Spectrum Brands (SPB) to Release Quarterly Earnings on Thursday

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

Spectrum Brands (NYSE:SPB) last posted its quarterly earnings data on Friday, November 15th. The company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.16). The company had revenue of $773.70 million for the quarter, compared to the consensus estimate of $747.80 million. Spectrum Brands had a net margin of 4.21% and a return on equity of 6.16%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.36 earnings per share. 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 Price Performance

SPB opened at $82.17 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.62 and a current ratio of 2.30. Spectrum Brands has a 1-year low of $77.73 and a 1-year high of $96.74. The company has a 50-day moving average of $87.05 and a 200-day moving average of $89.17. The company has a market capitalization of $2.24 billion, a P/E ratio of 20.14, a PEG 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. Investors of record on Tuesday, November 26th were issued a $0.47 dividend. This is a positive change from Spectrum Brands’s previous quarterly dividend of $0.42. This represents a $1.88 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Tuesday, November 26th. Spectrum Brands’s payout ratio is currently 46.08%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on SPB shares. Canaccord Genuity Group lifted their target price on Spectrum Brands from $91.00 to $94.00 and gave the stock a “hold” rating in a research report on Monday, November 18th. UBS Group decreased their price objective on shares of Spectrum Brands from $114.00 to $109.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Finally, Wells Fargo & Company reduced their price target on shares of 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 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $100.75.

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.