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

Brokerages expect Spectrum Brands Holdings, Inc. (NYSE:SPB) to report $1.27 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Spectrum Brands’ earnings, with the lowest sales estimate coming in at $1.25 billion and the highest estimate coming in at $1.28 billion. Spectrum Brands posted sales of $1.21 billion in the same quarter last year, which suggests a positive year over year growth rate of 5%. The business is scheduled to report 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 fiscal year, analysts expect that the business will post sales of $5.38 billion per share, with estimates ranging from $5.34 billion to $5.39 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Spectrum Brands.

Spectrum Brands (NYSE:SPB) last posted its quarterly earnings data 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 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 posted $1.31 earnings per share. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year.

Several research firms recently commented on SPB. Oppenheimer reissued a “buy” rating and issued a $167.00 price objective on shares of Spectrum Brands in a research note on Monday, November 20th. Canaccord Genuity reissued a “buy” rating on shares of Spectrum Brands in a research note on Wednesday, November 15th. UBS Group increased their price objective on Spectrum Brands from $124.00 to $140.00 in a research note on Tuesday, January 16th. Wells Fargo & Co reissued an “outperform” rating and issued a $125.00 price objective (down from $147.00) on shares of Spectrum Brands in a research note on Tuesday, October 31st. Finally, Jefferies Group reissued a “buy” rating and issued a $143.00 price objective on shares of Spectrum Brands in a research note on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $142.50.

Spectrum Brands (NYSE:SPB) opened at $113.34 on Monday. 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 company has a market capitalization of $6,531.33, a price-to-earnings ratio of 22.49, a P/E/G ratio of 1.70 and a beta of 0.69.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Tuesday, February 20th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Friday, February 16th. Spectrum Brands’s payout ratio is currently 33.33%.

A number of large investors have recently modified their holdings of SPB. Alliancebernstein L.P. grew its holdings in Spectrum Brands by 19.9% in the 2nd quarter. Alliancebernstein L.P. now owns 17,160 shares of the company’s stock valued at $2,146,000 after buying an additional 2,851 shares in the last quarter. Voya Investment Management LLC grew its holdings in Spectrum Brands by 26.3% in the 2nd quarter. Voya Investment Management LLC now owns 35,393 shares of the company’s stock valued at $4,425,000 after buying an additional 7,373 shares in the last quarter. Numeric Investors LLC purchased a new stake in Spectrum Brands in the 2nd quarter valued at $1,025,000. Royal Bank of Canada grew its holdings in Spectrum Brands by 125.2% in the 2nd quarter. Royal Bank of Canada now owns 24,106 shares of the company’s stock valued at $3,015,000 after buying an additional 13,404 shares in the last quarter. Finally, Flinton Capital Management LLC grew its holdings in Spectrum Brands by 4.8% in the 2nd quarter. Flinton Capital Management LLC now owns 6,320 shares of the company’s stock valued at $790,000 after buying an additional 288 shares in the last quarter. Institutional investors own 47.79% 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.

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

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