Spectrum Brands (NYSE:SPB) Issues Earnings Results, Misses Expectations By $0.16 EPS

Spectrum Brands (NYSE:SPB) released its earnings results on Friday. The company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.16), RTT News reports. The company had revenue of $773.70 million for the quarter, compared to analysts’ expectations of $747.80 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 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.36 EPS.

Spectrum Brands Trading Down 6.1 %

Shares of Spectrum Brands stock opened at $88.18 on Friday. Spectrum Brands has a fifty-two week low of $65.27 and a fifty-two week high of $96.74. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.61 and a current ratio of 2.28. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 24.91, a PEG ratio of 0.26 and a beta of 1.23. The stock has a 50 day moving average of $91.57 and a 200 day moving average of $89.38.

Spectrum Brands Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Tuesday, November 26th. This is a positive change from Spectrum Brands’s previous quarterly dividend of $0.42. Spectrum Brands’s payout ratio is presently 47.46%.

Analyst Upgrades and Downgrades

SPB has been the subject of several recent research reports. Wells Fargo & Company increased their price objective on Spectrum Brands from $87.00 to $90.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Spectrum Brands from $91.00 to $94.00 and gave the stock a “hold” rating in a report on Friday, August 9th. Finally, 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. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $101.88.

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.