Spectrum Brands Holdings, Inc. (NYSE:SPB) to Post Q4 2021 Earnings of $0.90 Per Share, Oppenheimer Forecasts


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Spectrum Brands Holdings, Inc. (NYSE:SPB) – Equities research analysts at Oppenheimer dropped their Q4 2021 earnings per share (EPS) estimates for shares of Spectrum Brands in a research report issued on Sunday, April 4th. Oppenheimer analyst I. Zaffino now forecasts that the company will post earnings per share of $0.90 for the quarter, down from their prior estimate of $1.08. Oppenheimer has a “Outperform” rating and a $93.00 price target on the stock.

A number of other research analysts also recently issued reports on SPB. Royal Bank of Canada boosted their target price on shares of Spectrum Brands from $13.00 to $15.00 and gave the company a “sector perform” rating in a research report on Friday, February 19th. Wells Fargo & Company upped their price objective on shares of Spectrum Brands from $95.00 to $105.00 and gave the stock an “overweight” rating in a research report on Monday, March 29th. TheStreet upgraded shares of Spectrum Brands from a “c+” rating to a “b-” rating in a research report on Tuesday, February 16th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Spectrum Brands from $101.00 to $104.00 and gave the stock a “buy” rating in a research report on Monday, February 8th. Finally, Zacks Investment Research upgraded shares of Spectrum Brands from a “hold” rating to a “strong-buy” rating and set a $93.00 price objective for the company in a research report on Monday, March 8th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $84.00.

NYSE SPB opened at $88.99 on Tuesday. The company has a market capitalization of $3.79 billion, a PE ratio of 37.08, a P/E/G ratio of 0.81 and a beta of 1.94. The company has a fifty day moving average of $83.33 and a 200 day moving average of $73.02. Spectrum Brands has a 1 year low of $34.54 and a 1 year high of $90.59. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.83 and a quick ratio of 1.24.

Spectrum Brands (NYSE:SPB) last posted its earnings results on Thursday, February 4th. The company reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $1.36. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.02 billion. Spectrum Brands had a net margin of 2.46% and a return on equity of 13.35%. The firm’s quarterly revenue was up 31.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.20 earnings per share.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 16th. Investors of record on Tuesday, February 23rd were paid a $0.42 dividend. The ex-dividend date of this dividend was Monday, February 22nd. This is a positive change from Spectrum Brands’s previous quarterly dividend of $0.06. This represents a $1.68 dividend on an annualized basis and a yield of 1.89%. Spectrum Brands’s dividend payout ratio (DPR) is currently 40.98%.

A number of hedge funds have recently bought and sold shares of the stock. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Spectrum Brands in the 4th quarter worth about $205,000. Hillcrest Asset Management LLC acquired a new stake in Spectrum Brands in the 4th quarter worth about $16,855,000. Norges Bank acquired a new stake in Spectrum Brands in the 4th quarter worth about $51,991,000. UBS Asset Management Americas Inc. boosted its holdings in Spectrum Brands by 10.8% in the 4th quarter. UBS Asset Management Americas Inc. now owns 72,972 shares of the company’s stock worth $5,763,000 after buying an additional 7,137 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Spectrum Brands in the 4th quarter worth about $12,479,000. Institutional investors own 92.61% of the company’s stock.

Spectrum Brands Company Profile

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 and FANAL brands; locksets and door hardware under the Kwikset, Weiser, Baldwin, EZSET, and Tell Manufacturing brands; and plumbing products under the Pfister brand.

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