Spectrum Brands (NYSE:SPB) Posts Earnings Results, Misses Estimates By $0.16 EPS

Spectrum Brands (NYSE:SPB - Get Free Report) issued 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. Spectrum Brands had a return on equity of 6.84% and a net margin of 3.86%. The firm had revenue of $773.70 million for the quarter, compared to analysts' expectations of $747.80 million. During the same period last year, the firm earned $1.36 earnings per share. Spectrum Brands's revenue for the quarter was up 4.5% on a year-over-year basis.

Spectrum Brands Stock Performance

SPB stock traded down $5.68 on Friday, hitting $88.18. The company's stock had a trading volume of 932,303 shares, compared to its average volume of 385,078. The firm has a 50 day moving average of $91.57 and a two-hundred day moving average of $89.38. Spectrum Brands has a 1 year low of $65.27 and a 1 year high of $96.74. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 24.92, a price-to-earnings-growth ratio of 0.26 and a beta of 1.23. The company has a current ratio of 2.28, a quick ratio of 1.61 and a debt-to-equity ratio of 0.26.

Spectrum Brands Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, November 26th will be given a $0.47 dividend. This is an increase from Spectrum Brands's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.88 annualized dividend and a yield of 2.13%. Spectrum Brands's dividend payout ratio is 47.46%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Spectrum Brands from $87.00 to $90.00 and gave the company an "equal weight" rating in a research note on Friday, August 9th. 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 report on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Spectrum Brands from $91.00 to $94.00 and gave the company a "hold" rating in a report on Friday, August 9th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price 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.