Spectrum Brands (NYSE:SPB) Releases Quarterly Earnings Results, Misses Estimates By $0.16 EPS

Spectrum Brands (NYSE:SPB) released its quarterly earnings data on Friday. The company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.16), RTT News reports. Spectrum Brands had a net margin of 3.86% and a return on equity of 6.84%. The firm had revenue of $773.70 million during the quarter, compared to the consensus estimate of $747.80 million. During the same quarter last year, the business posted $1.36 earnings per share. Spectrum Brands’s revenue was up 4.5% compared to the same quarter last year.

Spectrum Brands Trading Down 5.1 %

Spectrum Brands stock traded down $4.76 during mid-day trading on Friday, reaching $89.10. 35,035 shares of the company traded hands, compared to its average volume of 381,037. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.28 and a quick ratio of 1.61. The firm’s 50 day moving average price is $91.58 and its 200 day moving average price is $89.35. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of 25.28, a P/E/G ratio of 0.26 and a beta of 1.23. Spectrum Brands has a 52-week low of $65.27 and a 52-week high of $96.74.

Spectrum Brands Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, November 26th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Tuesday, November 26th. Spectrum Brands’s payout ratio is currently 47.46%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SPB shares. Wells Fargo & Company raised their price objective on shares of Spectrum Brands from $87.00 to $90.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. UBS Group lifted their target price on shares of Spectrum Brands from $111.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Spectrum Brands from $91.00 to $94.00 and gave the company a “hold” rating in a research report on Friday, August 9th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Spectrum Brands presently has a consensus rating of “Hold” and a consensus target price of $101.88.

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.