Spectrum Brands (NYSE:SPB) will be announcing its Q3 2019 earnings results before the market opens on Wednesday, August 7th. Analysts expect the company to announce earnings of $1.29 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.
Spectrum Brands (NYSE:SPB) last released its earnings results on Wednesday, May 8th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.12). Spectrum Brands had a return on equity of 6.03% and a net margin of 24.97%. The business had revenue of $906.70 million for the quarter, compared to the consensus estimate of $874.57 million. During the same quarter last year, the business posted $0.49 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, analysts expect Spectrum Brands to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
NYSE:SPB opened at $46.35 on Tuesday. Spectrum Brands has a twelve month low of $40.54 and a twelve month high of $92.72. The company has a market capitalization of $2.32 billion, a P/E ratio of 13.09, a price-to-earnings-growth ratio of 8.00 and a beta of 1.82. The stock’s fifty day simple moving average is $52.36. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.82 and a current ratio of 1.60.
Several analysts have recently weighed in on SPB shares. Royal Bank of Canada downgraded Spectrum Brands from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 12th. Zacks Investment Research downgraded Spectrum Brands from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Monness Crespi & Hardt restated a “buy” rating and issued a $77.00 price objective (up from $64.00) on shares of Spectrum Brands in a report on Thursday, May 9th. Deutsche Bank lifted their price objective on Spectrum Brands from $52.00 to $58.00 and gave the company a “hold” rating in a report on Monday, April 8th. Finally, Wells Fargo & Co restated a “hold” rating and issued a $62.00 price objective on shares of Spectrum Brands in a report on Wednesday, May 8th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $57.39.
Spectrum Brands Company Profile
Spectrum Brands Holdings, Inc operates as a branded consumer products company worldwide. The company's Hardware & Home Improvement segment offers hardware products under the National Hardware, Stanley, and FANAL brands; locksets and door hardware under the Kwikset, Weiser, Baldwin, EZSET, and Tell brands; and plumbing products under the Pfister brand.
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