Spectrum Brands (NYSE:SPB) Issues Earnings Results

Spectrum Brands (NYSE:SPB) issued its quarterly earnings data on Thursday. The company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.11, Zacks reports. Spectrum Brands had a net margin of 4.21% and a return on equity of 6.16%. During the same quarter last year, the company posted $0.78 EPS.

Spectrum Brands Trading Down 7.7 %

Shares of NYSE:SPB traded down $6.35 during mid-day trading on Thursday, reaching $76.51. The stock had a trading volume of 1,500,478 shares, compared to its average volume of 436,378. The firm has a market cap of $2.09 billion, a PE ratio of 18.75, a price-to-earnings-growth ratio of 1.51 and a beta of 1.20. The firm has a 50 day simple moving average of $86.88 and a two-hundred day simple moving average of $89.13. 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 twelve month low of $75.94 and a twelve month high of $96.74.

Spectrum Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.47 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a yield of 2.46%. Spectrum Brands’s payout ratio is presently 46.08%.

Analysts Set New Price Targets

A number of equities research analysts have commented on SPB shares. Wells Fargo & Company decreased their price objective on shares of Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Canaccord Genuity Group increased their price objective on shares of Spectrum Brands from $91.00 to $94.00 and gave the stock a “hold” rating in a report on Monday, November 18th. Finally, UBS Group decreased their price objective on shares of Spectrum Brands from $114.00 to $109.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Spectrum Brands 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.