Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $101.88.
Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Spectrum Brands from $87.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft upped their target price on Spectrum Brands from $91.00 to $94.00 and gave the company a “hold” 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 report on Friday, August 9th. Finally, Canaccord Genuity Group reduced their target price on shares of Spectrum Brands from $92.00 to $90.00 and set a “hold” rating on the stock in a report on Monday, July 1st.
Check Out Our Latest Report on Spectrum Brands
Institutional Inflows and Outflows
Spectrum Brands Trading Up 0.2 %
NYSE SPB opened at $89.49 on Friday. The stock has a 50 day moving average of $91.76 and a 200-day moving average of $88.29. Spectrum Brands has a 12 month low of $65.27 and a 12 month high of $96.74. The company has a market cap of $2.51 billion, a PE ratio of 25.28, a PEG ratio of 0.25 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 (NYSE:SPB – Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates 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 previous year, the firm posted $0.75 earnings per share. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. On average, equities research analysts anticipate that Spectrum Brands will post 4.76 EPS for the current fiscal year.
Spectrum Brands Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, August 27th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.88%. The ex-dividend date was Tuesday, August 27th. Spectrum Brands’s payout ratio is presently 47.46%.
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.
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