Analysts expect Spectrum Brands Holdings, Inc. (NYSE:SPB) to report sales of $1.03 billion for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Spectrum Brands’ earnings. Spectrum Brands posted sales of $937.80 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 9.8%. The company is expected to report its next earnings report on Thursday, April 29th.
On average, analysts expect that Spectrum Brands will report full year sales of $4.32 billion for the current fiscal year, with estimates ranging from $4.31 billion to $4.33 billion. For the next year, analysts expect that the firm will report sales of $4.36 billion, with estimates ranging from $4.30 billion to $4.42 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Spectrum Brands.
Spectrum Brands (NYSE:SPB) last issued its quarterly earnings data on Thursday, February 4th. The company reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $1.36. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Spectrum Brands had a net margin of 2.46% and a return on equity of 13.35%. The business’s revenue was up 31.4% on a year-over-year basis. During the same quarter last year, the company earned $0.20 EPS.
Shares of NYSE SPB traded down $1.52 during midday trading on Tuesday, reaching $80.94. 331,905 shares of the stock were exchanged, compared to its average volume of 323,560. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of 34.36, a PEG ratio of 0.81 and a beta of 1.94. Spectrum Brands has a twelve month low of $19.59 and a twelve month high of $85.54. The firm has a 50-day simple moving average of $80.62 and a two-hundred day simple moving average of $67.64. The company has a quick ratio of 1.24, a current ratio of 1.83 and a debt-to-equity ratio of 1.74.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 16th. Investors of record on Tuesday, February 23rd will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.08%. This is an increase from Spectrum Brands’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Monday, February 22nd. Spectrum Brands’s dividend payout ratio (DPR) is presently 40.98%.
Several large investors have recently modified their holdings of SPB. Pacer Advisors Inc. acquired a new stake in shares of Spectrum Brands during the 3rd quarter worth about $669,000. Ziegler Capital Management LLC purchased a new position in shares of Spectrum Brands in the 3rd quarter valued at about $1,254,000. CENTRAL TRUST Co boosted its stake in shares of Spectrum Brands by 9,200.0% in the 3rd quarter. CENTRAL TRUST Co now owns 1,395 shares of the company’s stock valued at $80,000 after buying an additional 1,380 shares during the period. Foundry Partners LLC purchased a new position in shares of Spectrum Brands in the 3rd quarter valued at about $7,757,000. Finally, New Mexico Educational Retirement Board purchased a new position in shares of Spectrum Brands in the 3rd quarter valued at about $57,000. 92.61% of the stock is owned by hedge funds and other institutional investors.
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 and FANAL brands; locksets and door hardware under the Kwikset, Weiser, Baldwin, EZSET, and Tell Manufacturing brands; and plumbing products under the Pfister brand.
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