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.

Featured Story: What is meant by holder of record?

Get a free copy of the Zacks research report on Spectrum Brands (SPB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Spectrum Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spectrum Brands and related companies with MarketBeat.com's FREE daily email newsletter.