Equities research analysts predict that Spectrum Brands Holdings, Inc. (NYSE:SPB) will announce earnings of $1.94 per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Spectrum Brands Holdings’ earnings, with the lowest EPS estimate coming in at $1.88 and the highest estimate coming in at $2.00. Spectrum Brands Holdings reported earnings per share of $1.73 during the same quarter last year, which suggests a positive year-over-year growth rate of 12.1%. The company is scheduled to report its next quarterly earnings report before the market opens on Thursday, July 27th.

According to Zacks, analysts expect that Spectrum Brands Holdings will report full-year earnings of $5.84 per share for the current financial year, with EPS estimates ranging from $5.75 to $5.90. For the next year, analysts expect that the business will post earnings of $6.53 per share, with EPS estimates ranging from $6.30 to $6.85. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Spectrum Brands Holdings.

Spectrum Brands Holdings (NYSE:SPB) last posted its quarterly earnings results on Tuesday, May 2nd. The company reported $1.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.26 by $0.07. Spectrum Brands Holdings had a net margin of 6.31% and a return on equity of 17.78%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the firm earned $1.16 earnings per share. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year.

A number of equities analysts recently issued reports on the company. Zacks Investment Research lowered Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, April 4th. Royal Bank Of Canada reissued a “buy” rating and issued a $160.00 price objective on shares of Spectrum Brands Holdings in a report on Thursday, May 25th. Jefferies Group LLC reissued a “buy” rating and issued a $150.00 price objective (down from $165.00) on shares of Spectrum Brands Holdings in a report on Thursday, July 6th. Deutsche Bank AG decreased their price objective on Spectrum Brands Holdings from $152.00 to $149.00 and set a “buy” rating for the company in a report on Wednesday, May 3rd. Finally, BidaskClub lowered Spectrum Brands Holdings from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $149.50.

A number of institutional investors have recently modified their holdings of the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Spectrum Brands Holdings by 0.3% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 6,526 shares of the company’s stock worth $907,000 after buying an additional 20 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Spectrum Brands Holdings by 1.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,463 shares of the company’s stock worth $179,000 after buying an additional 21 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Spectrum Brands Holdings by 1.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,057 shares of the company’s stock worth $564,000 after buying an additional 40 shares during the last quarter. Capital Insight Partners LLC raised its position in shares of Spectrum Brands Holdings by 0.3% in the first quarter. Capital Insight Partners LLC now owns 17,827 shares of the company’s stock worth $2,478,000 after buying an additional 45 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in shares of Spectrum Brands Holdings by 3.3% in the first quarter. HighTower Advisors LLC now owns 2,083 shares of the company’s stock worth $288,000 after buying an additional 66 shares during the last quarter. 47.92% of the stock is owned by hedge funds and other institutional investors.

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Spectrum Brands Holdings (SPB) traded up 0.69% during mid-day trading on Friday, hitting $123.35. The company had a trading volume of 219,514 shares. The firm has a market cap of $7.26 billion, a P/E ratio of 23.30 and a beta of 0.69. The stock’s 50 day moving average price is $131.08 and its 200 day moving average price is $132.30. Spectrum Brands Holdings has a 52-week low of $113.95 and a 52-week high of $146.09.

Spectrum Brands Holdings 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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Earnings History and Estimates for Spectrum Brands Holdings (NYSE:SPB)

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