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

Spectrum Brands (NYSE:SPB) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.49 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Spectrum Brands (NYSE:SPB) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.47. Spectrum Brands had a return on equity of 4.66% and a net margin of 63.89%. The firm had revenue of $692.20 million during the quarter, compared to analyst estimates of $674.20 million. During the same period last year, the company posted ($0.32) EPS. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. On average, analysts expect Spectrum Brands to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Spectrum Brands Stock Down 0.1 %

SPB stock opened at $85.30 on Wednesday. The firm has a market cap of $2.58 billion, a PE ratio of 1.85, a P/E/G ratio of 0.58 and a beta of 1.20. Spectrum Brands has a 12 month low of $65.27 and a 12 month high of $89.64. The firm has a 50 day simple moving average of $83.22 and a 200 day simple moving average of $79.43. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.36 and a quick ratio of 2.75.

Analysts Set New Price Targets

SPB has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on shares of Spectrum Brands from $75.00 to $85.00 and gave the company an “equal weight” rating in a research report on Friday, February 9th. Monness Crespi & Hardt upped their price target on Spectrum Brands from $87.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Royal Bank of Canada raised their price objective on Spectrum Brands from $89.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Canaccord Genuity Group lowered shares of Spectrum Brands from a “buy” rating to a “hold” rating and increased their price target for the stock from $83.00 to $86.00 in a research report on Friday, February 9th. Finally, Canaccord Genuity Group reiterated a “hold” rating and issued a $86.00 price objective (up previously from $83.00) on shares of Spectrum Brands in a research note on Friday, February 9th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Spectrum Brands has an average rating of “Hold” and an average target price of $89.17.

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.