Spectrum Brands (NYSE:SPB) Issues Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Spectrum Brands (NYSE:SPB) posted its earnings results on Thursday. The company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.11, Zacks reports. Spectrum Brands had a net margin of 4.21% and a return on equity of 6.16%. During the same period in the previous year, the firm earned $0.78 earnings per share.

Spectrum Brands Stock Performance

Shares of SPB stock traded up $0.80 during mid-day trading on Friday, reaching $77.26. The stock had a trading volume of 198,234 shares, compared to its average volume of 425,857. The firm has a market cap of $2.11 billion, a PE ratio of 18.96, a P/E/G ratio of 1.51 and a beta of 1.20. The company has a quick ratio of 1.62, a current ratio of 2.30 and a debt-to-equity ratio of 0.26. Spectrum Brands has a one year low of $75.94 and a one year high of $96.74. The firm’s 50 day simple moving average is $86.57 and its 200 day simple moving average is $89.04.

Spectrum Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.47 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.88 annualized dividend and a yield of 2.43%. Spectrum Brands’s dividend payout ratio is 46.08%.

Analyst Ratings Changes

Several research firms recently issued reports on SPB. Wells Fargo & Company reduced their price objective on shares of Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Wedbush upgraded Spectrum Brands from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $6.00 to $10.00 in a research note on Friday. Canaccord Genuity Group upgraded Spectrum Brands from a “hold” rating to a “buy” rating and boosted their target price for the stock from $94.00 to $102.00 in a report on Friday. Finally, UBS Group lowered their price target on Spectrum Brands from $114.00 to $109.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.56.

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.