Spectrum Brands Holdings, Inc. (NYSE:SPB) – Stock analysts at Oppenheimer issued their FY2019 earnings per share (EPS) estimates for Spectrum Brands in a research note issued on Wednesday, according to Zacks Investment Research. Oppenheimer analyst I. Zaffino anticipates that the company will earn $6.86 per share for the year. Oppenheimer has a “Buy” rating on the stock.

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Spectrum Brands (NYSE:SPB) last released its earnings results on Thursday, November 16th. The company reported $1.35 EPS for the quarter, missing the Zacks’ consensus estimate of $1.47 by ($0.12). The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Spectrum Brands had a net margin of 5.91% and a return on equity of 17.48%. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.31 EPS.

SPB has been the subject of a number of other research reports. Royal Bank of Canada restated a “buy” rating and issued a $155.00 target price on shares of Spectrum Brands in a research note on Wednesday, November 15th. Zacks Investment Research upgraded Spectrum Brands from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Jefferies Group reiterated a “buy” rating and set a $145.00 price objective on shares of Spectrum Brands in a research note on Tuesday, January 9th. Wells Fargo & Co reiterated a “buy” rating on shares of Spectrum Brands in a research note on Tuesday, January 16th. Finally, KeyCorp set a $130.00 price objective on Spectrum Brands and gave the company a “buy” rating in a research note on Friday, November 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. Spectrum Brands has a consensus rating of “Buy” and an average target price of $142.50.

Spectrum Brands (NYSE:SPB) traded down $1.08 on Friday, hitting $119.72. The stock had a trading volume of 216,975 shares, compared to its average volume of 572,208. The stock has a market cap of $6,900.00, a PE ratio of 23.85, a PEG ratio of 1.80 and a beta of 0.76. The company has a current ratio of 1.44, a quick ratio of 0.75 and a debt-to-equity ratio of 2.06. Spectrum Brands has a 52 week low of $98.11 and a 52 week high of $146.09.

A number of large investors have recently made changes to their positions in the business. Reilly Financial Advisors LLC raised its stake in shares of Spectrum Brands by 588.4% in the fourth quarter. Reilly Financial Advisors LLC now owns 14,636 shares of the company’s stock worth $1,645,000 after purchasing an additional 12,510 shares during the last quarter. Hennessy Advisors Inc. purchased a new position in shares of Spectrum Brands in the fourth quarter worth $406,000. First Manhattan Co. raised its stake in shares of Spectrum Brands by 107.3% in the fourth quarter. First Manhattan Co. now owns 82,842 shares of the company’s stock worth $9,311,000 after purchasing an additional 42,885 shares during the last quarter. Phoenix Investment Adviser LLC purchased a new position in shares of Spectrum Brands in the fourth quarter worth $686,000. Finally, State of Alaska Department of Revenue purchased a new position in shares of Spectrum Brands in the fourth quarter worth $202,000. Institutional investors and hedge funds own 47.79% of the company’s stock.

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About Spectrum Brands

Spectrum Brands Holdings, Inc (SB Holdings) is a diversified global consumer products company. The Company manufactures, markets and/or distributes its products in approximately 160 countries in the North America (NA); Europe, the Middle East and Africa (EMEA); Latin America (LATAM), and Asia-Pacific (APAC) regions.

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

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