday, July 31st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $143.88.
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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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