Spectrum Brands Holdings Inc Sets New 1-Year High at $66.50 (SPB)
Spectrum Brands Holdings (NYSE:SPB) set a new 52-week high during mid-day trading on Wednesday, AnalystRatingsNetwork reports. The stock traded as high as $66.50 and last traded at $66.30, with a volume of 156,250 shares. The stock had previously closed at $63.40.
SPB has been the subject of a number of recent research reports. Analysts at Oppenheimer initiated coverage on shares of Spectrum Brands Holdings (NYSE:SPB) in a research note to investors on Tuesday. They set an “outperform” rating and a $82.00 price target on the stock. Separately, analysts at TheStreet upgraded shares of Spectrum Brands Holdings (NYSE:SPB) from a “hold” rating to a “buy” rating in a research note to investors on Tuesday. Finally, analysts at Credit Suisse initiated coverage on shares of Spectrum Brands Holdings (NYSE:SPB) in a research note to investors on Thursday, September 5th. They set a “neutral” rating and a $68.00 price target on the stock.
Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Spectrum Brands Holdings presently has a consensus rating of “Buy” and a consensus target price of $69.00.
Spectrum Brands Holdings has a 52-week low of $39.24 and a 52-week high of $65.27. The stock has a 50-day moving average of $60.61 and a 200-day moving average of $58.12. The company’s market cap is $3.470 billion.
Spectrum Brands Holdings (NYSE:SPB) last announced its earnings results on Tuesday, August 6th. The company reported $0.90 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.07 by $0.17. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the company posted $0.78 earnings per share. Spectrum Brands Holdings’s revenue was up 32.2% compared to the same quarter last year. Analysts expect that Spectrum Brands Holdings will post $3.18 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 17th. Shareholders of record on Tuesday, August 20th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Friday, August 16th.
Spectrum Brands Holdings, Inc is a consumer products company. The Company manufactures and markets alkaline, zinc carbon and hearing aid batteries, herbicides, insecticides and repellants and specialty pet supplies.
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