Spectrum Brands Holdings Inc. (NYSE:SPB) – Equities research analysts at Gabelli issued their FY2020 earnings per share estimates for Spectrum Brands Holdings in a research note issued to investors on Thursday. Gabelli analyst Z. Bodini anticipates that the brokerage will earn $8.10 per share for the year.
Spectrum Brands Holdings (NYSE:SPB) last announced its quarterly earnings data on Thursday, July 28th. The company reported $1.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.69 by $0.04. Spectrum Brands Holdings had a net margin of 5.44% and a return on equity of 17.79%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the firm posted $1.42 EPS. Spectrum Brands Holdings’s revenue for the quarter was up 9.1% on a year-over-year basis.
Several other analysts also recently weighed in on the company. Deutsche Bank AG reiterated a “buy” rating and set a $140.00 target price (up from $125.00) on shares of Spectrum Brands Holdings in a research report on Sunday, July 24th. Jefferies Group reiterated a “buy” rating on shares of Spectrum Brands Holdings in a research report on Thursday, August 25th. Monness Crespi & Hardt lifted their target price on Spectrum Brands Holdings from $138.00 to $151.00 and gave the stock a “buy” rating in a research report on Thursday, September 29th. Zacks Investment Research downgraded Spectrum Brands Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, October 11th. Finally, Piper Jaffray Cos. started coverage on Spectrum Brands Holdings in a report on Thursday, September 1st. They issued an “overweight” rating and a $147.00 price objective for the company. Eight analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average target price of $142.50.
Shares of Spectrum Brands Holdings (NYSE:SPB) opened at 134.92 on Friday. The stock has a market capitalization of $8.01 billion, a P/E ratio of 27.41 and a beta of 0.65. Spectrum Brands Holdings has a 12 month low of $87.65 and a 12 month high of $138.95. The company’s 50-day moving average is $132.75 and its 200 day moving average is $121.79.
In related news, insider David M. Maura bought 2,000 shares of the business’s stock in a transaction on Thursday, September 15th. The shares were bought at an average price of $127.47 per share, for a total transaction of $254,940.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Stacey L. Neu sold 800 shares of Spectrum Brands Holdings stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $128.04, for a total value of $102,432.00. Following the completion of the transaction, the senior vice president now owns 3,850 shares in the company, valued at approximately $492,954. The disclosure for this sale can be found here. 0.95% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of the stock. Highland Capital Management LLC raised its position in Spectrum Brands Holdings by 1.1% in the third quarter. Highland Capital Management LLC now owns 12,642 shares of the company’s stock valued at $1,741,000 after buying an additional 143 shares during the period. Eagle Asset Management Inc. raised its stake in shares of Spectrum Brands Holdings by 12.8% in the third quarter. Eagle Asset Management Inc. now owns 37,262 shares of the company’s stock worth $5,130,000 after buying an additional 4,221 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Spectrum Brands Holdings by 12.4% in the second quarter. Royal Bank of Canada now owns 2,443 shares of the company’s stock worth $292,000 after buying an additional 270 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Spectrum Brands Holdings by 351.4% in the second quarter. Public Employees Retirement System of Ohio now owns 36,189 shares of the company’s stock worth $4,318,000 after buying an additional 28,172 shares during the last quarter. Finally, Sterling Capital Management LLC acquired a new stake in shares of Spectrum Brands Holdings during the second quarter worth $1,299,000. Institutional investors own 45.41% of the company’s stock.
About Spectrum Brands Holdings
Spectrum Brands Holdings, Inc (SBH) is a diversified consumer products company. The Company operates through five segments: Global Batteries & Appliances, Global Pet Supplies, Home and Garden, Hardware & Home Improvement, and Global Auto Care. The Company’s Global Batteries & Appliances segment includes consumer batteries, small appliances and personal care products.
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