$815.33 Million in Sales Expected for Spectrum Brands, Inc. Common Stock (SPB) This Quarter

Wall Street analysts expect that Spectrum Brands, Inc. Common Stock (NYSE:SPB) will announce $815.33 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for Spectrum Brands, Inc. Common Stock’s earnings, with the lowest sales estimate coming in at $797.50 million and the highest estimate coming in at $831.20 million. Spectrum Brands, Inc. Common Stock posted sales of $1.32 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 38.2%. The firm is expected to report its next quarterly earnings results on Monday, November 19th.

On average, analysts expect that Spectrum Brands, Inc. Common Stock will report full year sales of $3.17 billion for the current fiscal year, with estimates ranging from $3.16 billion to $3.19 billion. For the next fiscal year, analysts expect that the company will post sales of $3.28 billion per share, with estimates ranging from $3.25 billion to $3.34 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Spectrum Brands, Inc. Common Stock.

Spectrum Brands, Inc. Common Stock (NYSE:SPB) last released its quarterly earnings results on Thursday, July 26th. The company reported $1.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.55 by $0.21. Spectrum Brands, Inc. Common Stock had a net margin of 22.32% and a negative return on equity of 4.00%. The business had revenue of $945.50 million for the quarter, compared to analyst estimates of $900.23 million. During the same quarter in the previous year, the business earned $1.71 earnings per share. The firm’s revenue was down 27.5% compared to the same quarter last year.

A number of research firms have recently issued reports on SPB. TheStreet upgraded shares of Spectrum Brands, Inc. Common Stock from a “c” rating to a “b-” rating in a report on Monday, August 20th. BMO Capital Markets boosted their price target on shares of Spectrum Brands, Inc. Common Stock from $95.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, July 31st. Gabelli restated a “buy” rating on shares of Spectrum Brands, Inc. Common Stock in a report on Friday, July 27th. ValuEngine lowered shares of Spectrum Brands, Inc. Common Stock from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Finally, Bank of America began coverage on shares of Spectrum Brands, Inc. Common Stock in a report on Friday, July 20th. They set a “neutral” rating and a $84.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Spectrum Brands, Inc. Common Stock has an average rating of “Buy” and a consensus price target of $125.10.

SPB stock opened at $82.50 on Friday. Spectrum Brands, Inc. Common Stock has a 52-week low of $58.88 and a 52-week high of $119.94. The company has a current ratio of 3.14, a quick ratio of 2.68 and a debt-to-equity ratio of 3.07. The company has a market cap of $4.46 billion, a PE ratio of -133.06 and a beta of 1.66.

The business also recently disclosed a special dividend, which was paid on Tuesday, September 11th. Shareholders of record on Tuesday, August 14th were paid a $0.42 dividend. The ex-dividend date was Monday, August 13th. Spectrum Brands, Inc. Common Stock’s dividend payout ratio is presently -270.97%.

A number of institutional investors have recently added to or reduced their stakes in SPB. Wells Fargo & Company MN increased its stake in Spectrum Brands, Inc. Common Stock by 1,443.5% in the 1st quarter. Wells Fargo & Company MN now owns 1,693,665 shares of the company’s stock valued at $175,633,000 after buying an additional 1,583,933 shares during the period. SG Americas Securities LLC bought a new stake in Spectrum Brands, Inc. Common Stock in the first quarter worth approximately $112,000. Victory Capital Management Inc. grew its position in Spectrum Brands, Inc. Common Stock by 18.2% in the first quarter. Victory Capital Management Inc. now owns 23,204 shares of the company’s stock worth $2,406,000 after acquiring an additional 3,573 shares in the last quarter. Great Lakes Advisors LLC bought a new stake in Spectrum Brands, Inc. Common Stock in the first quarter worth approximately $211,000. Finally, Eaton Vance Management bought a new stake in Spectrum Brands, Inc. Common Stock in the first quarter worth approximately $2,593,000.

Spectrum Brands, Inc. Common Stock Company Profile

Spectrum Brands Holdings, Inc, through its subsidiaries, operates as a branded consumer products company that manufactures, markets, and distributes branded consumer products. It supplies consumer batteries, residential locksets, residential builders' hardware, plumbing, shaving and grooming products, personal care products, small household appliances, specialty pet supplies, personal insect repellents, and auto care products, as well as lawn and garden, and home pest control products.

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Earnings History and Estimates for Spectrum Brands, Inc. Common Stock (NYSE:SPB)

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