Analysts expect Spectrum Brands Holdings Inc (NYSE:SPB) to post $994.69 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Spectrum Brands’ earnings. The highest sales estimate is $999.10 million and the lowest is $986.70 million. Spectrum Brands posted sales of $787.80 million during the same quarter last year, which suggests a positive year over year growth rate of 26.3%. The company is scheduled to report its next earnings results on Monday, November 18th.

On average, analysts expect that Spectrum Brands will report full year sales of $3.80 billion for the current financial year, with estimates ranging from $3.78 billion to $3.81 billion. For the next fiscal year, analysts anticipate that the business will post sales of $3.86 billion, with estimates ranging from $3.85 billion to $3.88 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Spectrum Brands.

Spectrum Brands (NYSE:SPB) last released its quarterly earnings data on Wednesday, August 7th. The company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.13. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1 billion. Spectrum Brands had a net margin of 13.21% and a return on equity of 6.36%. The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the company earned $1.76 earnings per share.

A number of research analysts recently commented on the stock. Deutsche Bank dropped their target price on shares of Spectrum Brands from $60.00 to $56.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Wells Fargo & Co reissued a “hold” rating and issued a $53.00 price target on shares of Spectrum Brands in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $68.00 price objective on shares of Spectrum Brands in a research note on Sunday, August 11th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $55.39.

In other Spectrum Brands news, insider David M. Maura bought 20,000 shares of the stock in a transaction dated Friday, August 9th. The shares were acquired at an average cost of $50.43 per share, for a total transaction of $1,008,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Citizens Financial Group Inc RI acquired a new stake in Spectrum Brands during the 1st quarter worth $99,000. Tower Research Capital LLC TRC acquired a new position in Spectrum Brands in the second quarter valued at $123,000. Hancock Whitney Corp acquired a new position in Spectrum Brands in the second quarter valued at $230,000. Teza Capital Management LLC acquired a new position in Spectrum Brands in the second quarter valued at $263,000. Finally, Keybank National Association OH purchased a new stake in shares of Spectrum Brands in the second quarter valued at about $283,000.

Shares of Spectrum Brands stock traded up $1.61 during trading hours on Friday, hitting $60.19. The company had a trading volume of 391,366 shares, compared to its average volume of 479,893. The company’s 50-day moving average is $52.14 and its two-hundred day moving average is $55.97. Spectrum Brands has a twelve month low of $40.54 and a twelve month high of $84.07. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.54 and a quick ratio of 0.84. The company has a market cap of $2.81 billion, a P/E ratio of 17.00, a price-to-earnings-growth ratio of 3.58 and a beta of 1.74.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, August 22nd will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Wednesday, August 21st. Spectrum Brands’s payout ratio is currently 47.46%.

About Spectrum Brands

Spectrum Brands Holdings, Inc operates as a branded consumer products company worldwide. The company's Hardware & Home Improvement segment offers hardware products under the National Hardware, Stanley, and FANAL brands; locksets and door hardware under the Kwikset, Weiser, Baldwin, EZSET, and Tell brands; and plumbing products under the Pfister brand.

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