Spectrum Brands (SPB) Set to Announce Earnings on Thursday

Spectrum Brands (NYSE:SPB) will release its earnings data before the market opens on Thursday, August 8th. Analysts expect Spectrum Brands to post earnings of $1.35 per share for the quarter. Spectrum Brands has set its FY 2024 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Spectrum Brands (NYSE:SPB) last posted its quarterly earnings results on Thursday, May 9th. The company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $1.13. The firm had revenue of $718.50 million during the quarter, compared to analysts’ expectations of $708.54 million. Spectrum Brands had a net margin of 68.11% and a return on equity of 6.43%. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.14) earnings per share. On average, analysts expect Spectrum Brands to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Spectrum Brands Trading Up 2.0 %

NYSE SPB opened at $82.68 on Wednesday. The stock has a market capitalization of $2.32 billion, a P/E ratio of 1.67, a P/E/G ratio of 0.36 and a beta of 1.19. Spectrum Brands has a 52-week low of $65.27 and a 52-week high of $96.74. The firm has a 50-day moving average price of $86.39 and a 200 day moving average price of $84.93. The company has a quick ratio of 3.05, a current ratio of 3.73 and a debt-to-equity ratio of 0.61.

Analyst Upgrades and Downgrades

SPB has been the topic of a number of research reports. Wells Fargo & Company lowered their price target on Spectrum Brands from $95.00 to $87.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Spectrum Brands from $85.00 to $91.00 and gave the company a “hold” rating in a research note on Friday, May 10th. Oppenheimer lifted their target price on shares of Spectrum Brands from $88.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $114.00 price target on shares of Spectrum Brands in a research report on Friday, June 7th. Finally, Monness Crespi & Hardt lifted their price objective on Spectrum Brands from $98.00 to $106.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $98.43.

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.