Spectrum Brands Holdings, Inc. (NYSE:SPB) – Equities researchers at KeyCorp issued their Q4 2019 earnings estimates for shares of Spectrum Brands in a research note issued on Tuesday. KeyCorp analyst J. Gere expects that the company will post earnings of $1.62 per share for the quarter. KeyCorp has a “Buy” rating and a $140.00 price objective on the stock.
A number of other brokerages also recently commented on SPB. Wells Fargo & Co restated a “buy” rating on shares of Spectrum Brands in a research note on Tuesday. Jefferies Group reissued a “buy” rating and issued a $145.00 price target on shares of Spectrum Brands in a research note on Tuesday, January 9th. UBS Group increased their price target on Spectrum Brands from $124.00 to $140.00 in a research note on Tuesday. Oppenheimer reissued a “buy” rating and issued a $167.00 price target on shares of Spectrum Brands in a research note on Monday, November 20th. Finally, BMO Capital Markets set a $132.00 price target on Spectrum Brands and gave the stock a “buy” rating in a research note on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $142.50.
Shares of Spectrum Brands (NYSE SPB) traded up $0.04 on Friday, reaching $121.34. The company had a trading volume of 1,111,510 shares, compared to its average volume of 510,894. The company has a market cap of $6,990.04, a P/E ratio of 22.22, a P/E/G ratio of 1.81 and a beta of 0.76. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.75 and a current ratio of 1.44. Spectrum Brands has a 52-week low of $98.11 and a 52-week high of $146.09.
Spectrum Brands (NYSE:SPB) last issued its quarterly earnings data on Thursday, November 16th. The company reported $1.35 EPS for the quarter, missing the Zacks’ consensus estimate of $1.47 by ($0.12). The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.30 billion. Spectrum Brands had a return on equity of 17.48% and a net margin of 5.91%. Spectrum Brands’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.31 earnings per share.
Institutional investors have recently made changes to their positions in the company. Toronto Dominion Bank lifted its holdings in shares of Spectrum Brands by 244.3% in the third quarter. Toronto Dominion Bank now owns 1,119 shares of the company’s stock valued at $119,000 after buying an additional 794 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Spectrum Brands by 50.6% in the second quarter. SG Americas Securities LLC now owns 1,586 shares of the company’s stock valued at $198,000 after buying an additional 533 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Spectrum Brands in the fourth quarter valued at $202,000. Stoneridge Investment Partners LLC acquired a new stake in shares of Spectrum Brands in the third quarter valued at $214,000. Finally, Commerce Bank lifted its holdings in shares of Spectrum Brands by 32.4% in the third quarter. Commerce Bank now owns 3,045 shares of the company’s stock valued at $323,000 after buying an additional 745 shares during the period. Institutional investors and hedge funds own 48.24% of the company’s stock.
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Spectrum Brands Company Profile
Spectrum Brands Holdings, Inc (SB Holdings) is a diversified global consumer products company. The Company manufactures, markets and/or distributes its products in approximately 160 countries in the North America (NA); Europe, the Middle East and Africa (EMEA); Latin America (LATAM), and Asia-Pacific (APAC) regions.
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