Spectrum Brands Holdings, Inc. (SPB) to Release Quarterly Earnings on Tuesday
Spectrum Brands Holdings, Inc. (NYSE:SPB) is set to announce its Q116 earnings results before the market opens on Tuesday, February 2nd. Analysts expect the company to announce earnings of $1.08 per share and revenue of $1.20 billion for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.
Spectrum Brands Holdings (NYSE:SPB) last issued its quarterly earnings results on Thursday, November 19th. The company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by $0.03. The firm earned $1.31 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the previous year, the business earned $0.98 earnings per share. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, analysts expect Spectrum Brands Holdings to post $4.85 EPS for the current fiscal year and $5.47 EPS for the next fiscal year.
SPB has been the subject of several recent research reports. Zacks Investment Research downgraded Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, October 6th. Deutsche Bank reiterated a “buy” rating on shares of Spectrum Brands Holdings in a research report on Sunday, November 22nd. Raymond James began coverage on Spectrum Brands Holdings in a research report on Tuesday, December 15th. They set an “outperform” rating and a $106.00 target price for the company. Oppenheimer reiterated a “buy” rating on shares of Spectrum Brands Holdings in a research report on Thursday, January 21st. Finally, Jefferies Group upgraded Spectrum Brands Holdings from a “hold” rating to a “buy” rating and upped their target price for the company from $110.00 to $134.00 in a research report on Friday, January 8th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $113.00.
In other Spectrum Brands Holdings news, COO Andreas Rouve sold 19,324 shares of the company’s stock in a transaction dated Tuesday, December 1st. The stock was sold at an average price of $95.25, for a total value of $1,840,611.00. Following the completion of the transaction, the chief operating officer now owns 77,092 shares of the company’s stock, valued at approximately $7,343,013. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Nathan E. Fagre sold 13,178 shares of the company’s stock in a transaction dated Wednesday, December 2nd. The stock was sold at an average price of $95.08, for a total value of $1,252,964.24. Following the completion of the transaction, the senior vice president now directly owns 26,908 shares of the company’s stock, valued at approximately $2,558,412.64. The disclosure for this sale can be found here.
Spectrum Brands Holdings, Inc. (NYSE:SPB) opened at 91.90 on Friday. Spectrum Brands Holdings, Inc. has a 52 week low of $86.02 and a 52 week high of $106.55. The stock’s 50 day moving average price is $97.59 and its 200 day moving average price is $97.08. The firm has a market cap of $5.43 billion and a price-to-earnings ratio of 34.55.
Spectrum Brands Holdings, Inc. (NYSE:SPB) is a consumer products company. The Company supplies consumer batteries, residential locksets, residential builder’s hardware, plumbing and accessories, shaving and grooming products, personal care products, small household appliances, specialty pet supplies, lawn and garden and home pest control products, personal insect repellents and auto care products. The Company operates in segments, which include Global Batteries & Appliances, Hardware and Home Improvement, Global Pet Supplies, Home and Garden, and Global Auto Care. The Company manufactures and markets alkaline, zinc carbon and hearing aid batteries, as well as aquariums and aquatic health supplies and the designing and marketing of rechargeable batteries and electric shavers, among others. The Company also offers Armor All, STP and A/C PRO brands.
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