Spectrum Brands Holdings, Inc. (NYSE:SPB) – Investment analysts at Oppenheimer Holdings lowered their FY2017 earnings estimates for Spectrum Brands Holdings in a research note issued on Thursday. Oppenheimer Holdings analyst I. Zaffino now anticipates that the company will post earnings of $5.75 per share for the year, down from their previous estimate of $5.85. Oppenheimer Holdings also issued estimates for Spectrum Brands Holdings’ Q4 2017 earnings at $1.65 EPS.

Spectrum Brands Holdings (NYSE:SPB) last released its earnings results on Thursday, July 27th. The company reported $1.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.92 by $0.21. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Spectrum Brands Holdings had a return on equity of 17.78% and a net margin of 6.31%. The company’s revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.73 earnings per share.

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A number of other research analysts also recently issued reports on the company. Wells Fargo & Company reissued a “buy” rating on shares of Spectrum Brands Holdings in a report on Thursday. BidaskClub downgraded Spectrum Brands Holdings from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. Zacks Investment Research downgraded Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Jefferies Group LLC reissued a “buy” rating and issued a $150.00 price target (down from $165.00) on shares of Spectrum Brands Holdings in a report on Thursday, July 6th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $160.00 price target on shares of Spectrum Brands Holdings in a report on Thursday, May 25th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $149.50.

Spectrum Brands Holdings (NYSE SPB) traded down 0.72% during midday trading on Friday, reaching $117.10. 148,169 shares of the company traded hands. Spectrum Brands Holdings has a 1-year low of $108.30 and a 1-year high of $146.09. The stock has a market capitalization of $6.89 billion, a P/E ratio of 22.12 and a beta of 0.69. The firm has a 50-day moving average of $126.21 and a 200-day moving average of $132.45.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Tuesday, August 15th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Friday, August 11th. Spectrum Brands Holdings’s payout ratio is 31.70%.

Several hedge funds have recently modified their holdings of the company. UBS Asset Management Americas Inc. boosted its stake in shares of Spectrum Brands Holdings by 277.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 78,738 shares of the company’s stock valued at $9,632,000 after buying an additional 57,904 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of Spectrum Brands Holdings by 12.2% in the first quarter. Schroder Investment Management Group now owns 626,618 shares of the company’s stock valued at $87,789,000 after buying an additional 67,911 shares during the last quarter. Gulf International Bank UK Ltd boosted its stake in shares of Spectrum Brands Holdings by 1.0% in the first quarter. Gulf International Bank UK Ltd now owns 9,750 shares of the company’s stock valued at $1,355,000 after buying an additional 100 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Spectrum Brands Holdings by 52.8% in the first quarter. Nisa Investment Advisors LLC now owns 20,033 shares of the company’s stock valued at $2,785,000 after buying an additional 6,920 shares during the last quarter. Finally, BB&T Securities LLC boosted its stake in shares of Spectrum Brands Holdings by 5.4% in the first quarter. BB&T Securities LLC now owns 10,928 shares of the company’s stock valued at $1,519,000 after buying an additional 563 shares during the last quarter. Hedge funds and other institutional investors own 48.00% of the company’s stock.

About Spectrum Brands Holdings

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.

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

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