Zacks: Brokerages Anticipate Spectrum Brands Holdings Inc (SPB) Will Announce Earnings of $0.46 Per Share

Equities analysts expect Spectrum Brands Holdings Inc (NYSE:SPB) to report earnings of $0.46 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Spectrum Brands’ earnings. The lowest EPS estimate is $0.33 and the highest is $0.71. Spectrum Brands posted earnings per share of ($1.12) during the same quarter last year, which would suggest a positive year over year growth rate of 141.1%. The company is expected to issue its next earnings results before the market opens on Wednesday, May 8th.

On average, analysts expect that Spectrum Brands will report full-year earnings of $2.82 per share for the current year, with EPS estimates ranging from $2.65 to $3.00. For the next year, analysts expect that the business will post earnings of $3.81 per share, with EPS estimates ranging from $3.46 to $4.34. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Spectrum Brands.

Spectrum Brands (NYSE:SPB) last released its earnings results on Thursday, February 7th. The company reported ($0.20) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.60). Spectrum Brands had a net margin of 3.32% and a return on equity of 3.24%. The business had revenue of $874.60 million for the quarter, compared to analysts’ expectations of $910.97 million. During the same period last year, the firm earned $0.38 EPS. The company’s revenue was up 35.5% compared to the same quarter last year.

Several research firms have weighed in on SPB. Zacks Investment Research raised Spectrum Brands from a “strong sell” rating to a “buy” rating and set a $65.00 target price on the stock in a research note on Thursday, April 11th. Deutsche Bank lifted their target price on Spectrum Brands from $52.00 to $58.00 and gave the company a “hold” rating in a research note on Monday, April 8th. Bank of America raised Spectrum Brands from a “neutral” rating to a “buy” rating and boosted their price target for the company from $50.00 to $65.00 in a research note on Friday, January 18th. CIBC reissued a “buy” rating and issued a $14.50 price target on shares of Spectrum Brands in a research note on Thursday, January 10th. Finally, ValuEngine cut Spectrum Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $59.65.

Institutional investors and hedge funds have recently bought and sold shares of the stock. PRW Wealth Management LLC acquired a new stake in Spectrum Brands in the 4th quarter worth approximately $27,000. Benjamin F. Edwards & Company Inc. lifted its holdings in Spectrum Brands by 100.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,000 shares of the company’s stock worth $42,000 after purchasing an additional 500 shares during the last quarter. First Hawaiian Bank acquired a new stake in Spectrum Brands in the 4th quarter worth approximately $46,000. Captrust Financial Advisors acquired a new stake in Spectrum Brands in the 3rd quarter worth approximately $116,000. Finally, Quantamental Technologies LLC acquired a new stake in Spectrum Brands in the 4th quarter worth approximately $68,000.

NYSE:SPB traded down $0.41 on Monday, hitting $61.52. 18,903 shares of the company’s stock traded hands, compared to its average volume of 378,636. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.12 and a quick ratio of 0.91. Spectrum Brands has a 1 year low of $40.54 and a 1 year high of $100.31. The stock has a market cap of $3.05 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 2.56 and a beta of 1.90.

Spectrum Brands Company Profile

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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Earnings History and Estimates for Spectrum Brands (NYSE:SPB)

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