Spectrum Brands Holdings (SPB) Set to Announce Earnings on Wednesday
Spectrum Brands Holdings (NYSE:SPB) is set to post its quarterly earnings results on Wednesday, January 29th. Parties that are interested in registering for the company’s conference call can do so using this link.
Spectrum Brands Holdings (NYSE:SPB) last announced its earnings results on Thursday, November 21st. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.03. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the company posted $0.10 earnings per share. Spectrum Brands Holdings’s revenue was up 36.6% compared to the same quarter last year. On average, analysts expect Spectrum Brands Holdings to post $4.22 EPS for the current fiscal year and $4.75 EPS for the next fiscal year.
Shares of Spectrum Brands Holdings (NYSE:SPB) opened at 67.90 on Tuesday. Spectrum Brands Holdings has a 52 week low of $49.75 and a 52 week high of $72.03. The stock’s 50-day moving average is $69.28 and its 200-day moving average is $65.03. The company’s market cap is $3.545 billion.
SPB has been the subject of a number of recent research reports. Analysts at TheStreet downgraded shares of Spectrum Brands Holdings to a “hold” rating in a research note to investors on Friday. On the ratings front, analysts at Credit Suisse initiated coverage on shares of Spectrum Brands Holdings in a research note to investors on Monday, December 9th. They set a “neutral” rating and a $70.00 price target on the stock. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Spectrum Brands Holdings in a research note to investors on Friday, November 22nd. They now have a $63.02 price target on the stock. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $73.94.
In other Spectrum Brands Holdings news, CEO David Lumley unloaded 10,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $68.55, for a total value of $685,500.00. Following the sale, the chief executive officer now directly owns 138,832 shares in the company, valued at approximately $9,516,934. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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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