Spectrum Brands Holdings, Inc. (NYSE:SPB) – Equities researchers at KeyCorp issued their Q1 2019 earnings per share estimates for shares of Spectrum Brands in a research note issued to investors on Tuesday. KeyCorp analyst J. Gere expects that the company will post earnings of $1.35 per share for the quarter. KeyCorp has a “Buy” rating and a $140.00 price objective on the stock. KeyCorp also issued estimates for Spectrum Brands’ Q2 2019 earnings at $1.44 EPS and Q3 2019 earnings at $2.07 EPS.

Spectrum Brands (NYSE:SPB) last issued its earnings results on Thursday, November 16th. The company reported $1.35 EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the firm posted $1.31 earnings per share. The business’s revenue was up 5.8% compared to the same quarter last year.

Several other research analysts also recently commented on SPB. Canaccord Genuity reiterated a “buy” rating on shares of Spectrum Brands in a research note on Thursday, September 28th. Jefferies Group restated a “buy” rating and issued a $143.00 price target on shares of Spectrum Brands in a research note on Thursday, October 12th. Zacks Investment Research upgraded Spectrum Brands from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Wells Fargo & Co restated an “outperform” rating and issued a $125.00 price target (down from $147.00) on shares of Spectrum Brands in a research note on Tuesday, October 31st. Finally, Royal Bank of Canada restated a “buy” rating and issued a $155.00 price target on shares of Spectrum Brands in a research note on Wednesday, November 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $142.50.

Shares of Spectrum Brands (NYSE SPB) traded down $3.86 during midday trading on Thursday, hitting $121.30. The stock had a trading volume of 467,405 shares, compared to its average volume of 752,867. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.44 and a quick ratio of 0.75. 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 $7,216.51, a P/E ratio of 24.07, a P/E/G ratio of 1.87 and a beta of 0.76.

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 19th. Investors of record on Tuesday, November 28th were paid a $0.42 dividend. The ex-dividend date was Monday, November 27th. This represents a $1.68 annualized dividend and a yield of 1.38%. Spectrum Brands’s dividend payout ratio (DPR) is presently 33.33%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPB. SG Americas Securities LLC boosted its stake in Spectrum Brands by 50.6% in the 2nd quarter. SG Americas Securities LLC now owns 1,586 shares of the company’s stock valued at $198,000 after purchasing an additional 533 shares during the period. Alliancebernstein L.P. lifted its position in shares of Spectrum Brands by 19.9% during the 2nd quarter. Alliancebernstein L.P. now owns 17,160 shares of the company’s stock valued at $2,146,000 after acquiring an additional 2,851 shares during the period. Teachers Advisors LLC lifted its position in shares of Spectrum Brands by 80.1% during the 2nd quarter. Teachers Advisors LLC now owns 58,511 shares of the company’s stock valued at $7,316,000 after acquiring an additional 26,016 shares during the period. TIAA CREF Investment Management LLC lifted its position in shares of Spectrum Brands by 0.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 363,144 shares of the company’s stock valued at $45,408,000 after acquiring an additional 3,318 shares during the period. Finally, Amalgamated Bank lifted its position in shares of Spectrum Brands by 27.2% during the 2nd quarter. Amalgamated Bank now owns 4,565 shares of the company’s stock valued at $571,000 after acquiring an additional 977 shares during the period. Institutional investors and hedge funds own 48.24% of the company’s stock.

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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.

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

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