Spectrum Brands Holdings, Inc. (NYSE:SPB) – Equities research analysts at Jefferies Group cut their FY2017 EPS estimates for shares of Spectrum Brands Holdings in a note issued to investors on Thursday. Jefferies Group analyst K. Grundy now forecasts that the company will earn $5.56 per share for the year, down from their previous estimate of $5.66. Jefferies Group has a “Buy” rating and a $143.00 price objective on the stock. Jefferies Group also issued estimates for Spectrum Brands Holdings’ Q4 2017 earnings at $1.46 EPS, FY2018 earnings at $6.41 EPS and FY2019 earnings at $7.67 EPS.

Spectrum Brands Holdings (NYSE:SPB) last issued its quarterly earnings results on Thursday, July 27th. The company reported $1.71 EPS for the quarter, missing the consensus estimate of $1.92 by ($0.21). Spectrum Brands Holdings had a return on equity of 17.46% and a net margin of 5.87%. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the firm earned $1.73 earnings per share. The company’s quarterly revenue was down 4.2% compared to the same quarter last year.

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A number of other brokerages have also recently issued reports on SPB. Royal Bank Of Canada set a $155.00 price objective on shares of Spectrum Brands Holdings and gave the company a “buy” rating in a report on Friday, July 28th. KeyCorp set a $130.00 price target on shares of Spectrum Brands Holdings and gave the company a “buy” rating in a research report on Monday, October 16th. Zacks Investment Research lowered shares of Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. BidaskClub raised shares of Spectrum Brands Holdings from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Finally, Canaccord Genuity reissued a “buy” rating on shares of Spectrum Brands Holdings in a research report on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. Spectrum Brands Holdings presently has an average rating of “Buy” and an average target price of $142.29.

Shares of Spectrum Brands Holdings (NYSE SPB) opened at 110.03 on Monday. Spectrum Brands Holdings has a 12 month low of $101.93 and a 12 month high of $146.09. The firm’s 50-day moving average is $105.69 and its 200 day moving average is $121.27. The company has a market capitalization of $6.39 billion, a PE ratio of 22.53 and a beta of 0.65.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Swiss National Bank lifted its position in shares of Spectrum Brands Holdings by 1.6% during the second quarter. Swiss National Bank now owns 96,300 shares of the company’s stock valued at $12,041,000 after purchasing an additional 1,500 shares in the last quarter. Eagle Asset Management Inc. raised its position in Spectrum Brands Holdings by 27.3% in the second quarter. Eagle Asset Management Inc. now owns 54,260 shares of the company’s stock worth $6,784,000 after acquiring an additional 11,629 shares during the period. Virginia Retirement Systems ET AL raised its position in Spectrum Brands Holdings by 14.8% in the second quarter. Virginia Retirement Systems ET AL now owns 52,100 shares of the company’s stock worth $6,515,000 after acquiring an additional 6,700 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its position in Spectrum Brands Holdings by 85.6% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 100,908 shares of the company’s stock worth $12,618,000 after acquiring an additional 46,537 shares during the period. Finally, Alliancebernstein L.P. raised its position in Spectrum Brands Holdings by 19.9% in the second quarter. Alliancebernstein L.P. now owns 17,160 shares of the company’s stock worth $2,146,000 after acquiring an additional 2,851 shares during the period. 46.97% of the stock is currently owned by institutional investors.

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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