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

Spectrum Brands (NYSE:SPB - Get Free Report) released 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 net margin of 4.01% and a return on equity of 6.34%. During the same quarter in the previous year, the firm posted $0.78 earnings per share.

Spectrum Brands Stock Down 2.6 %

SPB stock traded down $2.03 during trading on Monday, hitting $76.10. 1,001,505 shares of the company's stock traded hands, compared to its average volume of 464,053. The firm has a market capitalization of $2.08 billion, a P/E ratio of 18.70, a PEG ratio of 1.36 and a beta of 1.20. Spectrum Brands has a 1 year low of $74.72 and a 1 year high of $96.74. The company has a quick ratio of 1.62, a current ratio of 2.30 and a debt-to-equity ratio of 0.26. The business has a fifty day simple moving average of $86.30 and a two-hundred day simple moving average of $89.08.

Spectrum Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be given a $0.47 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.88 annualized dividend and a dividend yield of 2.47%. Spectrum Brands's payout ratio is presently 46.19%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. UBS Group reduced their target price 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. Royal Bank of Canada reduced their price target on shares of Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating on the stock in a research note on Friday. Canaccord Genuity Group raised shares of Spectrum Brands from a "hold" rating to a "buy" rating and boosted their price objective for the company from $94.00 to $102.00 in a research report on Friday. Finally, Wells Fargo & Company reduced their target price on shares of Spectrum Brands from $92.00 to $88.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $103.43.

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.