Spectrum Brands (NYSE:SPB – Get Free Report) announced its quarterly earnings data on Thursday. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.25), Briefing.com reports. The firm had revenue of $779.40 million for the quarter, compared to the consensus estimate of $750.97 million. Spectrum Brands had a net margin of 68.11% and a return on equity of 6.43%. Spectrum Brands’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.75 earnings per share. Spectrum Brands updated its FY 2024 guidance to EPS.
Spectrum Brands Trading Down 2.9 %
Shares of SPB stock traded down $2.64 during trading hours on Friday, reaching $87.82. The company’s stock had a trading volume of 672,934 shares, compared to its average volume of 428,256. The stock has a market capitalization of $2.46 billion, a P/E ratio of 1.75, a P/E/G ratio of 0.36 and a beta of 1.19. The company has a current ratio of 3.73, a quick ratio of 3.05 and a debt-to-equity ratio of 0.61. The firm’s fifty day simple moving average is $86.17 and its 200 day simple moving average is $84.97. Spectrum Brands has a one year low of $65.27 and a one year high of $96.74.
Spectrum Brands Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Tuesday, August 27th will be given a $0.42 dividend. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.91%. Spectrum Brands’s dividend payout ratio is currently 3.40%.
Analyst Upgrades and Downgrades
View Our Latest Analysis on SPB
Spectrum Brands Company Profile
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.
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