Spectrum Brands Holdings, Inc. (NYSE:SPB) – KeyCorp issued their Q4 2019 earnings per share estimates for Spectrum Brands in a report released on Tuesday. KeyCorp analyst J. Gere forecasts that the company will post earnings per share of $1.62 for the quarter. KeyCorp has a “Buy” rating and a $140.00 price objective on the stock.

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

Several other analysts have also issued reports on SPB. Jefferies Group restated a “buy” rating and issued a $142.00 target price on shares of Spectrum Brands in a research note on Thursday, November 16th. Wells Fargo & Co restated a “buy” rating on shares of Spectrum Brands in a research note on Wednesday, December 20th. BMO Capital Markets set a $132.00 target price on Spectrum Brands and gave the company a “buy” rating in a research note on Friday, November 17th. Oppenheimer restated a “buy” rating and issued a $167.00 target price on shares of Spectrum Brands in a research note on Monday, November 20th. Finally, UBS Group boosted their target price on Spectrum Brands from $124.00 to $140.00 in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $142.50.

Shares of Spectrum Brands (SPB) traded up $0.04 during trading on Friday, reaching $121.34. The company had a trading volume of 1,111,510 shares, compared to its average volume of 780,454. The company has a market capitalization of $7,212.48, a price-to-earnings ratio of 24.08, a P/E/G ratio of 1.87 and a beta of 0.76. Spectrum Brands has a 1-year low of $98.11 and a 1-year high of $146.09. The company has a quick ratio of 0.75, a current ratio of 1.44 and a debt-to-equity ratio of 2.06.

Several institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. raised its stake in shares of Spectrum Brands by 7.4% in the third quarter. JPMorgan Chase & Co. now owns 1,756,257 shares of the company’s stock valued at $184,511,000 after buying an additional 121,573 shares during the period. Bessemer Group Inc. grew its position in shares of Spectrum Brands by 2.4% in the third quarter. Bessemer Group Inc. now owns 1,074,169 shares of the company’s stock valued at $113,776,000 after purchasing an additional 25,670 shares in the last quarter. Schroder Investment Management Group grew its position in shares of Spectrum Brands by 7.7% in the third quarter. Schroder Investment Management Group now owns 875,847 shares of the company’s stock valued at $92,016,000 after purchasing an additional 62,944 shares in the last quarter. Check Capital Management Inc. CA grew its position in shares of Spectrum Brands by 173.8% in the third quarter. Check Capital Management Inc. CA now owns 759,562 shares of the company’s stock valued at $80,453,000 after purchasing an additional 482,162 shares in the last quarter. Finally, State Street Corp grew its position in shares of Spectrum Brands by 2.6% in the second quarter. State Street Corp now owns 569,855 shares of the company’s stock valued at $71,288,000 after purchasing an additional 14,196 shares in the last quarter. Hedge funds and other institutional investors own 48.24% of the company’s stock.

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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.

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

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