Equities analysts predict that Spectrum Brands Holdings Inc (NYSE:SPB) will post $994.69 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Spectrum Brands’ earnings, with estimates ranging from $986.70 million to $999.10 million. Spectrum Brands posted sales of $787.80 million during the same quarter last year, which suggests a positive year-over-year growth rate of 26.3%. The firm is scheduled to announce its next earnings results on Monday, November 18th.
On average, analysts expect that Spectrum Brands will report full-year sales of $3.80 billion for the current year, with estimates ranging from $3.78 billion to $3.81 billion. For the next year, analysts forecast that the firm will report sales of $3.86 billion, with estimates ranging from $3.85 billion to $3.88 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Spectrum Brands.
Spectrum Brands (NYSE:SPB) last released its earnings results on Wednesday, August 7th. The company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.13. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1 billion. Spectrum Brands had a net margin of 13.21% and a return on equity of 6.36%. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.76 earnings per share.
In related news, insider David M. Maura acquired 20,000 shares of Spectrum Brands stock in a transaction that occurred on Friday, August 9th. The stock was acquired at an average price of $50.43 per share, with a total value of $1,008,600.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC acquired a new stake in Spectrum Brands in the 2nd quarter valued at about $123,000. Hancock Whitney Corp acquired a new stake in Spectrum Brands in the 2nd quarter valued at about $230,000. Teza Capital Management LLC acquired a new stake in Spectrum Brands in the 2nd quarter valued at about $263,000. Keybank National Association OH acquired a new stake in Spectrum Brands in the 2nd quarter valued at about $283,000. Finally, Point72 Hong Kong Ltd acquired a new stake in Spectrum Brands in the 2nd quarter valued at about $287,000.
Shares of Spectrum Brands stock traded down $1.28 during trading on Tuesday, hitting $50.07. 46,750 shares of the stock were exchanged, compared to its average volume of 481,112. The stock’s fifty day moving average is $53.26 and its 200 day moving average is $55.75. The stock has a market cap of $2.55 billion, a PE ratio of 14.12, a P/E/G ratio of 2.38 and a beta of 1.75. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.84 and a current ratio of 1.54. Spectrum Brands has a 12 month low of $40.54 and a 12 month high of $73.76.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, August 22nd were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $1.68 annualized dividend and a dividend yield of 3.36%. Spectrum Brands’s dividend payout ratio is currently 47.46%.
About Spectrum Brands
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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