Oppenheimer Weighs in on Spectrum Brands Holdings Inc’s Q1 2020 Earnings (NYSE:SPB)

Spectrum Brands Holdings Inc (NYSE:SPB) – Oppenheimer issued their Q1 2020 EPS estimates for Spectrum Brands in a research note issued to investors on Wednesday, November 13th. Oppenheimer analyst I. Zaffino forecasts that the company will post earnings per share of $0.48 for the quarter. Oppenheimer also issued estimates for Spectrum Brands’ Q2 2020 earnings at $0.61 EPS, Q4 2020 earnings at $1.23 EPS, FY2020 earnings at $3.75 EPS and FY2021 earnings at $4.10 EPS.

A number of other analysts have also recently commented on SPB. Deutsche Bank cut their target price on shares of Spectrum Brands from $60.00 to $56.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Royal Bank of Canada reissued a “buy” rating and set a $68.00 target price on shares of Spectrum Brands in a research note on Sunday, August 11th. ValuEngine cut shares of Spectrum Brands from a “hold” rating to a “sell” rating in a research note on Friday. Raymond James reissued an “outperform” rating and set a $15.00 target price on shares of Spectrum Brands in a research note on Friday. Finally, Wells Fargo & Co cut their target price on shares of Spectrum Brands from $53.00 to $52.00 and set a “market perform” rating for the company in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $55.28.

SPB opened at $61.79 on Monday. Spectrum Brands has a fifty-two week low of $40.54 and a fifty-two week high of $66.50. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.84 and a current ratio of 1.45. The company has a fifty day moving average of $51.11 and a two-hundred day moving average of $54.33. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 2.75 and a beta of 1.74.

Spectrum Brands (NYSE:SPB) last issued its quarterly earnings results on Wednesday, November 13th. The company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.04. Spectrum Brands had a return on equity of 7.18% and a net margin of 12.32%. The firm had revenue of $993.00 million for the quarter, compared to analysts’ expectations of $990.38 million. During the same period in the previous year, the firm posted $0.79 EPS. The business’s revenue for the quarter was up 26.0% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Monday, November 25th will be paid a dividend of $0.42 per share. The ex-dividend date is Friday, November 22nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.72%. Spectrum Brands’s dividend payout ratio is currently 58.74%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its holdings in Spectrum Brands by 1.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 18,687 shares of the company’s stock valued at $985,000 after purchasing an additional 341 shares during the last quarter. First Mercantile Trust Co. increased its stake in shares of Spectrum Brands by 10.2% during the third quarter. First Mercantile Trust Co. now owns 3,698 shares of the company’s stock valued at $195,000 after buying an additional 342 shares during the period. Bank of Montreal Can increased its stake in shares of Spectrum Brands by 0.3% during the second quarter. Bank of Montreal Can now owns 121,493 shares of the company’s stock valued at $6,533,000 after buying an additional 382 shares during the period. OLD National Bancorp IN increased its stake in shares of Spectrum Brands by 4.6% during the third quarter. OLD National Bancorp IN now owns 10,066 shares of the company’s stock valued at $531,000 after buying an additional 439 shares during the period. Finally, Gabelli Funds LLC increased its stake in shares of Spectrum Brands by 9.1% during the second quarter. Gabelli Funds LLC now owns 6,000 shares of the company’s stock valued at $323,000 after buying an additional 500 shares during the period.

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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Earnings History and Estimates for Spectrum Brands (NYSE:SPB)

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