Equities analysts forecast that Spectrum Brands Holdings Inc (NYSE:SPB) will report sales of $1.02 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Spectrum Brands’ earnings. The lowest sales estimate is $998.80 million and the highest is $1.04 billion. Spectrum Brands reported sales of $945.50 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.9%. The company is scheduled to announce its next earnings report before the market opens on Wednesday, August 7th.

On average, analysts expect that Spectrum Brands will report full-year sales of $3.80 billion for the current year, with estimates ranging from $3.77 billion to $3.84 billion. For the next year, analysts forecast that the company will report sales of $3.87 billion, with estimates ranging from $3.84 billion to $3.92 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Spectrum Brands.

Spectrum Brands (NYSE:SPB) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.12). The business had revenue of $906.70 million during the quarter, compared to analyst estimates of $874.57 million. Spectrum Brands had a net margin of 24.97% and a return on equity of 6.03%. Spectrum Brands’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $0.49 earnings per share.

A number of analysts have recently weighed in on SPB shares. Monness Crespi & Hardt restated a “buy” rating and issued a $77.00 price objective (up from $64.00) on shares of Spectrum Brands in a research note on Thursday, May 9th. Wells Fargo & Co reiterated a “hold” rating and set a $11.00 price objective on shares of Coty in a research report on Wednesday, May 8th. Zacks Investment Research cut GenMark Diagnostics from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. Royal Bank of Canada reiterated a “hold” rating and set a $0.35 price objective on shares of DB Commodity Double Short ETN in a research report on Friday, July 12th. Finally, Deutsche Bank reiterated a “hold” rating on shares of AIB Group in a research report on Monday, April 8th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Spectrum Brands has a consensus rating of “Hold” and a consensus target price of $57.39.

Shares of Spectrum Brands stock traded down $0.02 on Thursday, reaching $52.26. The stock had a trading volume of 230,869 shares, compared to its average volume of 363,335. The business has a 50-day moving average price of $54.07. The company has a current ratio of 1.60, a quick ratio of 0.82 and a debt-to-equity ratio of 1.21. Spectrum Brands has a fifty-two week low of $40.54 and a fifty-two week high of $92.72. The company has a market capitalization of $2.55 billion, a PE ratio of 14.76, a P/E/G ratio of 8.69 and a beta of 1.84.

A number of institutional investors have recently bought and sold shares of SPB. NJ State Employees Deferred Compensation Plan purchased a new position in shares of Spectrum Brands during the second quarter valued at approximately $591,000. HGK Asset Management Inc. grew its holdings in Spectrum Brands by 19.7% during the 2nd quarter. HGK Asset Management Inc. now owns 8,120 shares of the company’s stock valued at $437,000 after purchasing an additional 1,335 shares in the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in Spectrum Brands during the 2nd quarter valued at $23,659,000. Fox Run Management L.L.C. acquired a new stake in Spectrum Brands during the 2nd quarter valued at $411,000. Finally, New Jersey Better Educational Savings Trust acquired a new stake in Spectrum Brands during the 2nd quarter valued at $333,000.

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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