Spectrum Brands (NYSE:SPB) Releases Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Spectrum Brands (NYSE:SPB) issued its quarterly earnings results on Thursday. The company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.11, Zacks reports. Spectrum Brands had a return on equity of 6.34% and a net margin of 4.01%. During the same period in the previous year, the company earned $0.78 EPS.

Spectrum Brands Stock Performance

NYSE:SPB opened at $78.19 on Friday. The stock’s 50-day moving average is $86.57 and its 200-day moving average is $89.04. The stock has a market cap of $2.14 billion, a P/E ratio of 19.21, a price-to-earnings-growth ratio of 1.36 and a beta of 1.20. Spectrum Brands has a 1-year low of $75.94 and a 1-year high of $96.74. The company has a current ratio of 2.30, a quick ratio of 1.62 and a debt-to-equity ratio of 0.26.

Spectrum Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Tuesday, February 18th. Spectrum Brands’s payout ratio is 46.19%.

Analysts Set New Price Targets

Several equities analysts have commented on SPB shares. Wedbush raised shares of Spectrum Brands from a “neutral” rating to an “outperform” rating and raised their target price for the company from $6.00 to $10.00 in a report on Friday. Royal Bank of Canada lowered their price objective on shares of Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday. Wells Fargo & Company reduced their target price on Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Canaccord Genuity Group raised Spectrum Brands from a “hold” rating to a “buy” rating and boosted their price target for the stock from $94.00 to $102.00 in a report on Friday. Finally, UBS Group reduced their price objective on Spectrum Brands from $114.00 to $109.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $91.11.

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.