Spectrum Brands Holdings, Inc. (SPB) Expected to Announce Quarterly Sales of $1.27 Billion

Equities research analysts expect Spectrum Brands Holdings, Inc. (NYSE:SPB) to post $1.27 billion in sales for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Spectrum Brands’ earnings, with estimates ranging from $1.25 billion to $1.29 billion. Spectrum Brands posted sales of $1.21 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 5%. The firm is expected to announce its next quarterly earnings report on Thursday, January 25th.

According to Zacks, analysts expect that Spectrum Brands will report full-year sales of $1.27 billion for the current financial year, with estimates ranging from $5.23 billion to $5.26 billion. For the next financial year, analysts forecast that the firm will post sales of $5.37 billion per share, with estimates ranging from $5.33 billion to $5.39 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Spectrum Brands.

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

Several equities analysts have recently weighed in on the stock. Oppenheimer reiterated a “buy” rating and issued a $167.00 price objective on shares of Spectrum Brands in a research note on Monday, November 20th. BMO Capital Markets set a $132.00 price objective on shares of Spectrum Brands and gave the stock a “buy” rating in a research note on Friday, November 17th. Zacks Investment Research upgraded shares of Spectrum Brands from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 17th. KeyCorp set a $130.00 price objective on shares of Spectrum Brands and gave the stock a “buy” rating in a research note on Monday, October 16th. Finally, Bank of America increased their price objective on shares of Spectrum Brands from $113.00 to $116.00 and gave the stock a “neutral” rating in a research note on Friday, November 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $137.25.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPB. Daiwa Securities Group Inc. raised its stake in Spectrum Brands by 33.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 800 shares of the company’s stock worth $100,000 after acquiring an additional 200 shares during the period. Pacad Investment Ltd. bought a new stake in Spectrum Brands during the 2nd quarter worth approximately $113,000. Toronto Dominion Bank raised its stake in Spectrum Brands by 244.3% during the 3rd quarter. Toronto Dominion Bank now owns 1,119 shares of the company’s stock worth $119,000 after acquiring an additional 794 shares during the period. FNY Partners Fund LP bought a new stake in Spectrum Brands during the 2nd quarter worth approximately $187,000. Finally, SG Americas Securities LLC raised its stake in Spectrum Brands by 50.6% during the 2nd quarter. SG Americas Securities LLC now owns 1,586 shares of the company’s stock worth $198,000 after acquiring an additional 533 shares during the period. Institutional investors own 48.26% of the company’s stock.

Shares of Spectrum Brands (NYSE:SPB) traded up $0.27 during midday trading on Friday, hitting $109.72. 529,538 shares of the stock were exchanged, compared to its average volume of 524,665. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.75 and a current ratio of 1.44. The stock has a market cap of $6,322.72, a P/E ratio of 20.10, a PEG ratio of 1.75 and a beta of 0.76. Spectrum Brands has a 12-month low of $98.11 and a 12-month high of $146.09.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Tuesday, November 28th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Monday, November 27th. Spectrum Brands’s payout ratio is 33.33%.

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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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