NYSE:SPB - Spectrum Brands Stock Price, News, & Analysis

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$64.56 +0.12 (+0.19 %)
(As of 10/23/2018 04:00 PM ET)
Previous Close$64.44
Today's Range$62.82 - $64.84
52-Week Range$58.88 - $119.94
Volume28,795 shs
Average Volume492,458 shs
Market Capitalization$3.53 billion
P/E Ratio-103.23
Dividend Yield2.54%
Beta1.64
Spectrum Brands Holdings, Inc., through its subsidiaries, operates as a branded consumer products company that manufactures, markets, and distributes branded consumer products. It supplies consumer batteries, residential locksets, residential builders' hardware, plumbing, shaving and grooming products, personal care products, small household appliances, specialty pet supplies, personal insect repellents, and auto care products, as well as lawn and garden, and home pest control products. The company offers its products under a portfolio of brands, including Rayovac, VARTA, Kwikset, Weiser, Baldwin, National Hardware, Pfister, Remington, George Foreman, Black + Decker, Tetra, Marineland, GloFish, Nature's Miracle, Dingo, 8-in-1, FURminator, IAMS and Eukanuba, Healthy-Hide, Digest-eeze, DreamBone, SmartBones, Littermaid, Spectracide, Cutter, Repel, Hot Shot, Black Flag, Liquid Fence, Armor All, STP, and A/C PRO. It sells its products through various trade channels, including retailers, wholesalers and distributors, hearing aid professionals, construction companies, and original equipment manufacturers in North America, Europe, the Middle East, Africa, Latin America, and the Asia-Pacific regions. The company was formerly known as HRG Group, Inc. and changed its name to Spectrum Brands Holdings, Inc. in July 2018. The company is based in Middleton, Wisconsin.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Miscellaneous electrical machinery, equipment, & supplies
Sub-IndustryHousehold Products
SectorConsumer Discretionary
Current SymbolNYSE:SPB
Previous Symbol
CUSIP84763R10
Phone608-275-3340

Debt

Debt-to-Equity Ratio3.07
Current Ratio3.14
Quick Ratio2.68

Price-To-Earnings

Trailing P/E Ratio-103.23
Forward P/E Ratio18.66
P/E Growth1.98

Sales & Book Value

Annual Sales$5.01 billion
Price / Sales0.69
Cash Flow$6.4111 per share
Price / Cash10.07
Book Value$60.17 per share
Price / Book1.07

Profitability

EPS (Most Recent Fiscal Year)($0.62)
Net Income$106 million
Net Margins22.32%
Return on Equity-4.00%
Return on Assets-0.43%

Miscellaneous

Employees17,113
Outstanding Shares53,410,000
Market Cap$3.53 billion
OptionableN/A

Spectrum Brands (NYSE:SPB) Frequently Asked Questions

What is Spectrum Brands' stock symbol?

Spectrum Brands trades on the New York Stock Exchange (NYSE) under the ticker symbol "SPB."

How often does Spectrum Brands pay dividends? What is the dividend yield for Spectrum Brands?

Spectrum Brands declared a special dividend on Wednesday, July 25th. Stockholders of record on Tuesday, August 14th will be given a dividend of $0.42 per share on Tuesday, September 11th. The ex-dividend date of this dividend is Monday, August 13th. View Spectrum Brands' Dividend History.

How will Spectrum Brands' stock buyback program work?

Spectrum Brands declared that its Board of Directors has authorized a share repurchase plan on Friday, April 7th 2017, which permits the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 6.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

How were Spectrum Brands' earnings last quarter?

Spectrum Brands Holdings Inc (NYSE:SPB) posted its quarterly earnings data on Thursday, July, 26th. The company reported $1.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.55 by $0.21. The firm earned $945.50 million during the quarter, compared to analysts' expectations of $900.23 million. Spectrum Brands had a net margin of 22.32% and a negative return on equity of 4.00%. The company's revenue for the quarter was down 27.5% on a year-over-year basis. During the same period last year, the company earned $1.71 earnings per share. View Spectrum Brands' Earnings History.

When is Spectrum Brands' next earnings date?

Spectrum Brands is scheduled to release their next quarterly earnings announcement on Monday, November 19th 2018. View Earnings Estimates for Spectrum Brands.

What price target have analysts set for SPB?

11 brokers have issued twelve-month price targets for Spectrum Brands' stock. Their forecasts range from $75.00 to $167.00. On average, they anticipate Spectrum Brands' stock price to reach $121.40 in the next twelve months. This suggests a possible upside of 88.0% from the stock's current price. View Analyst Price Targets for Spectrum Brands.

What is the consensus analysts' recommendation for Spectrum Brands?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spectrum Brands in the last year. There are currently 2 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Spectrum Brands.

What are Wall Street analysts saying about Spectrum Brands stock?

