Spectrum Brands (NYSE:SPB) Announces Earnings Results

Spectrum Brands (NYSE:SPB) issued its quarterly earnings data on Thursday. The company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.11, Zacks reports. Spectrum Brands had a return on equity of 6.16% and a net margin of 4.21%. During the same quarter in the previous year, the firm earned $0.78 earnings per share.

Spectrum Brands Stock Up 1.0 %

SPB stock traded up $0.80 during mid-day trading on Friday, reaching $77.26. The company had a trading volume of 198,234 shares, compared to its average volume of 425,857. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 1.51 and a beta of 1.20. Spectrum Brands has a 52 week low of $75.94 and a 52 week high of $96.74. The stock has a 50 day simple moving average of $86.57 and a two-hundred day simple moving average of $89.04. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.30 and a quick ratio of 1.62.

Spectrum Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.88 annualized dividend and a yield of 2.43%. Spectrum Brands’s payout ratio is presently 46.08%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SPB shares. Wedbush upgraded shares of Spectrum Brands from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $6.00 to $10.00 in a research note on Friday. UBS Group reduced their price objective on Spectrum Brands from $114.00 to $109.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Wells Fargo & Company lowered their target price on Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Finally, Canaccord Genuity Group upgraded shares of Spectrum Brands from a “hold” rating to a “buy” rating and upped their price target for the stock from $94.00 to $102.00 in a research report on Friday. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Spectrum Brands presently has a consensus rating of “Moderate Buy” and an average target price of $91.56.

Spectrum Brands Company Profile

Spectrum Brands Holdings, Inc operates as a branded consumer products and home essentials company in North America, Europe, the Middle East, Africa, and Asia-Pacific regions. It operates through three segments: Home and Personal Care; Global Pet Care; and Home and Garden. The Home and Personal Care segment provides home appliances under the Black & Decker, Russell Hobbs, George Foreman, PowerXL, Emeril Legasse, Copper Chef, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington brand.