News coverage about Spectrum Brands (NYSE:SPB) has been trending negative this week, InfoTrie reports. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Spectrum Brands earned a coverage optimism score of -2.17 on their scale. InfoTrie also assigned news coverage about the company an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company’s share price in the near term.

These are some of the news articles that may have effected Spectrum Brands’ analysis:

A number of equities analysts have issued reports on SPB shares. Bank of America lowered their price target on Spectrum Brands from $91.00 to $84.00 and set a “hold” rating on the stock in a research report on Thursday, October 4th. Wells Fargo & Co reiterated a “hold” rating and set a $70.00 price target on shares of Spectrum Brands in a research report on Thursday, November 15th. Zacks Investment Research downgraded Spectrum Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, September 26th. ValuEngine downgraded Spectrum Brands from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Finally, TheStreet downgraded Spectrum Brands from a “b-” rating to a “c+” rating in a research report on Friday, September 28th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. Spectrum Brands presently has an average rating of “Hold” and a consensus target price of $106.90.

NYSE SPB opened at $48.05 on Tuesday. The company has a market capitalization of $3.17 billion, a PE ratio of -77.50, a PEG ratio of 1.80 and a beta of 1.66. Spectrum Brands has a 1-year low of $45.88 and a 1-year high of $119.94. The company has a current ratio of 3.14, a quick ratio of 2.68 and a debt-to-equity ratio of 3.07.

Spectrum Brands (NYSE:SPB) last released its earnings results 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 analysts’ expectations 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 last year, the business earned $1.35 EPS. On average, research analysts predict that Spectrum Brands will post 3.43 earnings per share for the current fiscal year.

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

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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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