Spectrum Brands (SPB) Set to Announce Earnings on Friday

Spectrum Brands (NYSE:SPB - Get Free Report) is set to announce its earnings results before the market opens on Friday, November 15th. Analysts expect the company to announce earnings of $1.13 per share for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

Spectrum Brands (NYSE:SPB - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.25). Spectrum Brands had a return on equity of 6.84% and a net margin of 3.86%. The firm had revenue of $779.40 million for the quarter, compared to the consensus estimate of $750.97 million. During the same period in the prior year, the company earned $0.75 EPS. The company's revenue for the quarter was up 6.0% compared to the same quarter last year. On average, analysts expect Spectrum Brands to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Spectrum Brands Price Performance

SPB stock traded up $1.22 during mid-day trading on Friday, hitting $92.62. The stock had a trading volume of 297,331 shares, compared to its average volume of 383,529. The firm has a fifty day simple moving average of $91.54 and a 200 day simple moving average of $89.02. Spectrum Brands has a 52 week low of $65.27 and a 52 week high of $96.74. The company has a current ratio of 2.28, a quick ratio of 1.61 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $2.60 billion, a P/E ratio of 26.16, a P/E/G ratio of 0.25 and a beta of 1.23.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. UBS Group lifted their target price on Spectrum Brands from $111.00 to $120.00 and gave the company a "buy" rating in a research report on Friday, August 9th. Wells Fargo & Company lifted their price target on shares of Spectrum Brands from $87.00 to $90.00 and gave the company an "equal weight" rating in a report on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Spectrum Brands from $91.00 to $94.00 and gave the company a "hold" rating in a research note on Friday, August 9th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $101.88.

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.