Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $101.88.
Several equities research analysts recently commented on the company. Royal Bank of Canada reissued an “outperform” rating and set a $114.00 target price on shares of Spectrum Brands in a report on Friday, June 7th. Wells Fargo & Company lifted their price target on Spectrum Brands from $87.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. UBS Group lifted their target price on Spectrum Brands from $111.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Canaccord Genuity Group decreased their target price on shares of Spectrum Brands from $92.00 to $90.00 and set a “hold” rating for the company in a research note on Monday, July 1st. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Spectrum Brands from $91.00 to $94.00 and gave the stock a “hold” rating in a report on Friday, August 9th.
Check Out Our Latest Stock Report on SPB
Institutional Trading of Spectrum Brands
Spectrum Brands Price Performance
Shares of NYSE:SPB opened at $93.23 on Tuesday. The firm’s 50 day moving average is $88.98 and its two-hundred day moving average is $87.34. The firm has a market capitalization of $2.61 billion, a P/E ratio of 1.89, a PEG ratio of 0.33 and a beta of 1.22. The company has a current ratio of 2.28, a quick ratio of 1.61 and a debt-to-equity ratio of 0.26. Spectrum Brands has a 52 week low of $65.27 and a 52 week high of $96.74.
Spectrum Brands (NYSE:SPB – Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.25). Spectrum Brands had a net margin of 3.86% and a return on equity of 6.84%. The business had revenue of $779.40 million during the quarter, compared to analyst estimates of $750.97 million. During the same quarter in the prior year, the business earned $0.75 earnings per share. The firm’s revenue was up 6.0% compared to the same quarter last year. Analysts anticipate that Spectrum Brands will post 4.78 earnings per share for the current year.
Spectrum Brands Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, August 27th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.80%. The ex-dividend date is Tuesday, August 27th. Spectrum Brands’s dividend payout ratio is currently 3.40%.
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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