Spectrum Brands Holdings, Inc. (SPB) To Go Ex-Dividend on February 18th

Spectrum Brands Holdings, Inc. (NYSE:SPB) announced a quarterly dividend on Tuesday, February 4th,Wall Street Journal reports. Stockholders of record on Tuesday, February 18th will be paid a dividend of 0.47 per share on Tuesday, March 11th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Tuesday, February 18th.

Spectrum Brands has raised its dividend payment by an average of 1.0% annually over the last three years. Spectrum Brands has a payout ratio of 30.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Spectrum Brands to earn $5.69 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 33.0%.

Spectrum Brands Trading Down 0.8 %

Shares of Spectrum Brands stock opened at $77.87 on Friday. Spectrum Brands has a 12-month low of $74.72 and a 12-month high of $96.74. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 19.13, a PEG ratio of 1.36 and a beta of 1.20. The company has a current ratio of 2.30, a quick ratio of 1.62 and a debt-to-equity ratio of 0.26. The company’s 50-day moving average price is $84.56 and its 200-day moving average price is $88.77.

Spectrum Brands (NYSE:SPB) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.11. Spectrum Brands had a net margin of 4.01% and a return on equity of 6.34%. During the same period in the prior year, the business earned $0.78 EPS. On average, equities analysts expect that Spectrum Brands will post 5.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SPB. Canaccord Genuity Group raised shares of Spectrum Brands from a “hold” rating to a “buy” rating and increased their price target for the stock from $94.00 to $102.00 in a report on Friday, February 7th. UBS Group lowered their target price on shares of Spectrum Brands from $114.00 to $109.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Wells Fargo & Company lowered their target price on shares of Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Finally, Royal Bank of Canada lowered their target price on shares of Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $103.43.

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.