Here are some recent quotes from research analysts about Spectrum Brands stock:
  • 1. According to Zacks Investment Research, "Spectrum Brands lagged the industry in the last three months due to projections for higher costs. In third-quarter fiscal 2018, adjusted EBITDA margin contracted significantly due to increased operating and distribution costs as well as input cost inflation. Consequently, the company projects soft EBITDA for fiscal 2018. In addition, it expects margins to be hurt by adverse impacts from rising commodity and freight costs as well as higher operating costs. Also, Spectrum Brands’ high debt levels pose concerns. Moreover, estimates have been witnessing downward revisions lately. However, the company is benefiting from strategic initiatives, including the sale of Battery Business to Energizer and merger with HRG Group. Further, its sales and earnings beat in third-quarter fiscal 2018 and robust outlook drive optimism. For fiscal 2018, the company expects sales to improve above category rates for most categories with benefits from currency." (10/5/2018)
  • 2. Rowe analysts commented, "In a move we have encouraged since 2013, management announced strategic options for Global Batteries & Appliances (GB&A). The move will make SPB a faster organic grower and a higher-margin company. A potential deal—sometime in 2018—should provide significant financial flexibility to allow management to create meaningful shareholder value. It should also remove the AMZN battery overhang. We believe the deal could gross SPB $2.9-3.2B. SPB may be able to use HRG’s NOL to offset the tax hit, as Batteries has almost no cost basis and Appliances has a lower (but higher) one. Maintain Outperform." (1/3/2018)
  • 3. Wells Fargo & Co analysts commented, "We are buyers on weakness and believe that L.T. growth ops and strong free cash flow (FCF) make SPB a core holding in broader Staples. SPB has lagged over the past 6m (-33% vs. the S&P500), owing to concerns around inventory destocking, category risk and that HRG’s ongoing strategic review process will result in a sub- optimal outcome for SPB shareholders. We think this presents opportunity as the market underappreciates: (1) SPB’s proven topline track record (12% 6yr CAGR thru ’16), including opportunistic M&A and above-category organic sales growth (we est. ~2-3% annually going forward) and (2) Best in class FCF conversion of 120-130%e over the L.T. via disciplined working capital and low capex (capex ~2% of sales)." (10/31/2017)

Who are some of Spectrum Brands' key competitors?

Who are Spectrum Brands' key executives?

Spectrum Brands' management team includes the folowing people:
  • Mr. Joseph Saul Steinberg, Chairman & CEO (Age 73)
  • Mr. Ehsan Zargar, Exec. VP, Gen. Counsel & Sec. (Age 41)
  • Mr. Douglas L. Martin, Exec. VP & CFO (Age 56)

Who are Spectrum Brands' major shareholders?

Spectrum Brands' stock is owned by many different of retail and institutional investors. Top institutional investors include First Manhattan Co. (1.42%), Bank of Montreal Can (0.19%), Seven Eight Capital LP (0.07%), SeaBridge Investment Advisors LLC (0.03%), Aperio Group LLC (0.03%) and National Investment Services Inc. WI (0.02%). View Institutional Ownership Trends for Spectrum Brands.

Which institutional investors are buying Spectrum Brands stock?

SPB stock was purchased by a variety of institutional investors in the last quarter, including First Manhattan Co., Seven Eight Capital LP, Aperio Group LLC, Strs Ohio, Bank of Montreal Can, Xact Kapitalforvaltning AB, Xact Kapitalforvaltning AB and NJ State Employees Deferred Compensation Plan. View Insider Buying and Selling for Spectrum Brands.

How do I buy shares of Spectrum Brands?

Shares of SPB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Spectrum Brands' stock price today?

One share of SPB stock can currently be purchased for approximately $64.56.

How big of a company is Spectrum Brands?

Spectrum Brands has a market capitalization of $3.53 billion and generates $5.01 billion in revenue each year. The company earns $106 million in net income (profit) each year or ($0.62) on an earnings per share basis. Spectrum Brands employs 17,113 workers across the globe.

What is Spectrum Brands' official website?

The official website for Spectrum Brands is http://www.hrggroup.com.

How can I contact Spectrum Brands?

Spectrum Brands' mailing address is 3001 Deming Way, Middleton WI, 53562. The company can be reached via phone at 608-275-3340 or via email at [email protected]


MarketBeat Community Rating for Spectrum Brands (NYSE SPB)

Community Ranking:  3.1 out of 5 (star star star)
Outperform Votes:  411 (Vote Outperform)
Underperform Votes:  253 (Vote Underperform)
Total Votes:  664
MarketBeat's community ratings are surveys of what our community members think about Spectrum Brands and other stocks. Vote "Outperform" if you believe SPB will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SPB will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 10/23/2018 by MarketBeat.com Staff

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