Wall Street brokerages expect Spectrum Brands Holdings, Inc. (NYSE:SPB) to report sales of $1.27 billion for the current quarter, Zacks reports. Four analysts have provided estimates for Spectrum Brands’ earnings. The lowest sales estimate is $1.25 billion and the highest is $1.28 billion. Spectrum Brands posted sales of $1.21 billion during the same quarter last year, which would indicate a positive year over year growth rate of 5%. The business is scheduled to issue its next earnings report before the market opens on Thursday, February 8th.

On average, analysts expect that Spectrum Brands will report full year sales of $1.27 billion for the current fiscal year, with estimates ranging from $5.23 billion to $5.26 billion. For the next financial year, analysts anticipate that the business will report sales of $5.38 billion per share, with estimates ranging from $5.34 billion to $5.39 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Spectrum Brands.

Spectrum Brands (NYSE:SPB) last released its quarterly earnings data on Thursday, November 16th. The company reported $1.35 earnings per share (EPS) 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 firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the company earned $1.31 EPS. The business’s quarterly revenue was up 5.8% compared to the same quarter last year.

Several research firms have recently issued reports on SPB. Wells Fargo & Co reaffirmed a “buy” rating on shares of Spectrum Brands in a research note on Tuesday. KeyCorp set a $140.00 target price on shares of Spectrum Brands and gave the company a “buy” rating in a research report on Tuesday. UBS Group increased their target price on shares of Spectrum Brands from $124.00 to $140.00 in a research report on Tuesday. Canaccord Genuity reissued a “buy” rating on shares of Spectrum Brands in a research report on Thursday, September 28th. Finally, Bank of America increased their target price on shares of Spectrum Brands from $113.00 to $116.00 and gave the company a “neutral” rating in a research report on Friday, November 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the stock. Spectrum Brands has an average rating of “Buy” and a consensus price target of $142.50.

Several institutional investors have recently bought and sold shares of SPB. JPMorgan Chase & Co. lifted its holdings in shares of Spectrum Brands by 7.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,756,257 shares of the company’s stock worth $184,511,000 after purchasing an additional 121,573 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Spectrum Brands by 2.4% in the 3rd quarter. Bessemer Group Inc. now owns 1,074,169 shares of the company’s stock worth $113,776,000 after purchasing an additional 25,670 shares in the last quarter. Schroder Investment Management Group lifted its holdings in shares of Spectrum Brands by 7.7% in the 3rd quarter. Schroder Investment Management Group now owns 875,847 shares of the company’s stock worth $92,016,000 after purchasing an additional 62,944 shares in the last quarter. Check Capital Management Inc. CA lifted its holdings in shares of Spectrum Brands by 173.8% in the 3rd quarter. Check Capital Management Inc. CA now owns 759,562 shares of the company’s stock worth $80,453,000 after purchasing an additional 482,162 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Spectrum Brands by 2.6% in the 2nd quarter. State Street Corp now owns 569,855 shares of the company’s stock worth $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.

Spectrum Brands (SPB) opened at $121.30 on Friday. Spectrum Brands has a 52 week low of $98.11 and a 52 week 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. The stock has a market capitalization of $7,212.48, a P/E ratio of 24.07, a PEG ratio of 1.87 and a beta of 0.76.

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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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