Spectrum Brands Holdings (SPB) Posts Quarterly Results
Spectrum Brands Holdings (NYSE:SPB) released its earnings data on Wednesday. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.10, American Banking News.com reports. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion.
A number of analysts have recently weighed in on SPB shares. Analysts at TheStreet downgraded shares of Spectrum Brands Holdings to a “hold” rating in a research note to investors on Friday, January 24th. On a related note, 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 investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $73.94.
Spectrum Brands Holdings (NYSE:SPB) traded down 1.61% during mid-day trading on Wednesday, hitting $68.50. 454,752 shares of the company’s stock traded hands. Spectrum Brands Holdings has a one year low of $49.75 and a one year high of $72.03. The stock’s 50-day moving average is $69.29 and its 200-day moving average is $65.12. The company’s market cap is $3.576 billion.
In other Spectrum Brands Holdings news, CEO David Lumley sold 10,000 shares of Spectrum Brands Holdings stock in a transaction that occurred on Tuesday, January 21st. The shares were 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 filing with the Securities & Exchange Commission, which is available at 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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