Spectrum Brands Holdings, Inc. (NYSE:SPB – Get Free Report) has been given an average recommendation of “Moderate Buy” by the eight analysts that are covering the company, MarketBeat.com reports. Four 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 brokers that have covered the stock in the last year is $101.88.
A number of equities analysts recently weighed in on SPB shares. Canaccord Genuity Group lowered their price target on shares of Spectrum Brands from $92.00 to $90.00 and set a “hold” rating on the stock in a research report on Monday, July 1st. UBS Group boosted their price target on shares of Spectrum Brands from $111.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Spectrum Brands from $91.00 to $94.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. Finally, Wells Fargo & Company boosted their price target 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.
Check Out Our Latest Report on Spectrum Brands
Hedge Funds Weigh In On Spectrum Brands
Spectrum Brands Stock Down 0.4 %
SPB stock opened at $89.14 on Friday. The stock has a market capitalization of $2.50 billion, a P/E ratio of 1.80, a P/E/G ratio of 0.25 and a beta of 1.22. The firm has a 50-day simple moving average of $91.83 and a 200-day simple moving average of $88.24. The company has a quick ratio of 1.61, a current ratio of 2.28 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 released its earnings results on Thursday, August 8th. The company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.25). The company had revenue of $779.40 million for the quarter, compared to analysts’ expectations of $750.97 million. Spectrum Brands had a return on equity of 6.84% and a net margin of 3.86%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.75 EPS. Equities analysts forecast that Spectrum Brands will post 4.78 earnings per share for the current fiscal year.
Spectrum Brands Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Tuesday, August 27th were issued a $0.42 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $1.68 annualized dividend and a yield of 1.88%. Spectrum Brands’s payout ratio is 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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