Spectrum Brands (NYSE:SPB) released its earnings results on Friday. The company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.43, MarketWatch Earnings reports. Spectrum Brands had a positive return on equity of 10.92% and a negative net margin of 6.31%. The business had revenue of $984.30 million during the quarter, compared to the consensus estimate of $946.17 million. During the same period last year, the company earned $1.35 earnings per share. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year.
Spectrum Brands stock opened at $54.16 on Friday. The stock’s fifty day moving average is $46.74 and its two-hundred day moving average is $47.65. The company has a debt-to-equity ratio of 2.45, a current ratio of 2.39 and a quick ratio of 1.53. Spectrum Brands has a 1-year low of $19.59 and a 1-year high of $64.72. The stock has a market cap of $2.33 billion, a PE ratio of -10.72, a P/E/G ratio of 1.56 and a beta of 1.91.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, August 25th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend is Monday, August 24th. Spectrum Brands’s dividend payout ratio is presently 58.74%.
A number of equities research analysts recently commented on the stock. Deutsche Bank increased their target price on shares of Spectrum Brands from $47.00 to $53.00 and gave the company a “hold” rating in a research report on Thursday, July 16th. Zacks Investment Research raised shares of Spectrum Brands from a “sell” rating to a “hold” rating and set a $51.00 target price for the company in a report on Friday, July 17th. Finally, Oppenheimer reissued a “buy” rating and set a $58.00 target price on shares of Spectrum Brands in a report on Friday. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $46.00.
Spectrum Brands Company Profile
Spectrum Brands Holdings, Inc operates as a branded consumer products company worldwide. The company's Hardware & Home Improvement segment offers hardware products under the National Hardware, Stanley, and FANAL brands; locksets and door hardware under the Kwikset, Weiser, Baldwin, EZSET, and Tell brands; and plumbing products under the Pfister brand.
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