Spectrum Brands (SPB) Projected to Post Quarterly Earnings on Thursday

Spectrum Brands (NYSE:SPB - Get Free Report) is expected to post its quarterly earnings results before the market opens on Thursday, February 6th. Analysts expect Spectrum Brands to post earnings of $0.91 per share and revenue of $703.52 million for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

Spectrum Brands (NYSE:SPB - Get Free Report) last released its quarterly earnings data on Friday, November 15th. The company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.16). The firm 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 6.16% and a net margin of 4.21%. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.36 earnings per share. 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 Stock Up 0.9 %

NYSE:SPB traded up $0.77 during trading hours on Thursday, reaching $86.12. The company's stock had a trading volume of 275,883 shares, compared to its average volume of 348,873. Spectrum Brands has a 12 month low of $77.73 and a 12 month high of $96.74. The stock has a 50 day moving average price of $87.63 and a two-hundred day moving average price of $89.15. The company has a market capitalization of $2.42 billion, a P/E ratio of 21.11, a price-to-earnings-growth ratio of 1.49 and a beta of 1.20. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.62 and a current ratio of 2.30.

Spectrum Brands Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, November 26th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.18%. This is an increase from Spectrum Brands's previous quarterly dividend of $0.42. The ex-dividend date was Tuesday, November 26th. Spectrum Brands's payout ratio is 46.08%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. UBS Group cut their price objective on Spectrum Brands from $114.00 to $109.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. Canaccord Genuity Group upped their price objective on shares of Spectrum Brands from $91.00 to $94.00 and gave the company a "hold" rating in a report on Monday, November 18th. 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 for the company in a report on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Spectrum Brands currently has an average rating of "Moderate Buy" and a consensus price target of $100.75.

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.