Wall Street brokerages forecast that Spectrum Brands Holdings Inc (NYSE:SPB) will announce earnings of $1.13 per share for the current quarter, according to Zacks. Four analysts have provided estimates for Spectrum Brands’ earnings, with the highest EPS estimate coming in at $1.72 and the lowest estimate coming in at $0.81. Spectrum Brands reported earnings per share of $0.31 during the same quarter last year, which suggests a positive year-over-year growth rate of 264.5%. The company is expected to report its next earnings results before the market opens on Monday, November 19th.

On average, analysts expect that Spectrum Brands will report full-year earnings of $3.43 per share for the current year, with EPS estimates ranging from $3.09 to $3.68. For the next year, analysts expect that the firm will post earnings of $4.11 per share, with EPS estimates ranging from $3.30 to $5.17. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Spectrum Brands.

Spectrum Brands (NYSE:SPB) last released its quarterly earnings data on Monday, November 19th. The company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.29). The firm had revenue of $787.80 million during the quarter, compared to the consensus estimate of $803.72 million. Spectrum Brands had a net margin of 22.32% and a negative return on equity of 4.00%. The business’s revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.35 earnings per share.

Several analysts recently weighed in on SPB shares. Zacks Investment Research downgraded Spectrum Brands from a “hold” rating to a “sell” rating in a report on Friday, October 5th. Wells Fargo & Co decreased their price objective on Spectrum Brands from $85.00 to $75.00 and set a “market perform” rating for the company in a report on Wednesday, October 17th. Bank of America decreased their price objective on Spectrum Brands from $91.00 to $84.00 and set a “hold” rating for the company in a report on Thursday, October 4th. TheStreet downgraded Spectrum Brands from a “b-” rating to a “c+” rating in a report on Friday, September 28th. Finally, Oppenheimer downgraded Spectrum Brands from an “outperform” rating to a “market perform” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. Spectrum Brands has a consensus rating of “Hold” and a consensus price target of $114.30.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC grew its stake in Spectrum Brands by 26.3% in the third quarter. FMR LLC now owns 8,011,307 shares of the company’s stock valued at $598,605,000 after purchasing an additional 1,670,550 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Spectrum Brands by 18.5% during the third quarter. Wells Fargo & Company MN now owns 2,586,483 shares of the company’s stock worth $193,263,000 after acquiring an additional 403,810 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of Spectrum Brands by 171.2% during the second quarter. Schroder Investment Management Group now owns 2,053,842 shares of the company’s stock worth $106,533,000 after acquiring an additional 1,296,429 shares during the last quarter. BlackRock Inc. grew its stake in shares of Spectrum Brands by 95.2% during the third quarter. BlackRock Inc. now owns 1,773,507 shares of the company’s stock worth $132,517,000 after acquiring an additional 865,154 shares during the last quarter. Finally, Wedge Capital Management L L P NC grew its stake in shares of Spectrum Brands by 9.6% during the third quarter. Wedge Capital Management L L P NC now owns 1,445,497 shares of the company’s stock worth $108,008,000 after acquiring an additional 126,714 shares during the last quarter.

Shares of SPB stock traded down $11.30 on Monday, hitting $48.05. The stock had a trading volume of 5,868,723 shares, compared to its average volume of 476,659. The company has a debt-to-equity ratio of 3.07, a current ratio of 3.14 and a quick ratio of 2.68. The company has a market capitalization of $3.17 billion, a P/E ratio of -77.50, a PEG ratio of 1.80 and a beta of 1.66. Spectrum Brands has a one year low of $45.88 and a one year high of $119.94.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 18th. Shareholders of record on Tuesday, November 27th will be paid a $0.42 dividend. The ex-dividend date is Monday, November 26th. This represents a $1.68 annualized dividend and a yield of 3.50%. Spectrum Brands’s dividend payout ratio (DPR) is presently -270.97%.

About Spectrum Brands

Spectrum Brands Holdings, Inc, through its subsidiaries, operates as a branded consumer products company that manufactures, markets, and distributes branded consumer products. It supplies consumer batteries, residential locksets, residential builders' hardware, plumbing, shaving and grooming products, personal care products, small household appliances, specialty pet supplies, personal insect repellents, and auto care products, as well as lawn and garden, and home pest control products.

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

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