Equities analysts expect Spectrum Brands Holdings, Inc. (NYSE:SPB) to report earnings of $1.29 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Spectrum Brands’ earnings. The highest EPS estimate is $1.33 and the lowest is $1.24. Spectrum Brands reported earnings of $1.21 per share during the same quarter last year, which indicates a positive year over year growth rate of 6.6%. The firm is scheduled to report its next quarterly earnings results on Thursday, January 25th.

According to Zacks, analysts expect that Spectrum Brands will report full-year earnings of $6.16 per share for the current fiscal year, with EPS estimates ranging from $6.00 to $6.33. For the next year, analysts expect that the firm will post earnings of $6.91 per share, with EPS estimates ranging from $6.47 to $7.27. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Spectrum Brands.

Spectrum Brands (NYSE:SPB) last posted its quarterly earnings data on Thursday, November 16th. The company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.12). Spectrum Brands had a return on equity of 17.48% and a net margin of 5.91%. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the previous year, the firm posted $1.31 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis.

SPB has been the topic of several research analyst reports. Oppenheimer restated a “buy” rating and set a $167.00 price target on shares of Spectrum Brands in a report on Wednesday, August 30th. Royal Bank of Canada restated a “buy” rating and set a $155.00 price target on shares of Spectrum Brands in a report on Wednesday, November 15th. Wells Fargo & Company restated an “outperform” rating and set a $125.00 price target (down from $147.00) on shares of Spectrum Brands in a report on Tuesday, October 31st. Gabelli upgraded shares of Spectrum Brands from a “hold” rating to a “buy” rating in a report on Friday, November 17th. Finally, Canaccord Genuity restated a “buy” rating on shares of Spectrum Brands in a report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $137.25.

Spectrum Brands (NYSE:SPB) opened at $109.45 on Friday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.75 and a current ratio of 1.44. Spectrum Brands has a fifty-two week low of $98.11 and a fifty-two week high of $146.09. The company has a market cap of $6,383.82, a price-to-earnings ratio of 20.29, a PEG ratio of 1.77 and a beta of 0.76.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 19th. Investors of record on Tuesday, November 28th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Monday, November 27th. Spectrum Brands’s payout ratio is presently 33.33%.

Several hedge funds have recently added to or reduced their stakes in the stock. Swiss National Bank lifted its position in Spectrum Brands by 1.6% during the 2nd quarter. Swiss National Bank now owns 96,300 shares of the company’s stock worth $12,041,000 after acquiring an additional 1,500 shares during the last quarter. Alliancebernstein L.P. lifted its position in Spectrum Brands by 19.9% during the 2nd 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 last quarter. First Manhattan Co. lifted its position in Spectrum Brands by 242.9% during the 3rd quarter. First Manhattan Co. now owns 39,957 shares of the company’s stock worth $4,232,000 after acquiring an additional 28,305 shares during the last quarter. Eagle Asset Management Inc. lifted its position in Spectrum Brands by 27.3% during the 2nd 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 last quarter. Finally, Virginia Retirement Systems ET AL lifted its position in Spectrum Brands by 14.8% during the 2nd 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 last quarter. 48.26% of the stock is owned by institutional investors and hedge funds.

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About Spectrum Brands

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 (NYSE:SPB)

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