Spectrum Brands Holdings, Inc. to Post Q3 2018 Earnings of $2.17 Per Share, Jefferies Group Forecasts (SPB)
Spectrum Brands Holdings, Inc. (NYSE:SPB) – Equities researchers at Jefferies Group increased their Q3 2018 EPS estimates for Spectrum Brands in a report issued on Tuesday. Jefferies Group analyst K. Grundy now forecasts that the company will earn $2.17 per share for the quarter, up from their prior estimate of $2.16. Jefferies Group has a “Buy” rating and a $145.00 price objective on the stock. Jefferies Group also issued estimates for Spectrum Brands’ Q4 2018 earnings at $1.23 EPS, FY2019 earnings at $6.78 EPS and FY2020 earnings at $7.78 EPS.
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 Thomson Reuters’ consensus estimate of $1.47 by ($0.12). Spectrum Brands had a net margin of 5.91% and a return on equity of 17.48%. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the business posted $1.31 EPS. The business’s revenue for the quarter was up 5.8% on a year-over-year basis.
Spectrum Brands (NYSE SPB) traded down $1.31 during trading hours on Thursday, hitting $120.00. 763,200 shares of the stock traded hands, compared to its average volume of 716,171. Spectrum Brands has a one year low of $98.11 and a one year high of $146.09. The company has a market cap of $6,950.00, a price-to-earnings ratio of 23.90, a price-to-earnings-growth ratio of 1.79 and a beta of 0.76. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.75 and a current ratio of 1.44.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. California Public Employees Retirement System lifted its position in shares of Spectrum Brands by 1.3% in the third quarter. California Public Employees Retirement System now owns 43,041 shares of the company’s stock worth $4,559,000 after purchasing an additional 541 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of Spectrum Brands by 213.8% in the third quarter. Cubist Systematic Strategies LLC now owns 8,680 shares of the company’s stock worth $919,000 after purchasing an additional 5,914 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Spectrum Brands by 22.4% in the third quarter. Asset Management One Co. Ltd. now owns 46,394 shares of the company’s stock worth $4,912,000 after purchasing an additional 8,504 shares in the last quarter. Keeley Teton Advisors LLC lifted its position in shares of Spectrum Brands by 11.2% in the third quarter. Keeley Teton Advisors LLC now owns 67,471 shares of the company’s stock worth $7,147,000 after purchasing an additional 6,800 shares in the last quarter. Finally, Pinebridge Investments L.P. purchased a new stake in shares of Spectrum Brands in the third quarter worth approximately $7,882,000. 48.23% of the stock is owned by institutional investors and hedge funds.
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 19th. Shareholders of record on Tuesday, November 28th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Monday, November 27th. Spectrum Brands’s payout ratio is 33.47%.
Spectrum Brands 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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