Spectrum Brands Holdings, Inc. (NYSE:SPB) - Equities research analysts at KeyCorp cut their FY2017 earnings per share estimates for Spectrum Brands Holdings in a report released on Thursday. KeyCorp analyst J. Gere now expects that the company will post earnings of $5.56 per share for the year, down from their prior estimate of $5.89. KeyCorp also issued estimates for Spectrum Brands Holdings’ FY2018 earnings at $6.07 EPS.
SPB has been the topic of several other research reports. Wells Fargo & Company reaffirmed a “buy” rating on shares of Spectrum Brands Holdings in a research note on Thursday. BidaskClub cut Spectrum Brands Holdings from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 8th. BMO Capital Markets set a $155.00 price target on Spectrum Brands Holdings and gave the company a “buy” rating in a research report on Tuesday, May 2nd. Jefferies Group LLC reiterated a “buy” rating and set a $150.00 price target (down from $165.00) on shares of Spectrum Brands Holdings in a research report on Thursday, July 6th. Finally, Zacks Investment Research cut Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a research report on Saturday. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $146.13.
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Shares of Spectrum Brands Holdings (NYSE:SPB) opened at 116.93 on Monday. The firm has a market cap of $6.86 billion, a price-to-earnings ratio of 23.94 and a beta of 0.69. The firm has a 50-day moving average price of $125.70 and a 200 day moving average price of $132.40. Spectrum Brands Holdings has a 12-month low of $108.30 and a 12-month high of $146.09.
Spectrum Brands Holdings (NYSE:SPB) last announced its quarterly earnings data on Thursday, July 27th. The company reported $1.71 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.92 by $0.21. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.38 billion. Spectrum Brands Holdings had a return on equity of 17.59% and a net margin of 5.87%. The company’s revenue was down 4.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.73 EPS.
Institutional investors have recently modified their holdings of the stock. UBS Asset Management Americas Inc. boosted its position in shares of Spectrum Brands Holdings by 277.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 78,738 shares of the company’s stock valued at $9,632,000 after buying an additional 57,904 shares during the period. Schroder Investment Management Group boosted its position in shares of Spectrum Brands Holdings by 12.2% in the first quarter. Schroder Investment Management Group now owns 626,618 shares of the company’s stock worth $87,789,000 after buying an additional 67,911 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Spectrum Brands Holdings by 52.8% in the first quarter. Nisa Investment Advisors LLC now owns 20,033 shares of the company’s stock worth $2,785,000 after buying an additional 6,920 shares during the last quarter. Gulf International Bank UK Ltd boosted its position in shares of Spectrum Brands Holdings by 1.0% in the first quarter. Gulf International Bank UK Ltd now owns 9,750 shares of the company’s stock worth $1,355,000 after buying an additional 100 shares during the last quarter. Finally, BB&T Securities LLC boosted its position in shares of Spectrum Brands Holdings by 5.4% in the first quarter. BB&T Securities LLC now owns 10,928 shares of the company’s stock worth $1,519,000 after buying an additional 563 shares during the last quarter. Institutional investors own 48.00% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Friday, August 11th. Spectrum Brands Holdings’s dividend payout ratio (DPR) is presently 34.29%.
Spectrum Brands Holdings Company Profile
Spectrum Brands Holdings, Inc (SB Holdings) is a diversified global consumer products company. The Company manufactures, markets and/or distributes its products in approximately 160 countries in the North America (NA); Europe, the Middle East and Africa (EMEA); Latin America (LATAM), and Asia-Pacific (APAC) regions.
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