Spectrum Brands (NYSE:SPB) Announces Earnings Results

Spectrum Brands (NYSE:SPB) issued its earnings results on Thursday. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $0.90 by $0.49, FiscalAI reports. The company had revenue of $713.20 million during the quarter, compared to analyst estimates of $717.98 million. Spectrum Brands had a return on equity of 10.06% and a net margin of 2.76%. The business’s revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.61 EPS.

Here are the key takeaways from Spectrum Brands’ conference call:

• For fiscal 2026, adjusted EBITDA excluding tariff refunds rose 9.8% to $317.4 million, and adjusted free cash flow excluding refunds was $188.2 million. Spectrum ended the year with net leverage of 0.77x and said its strong cash generation provides financial flexibility.
• Global Pet Care and Home and Garden returned to growth, with full-year sales up 5.1% and 3.9%, respectively; management said volume growth and share gains supported performance. Home and Personal Care also expanded adjusted EBITDA margin by 130 basis points, excluding tariff refunds.
• Home and Personal Care remains pressured by soft demand, retailer distribution losses, and intensifying competition, particularly online; the company expects sales in the segment to be relatively flat in fiscal 2027.
• For fiscal 2027, Spectrum expects sales and adjusted EBITDA to be flat to up low single digits, while forecasting about $80 million in incremental input-cost inflation. Management expects targeted pricing, lower tariff rates, and cost improvements to offset the pressure, and projects free cash flow at about 50% of adjusted EBITDA.
• Empower Brands, Spectrum’s joint venture with Oaktree, is seeking to acquire Helen of Troy, arguing that scale could support investment and efficiencies; Helen of Troy has rejected the proposal. Spectrum said it remains open to discussions and is evaluating its options.

Spectrum Brands Stock Performance

SPB stock traded up $0.25 during mid-day trading on Thursday, reaching $88.54. The company had a trading volume of 632,076 shares, compared to its average volume of 377,936. The company has a quick ratio of 1.61, a current ratio of 2.41 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $2.04 billion, a P/E ratio of 10.97, a P/E/G ratio of 3.16 and a beta of 0.81. Spectrum Brands has a one year low of $53.21 and a one year high of $99.06. The stock’s 50-day simple moving average is $83.02 and its two-hundred day simple moving average is $81.42.

Spectrum Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, November 24th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Tuesday, November 24th. Spectrum Brands’s dividend payout ratio is presently 57.32%.

Trending Headlines about Spectrum Brands

These are some of the SPB headlines that stood out recently:

• Positive Sentiment: For fiscal Q4, Spectrum reported adjusted EPS of $1.39, above the roughly $0.90 analyst consensus. The company also declared a quarterly dividend of $0.47 per share, payable December 15. Spectrum Brands Q4 earnings estimates
• Negative Sentiment: Helen of Troy’s board unanimously rejected Empower Brands’ unsolicited, non-binding proposal, a setback to the potential transaction. Helen of Troy statement
• Negative Sentiment: Revenue was $713.2 million, below expectations of about $718 million and down 2.8% year over year. EPS also fell from $2.61 a year earlier, tempering the positive surprise versus analyst estimates. Spectrum Brands beats Q4 earnings but revenue falls short

Analyst Ratings Changes

Several research firms recently issued reports on SPB. Deutsche Bank reissued a “hold” rating and set a $96.00 price target on shares of Spectrum Brands in a research report on Monday, August 10th. Monness Crespi & Hardt lifted their price objective on shares of Spectrum Brands from $86.00 to $105.00 and gave the stock a “buy” rating in a report on Monday, August 10th. UBS Group initiated coverage on shares of Spectrum Brands in a research note on Thursday, October 15th. They set a “buy” rating and a $97.00 target price for the company. Canaccord Genuity Group increased their target price on shares of Spectrum Brands from $99.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Finally, Royal Bank Of Canada downgraded shares of Spectrum Brands from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from $85.00 to $92.00 in a research report on Monday, August 10th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Spectrum Brands currently has a consensus rating of “Moderate Buy” and a consensus target price of $97.86.

About Spectrum Brands

Spectrum Brands Holdings, Inc. is a global consumer products company that develops, manufactures and markets products for homes, pets and gardens. Its businesses serve consumers through a portfolio of established brands and retail, e-commerce and other distribution channels. The company’s Home and Personal Care products include small kitchen appliances, personal care devices and home appliances sold under brands such as Remington, Russell Hobbs, George Foreman and Black+Decker, under license. Its Global Pet Care business offers products for aquatic pets, companion animals and pet health, including brands such as Tetra, DreamBone and Nature’s Miracle.