Spectrum Brands Holdings Inc. (NYSE:SPB) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Spectrum Brands Holdings Inc. has received a consensus recommendation of "Moderate Buy" from five research firms, with four analysts rating it a buy and one a hold.
• The company reported a quarterly EPS of $1.24, slightly missing the consensus estimate, along with a revenue of $699.60 million that also fell short of expectations.
• Spectrum Brands announced a quarterly dividend of $0.47 per share, representing an annualized dividend yield of 3.5%, with a dividend payout ratio currently at 70.15%.

Shares of Spectrum Brands Holdings Inc. (NYSE:SPB - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the five research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $74.80.

Several equities research analysts have commented on the stock. Canaccord Genuity Group decreased their price objective on shares of Spectrum Brands from $77.00 to $75.00 and set a "buy" rating for the company in a research note on Friday, August 8th. Royal Bank Of Canada set a $75.00 price objective on shares of Spectrum Brands and gave the company an "outperform" rating in a research note on Monday, August 11th. Wells Fargo & Company decreased their price objective on shares of Spectrum Brands from $65.00 to $60.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 9th. Finally, Wall Street Zen upgraded shares of Spectrum Brands from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th.

Spectrum Brands Trading Down 2.7%

NYSE:SPB opened at $53.43 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.50 and a current ratio of 2.42. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 19.94 and a beta of 0.83. Spectrum Brands has a 52 week low of $50.73 and a 52 week high of $96.62. The firm has a 50-day moving average price of $56.09 and a two-hundred day moving average price of $60.31.

Spectrum Brands (NYSE:SPB - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.24 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.01). The firm had revenue of $699.60 million during the quarter, compared to analysts' expectations of $742.13 million. Spectrum Brands had a net margin of 2.56% and a return on equity of 5.27%. The company's quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter last year, the business posted $1.13 EPS. On average, equities analysts expect that Spectrum Brands will post 5.06 earnings per share for the current fiscal year.

Spectrum Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Tuesday, August 26th will be paid a dividend of $0.47 per share. The ex-dividend date is Tuesday, August 26th. This represents a $1.88 annualized dividend and a dividend yield of 3.5%. Spectrum Brands's dividend payout ratio (DPR) is presently 70.15%.

Institutional Investors Weigh In On Spectrum Brands

Several large investors have recently modified their holdings of the stock. Orion Porfolio Solutions LLC increased its stake in shares of Spectrum Brands by 16.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 16,533 shares of the company's stock worth $876,000 after purchasing an additional 2,299 shares during the last quarter. Nomura Holdings Inc. increased its stake in shares of Spectrum Brands by 330.8% during the 2nd quarter. Nomura Holdings Inc. now owns 24,939 shares of the company's stock worth $1,322,000 after purchasing an additional 35,746 shares during the last quarter. FORA Capital LLC purchased a new stake in shares of Spectrum Brands during the 2nd quarter worth approximately $754,000. Headlands Technologies LLC purchased a new stake in shares of Spectrum Brands during the 2nd quarter worth approximately $41,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Spectrum Brands by 1,405.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,408 shares of the company's stock worth $128,000 after purchasing an additional 2,248 shares during the last quarter.

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.

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