Spectrum Brands Holdings, Inc. (NYSE:SPB) – Equities researchers at Gabelli increased their FY2018 EPS estimates for Spectrum Brands in a report issued on Wednesday, according to Zacks Investment Research. Gabelli analyst Z. Bodini now forecasts that the company will earn $4.35 per share for the year, up from their prior estimate of $4.25. Gabelli has a “Buy” rating on the stock.
A number of other analysts have also recently commented on SPB. Wells Fargo & Co set a $120.00 target price on shares of Spectrum Brands and gave the stock a “buy” rating in a research note on Sunday. Bank of America upped their price objective on shares of Spectrum Brands from $113.00 to $116.00 and gave the company a “neutral” rating in a research note on Friday, November 17th. BMO Capital Markets set a $132.00 price objective on shares of Spectrum Brands and gave the company a “buy” rating in a research note on Friday, November 17th. KeyCorp set a $140.00 price objective on shares of Spectrum Brands and gave the company a “buy” rating in a research note on Tuesday, January 16th. Finally, UBS Group upped their price objective on shares of Spectrum Brands from $124.00 to $140.00 in a research note on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company’s stock. Spectrum Brands presently has an average rating of “Buy” and a consensus price target of $140.60.
Spectrum Brands (NYSE SPB) traded up $0.08 during mid-day trading on Monday, hitting $95.18. 440,356 shares of the stock were exchanged, compared to its average volume of 794,209. The stock has a market capitalization of $5,510.00, a PE ratio of 15.90, a P/E/G ratio of 1.52 and a beta of 0.84. The company has a quick ratio of 2.19, a current ratio of 2.70 and a debt-to-equity ratio of 2.01. Spectrum Brands has a twelve month low of $94.14 and a twelve month high of $146.09.
Spectrum Brands (NYSE:SPB) last released its earnings results on Thursday, February 8th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12. The business had revenue of $646.50 million during the quarter, compared to analysts’ expectations of $1.26 billion. Spectrum Brands had a net margin of 8.80% and a return on equity of 14.51%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.21 earnings per share.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 13th. Shareholders of record on Tuesday, February 20th were issued a $0.42 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.68 annualized dividend and a yield of 1.77%. Spectrum Brands’s payout ratio is 28.05%.
Large investors have recently bought and sold shares of the business. Toronto Dominion Bank boosted its holdings in Spectrum Brands by 244.3% in the 3rd quarter. Toronto Dominion Bank now owns 1,119 shares of the company’s stock valued at $119,000 after purchasing an additional 794 shares during the last quarter. Captrust Financial Advisors acquired a new position in Spectrum Brands in the 4th quarter valued at about $177,000. State of Alaska Department of Revenue acquired a new position in Spectrum Brands in the 4th quarter valued at about $202,000. Ellington Management Group LLC acquired a new position in Spectrum Brands in the 4th quarter valued at about $202,000. Finally, Eagle Boston Investment Management Inc. acquired a new position in Spectrum Brands in the 4th quarter valued at about $201,000. Institutional investors own 48.28% 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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