Spectrum Brands (SPB) Projected to Post Quarterly Earnings on Thursday

Spectrum Brands (NYSE:SPB) is expected to announce its earnings results before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $0.91 per share and revenue of $703.31 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Spectrum Brands (NYSE:SPB) last issued its quarterly earnings results on Friday, November 15th. The company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.16). Spectrum Brands had a return on equity of 6.16% and a net margin of 4.21%. The business had revenue of $773.70 million for the quarter, compared to analysts’ expectations of $747.80 million. During the same quarter in the prior year, the business earned $1.36 EPS. The company’s revenue was up 4.5% compared to the same quarter last year. On average, analysts expect Spectrum Brands to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Spectrum Brands Trading Down 2.9 %

Shares of SPB stock opened at $82.07 on Tuesday. The company has a current ratio of 2.30, a quick ratio of 1.62 and a debt-to-equity ratio of 0.26. Spectrum Brands has a 12-month low of $77.73 and a 12-month high of $96.74. The stock’s 50-day moving average price is $87.43 and its 200-day moving average price is $89.21. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 1.51 and a beta of 1.20.

Spectrum Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, November 26th were paid a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $1.88 annualized dividend and a yield of 2.29%. This is an increase from Spectrum Brands’s previous quarterly dividend of $0.42. Spectrum Brands’s dividend payout ratio (DPR) is presently 46.08%.

Wall Street Analysts Forecast Growth

SPB has been the subject of a number of recent research reports. Canaccord Genuity Group boosted their price objective on shares of Spectrum Brands from $91.00 to $94.00 and gave the stock a “hold” rating in a research note on Monday, November 18th. UBS Group decreased their target price on Spectrum Brands from $114.00 to $109.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Finally, Wells Fargo & Company decreased their target price on Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $100.75.

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.