Spectrum Brands (NYSE:SPB) Posts Quarterly Earnings Results, Misses Estimates By $0.16 EPS

Spectrum Brands (NYSE:SPB) announced its earnings results on Friday. The company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.16), RTT News reports. Spectrum Brands had a net margin of 4.21% and a return on equity of 6.11%. The firm had revenue of $773.70 million during the quarter, compared to analyst estimates of $747.80 million. During the same period in the previous year, the firm posted $1.36 EPS. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year.

Spectrum Brands Stock Performance

SPB stock opened at $88.22 on Monday. The company has a current ratio of 2.28, a quick ratio of 1.61 and a debt-to-equity ratio of 0.26. The firm has a market cap of $2.47 billion, a P/E ratio of 21.62, a P/E/G ratio of 0.25 and a beta of 1.23. Spectrum Brands has a 12-month low of $65.27 and a 12-month high of $96.74. The stock’s 50 day simple moving average is $91.49 and its 200 day simple moving average is $89.48.

Spectrum Brands Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, November 26th will be given a dividend of $0.47 per share. This is a positive change from Spectrum Brands’s previous quarterly dividend of $0.42. This represents a $1.88 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Tuesday, November 26th. Spectrum Brands’s dividend payout ratio is currently 41.18%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Spectrum Brands from $91.00 to $94.00 and gave the company a “hold” rating in a research note on Friday, August 9th. UBS Group lifted their price target on Spectrum Brands from $111.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 9th. Finally, Wells Fargo & Company lifted their price target on Spectrum Brands from $87.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $101.88.

About Spectrum Brands

Spectrum Brands Holdings, Inc operates as a branded consumer products and home essentials company in North America, Europe, the Middle East, Africa, and Asia-Pacific regions. It operates through three segments: Home and Personal Care; Global Pet Care; and Home and Garden. The Home and Personal Care segment provides home appliances under the Black & Decker, Russell Hobbs, George Foreman, PowerXL, Emeril Legasse, Copper Chef, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington brand.