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

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$49.25 +1.20 (+2.50 %)

(As of 11/21/2018 07:44 AM ET)

Previous Close$48.05

Today's Range$46.51 - $51.00

52-Week Range$45.88 - $119.94

Volume1.54 million shs

Average Volume820,440 shs

Market Capitalization$2.57 billion

P/E Ratio13.91

Dividend Yield3.50%

Beta1.66

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

Webwww.hrggroup.com

Phone608-275-3340

Debt

Debt-to-Equity Ratio3.07

Current Ratio3.14

Quick Ratio2.68

Price-To-Earnings

Trailing P/E Ratio13.91

Forward P/E Ratio11.98

P/E Growth1.46

Sales & Book Value

Annual Sales$3.15 billion

Price / Sales0.84

Cash Flow$6.7281 per share

Price / Cash7.32

Book Value$60.17 per share

Price / Book0.82

Profitability

EPS (Most Recent Fiscal Year)$3.54

Net Income$106 million

Net Margins23.26%

Return on Equity-2.44%

Return on Assets-0.44%

Miscellaneous

Employees17,113

Outstanding Shares53,410,000

Market Cap$2.57 billion

OptionableOptionable

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 announced a quarterly dividend on Wednesday, November 14th. Shareholders of record on Tuesday, November 27th will be paid a dividend of $0.42 per share on Tuesday, December 18th. This represents a $1.68 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date is Monday, November 26th. View Spectrum Brands' Dividend History.

How will Spectrum Brands' stock buyback program work?

Spectrum Brands declared that its board has approved a share repurchase plan on Friday, April 7th 2017, which authorizes the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 6.9% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

How were Spectrum Brands' earnings last quarter?

Spectrum Brands Holdings Inc (NYSE:SPB) posted its quarterly earnings results on Tuesday, November, 20th. The company reported $0.79 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.08 by $0.29. The company earned $787.80 million during the quarter, compared to analyst estimates of $803.72 million. Spectrum Brands had a net margin of 23.26% and a negative return on equity of 2.44%. Spectrum Brands's revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.35 EPS. View Spectrum Brands' Earnings History.

When is Spectrum Brands' next earnings date?

Spectrum Brands is scheduled to release their next quarterly earnings announcement on Friday, February 8th 2019. View Earnings Estimates for Spectrum Brands.

What price target have analysts set for SPB?

13 brokerages have issued 12 month target prices for Spectrum Brands' stock. Their predictions range from $50.00 to $167.00. On average, they expect Spectrum Brands' stock price to reach $108.8889 in the next year. This suggests a possible upside of 121.1% from the stock's current price. View Analyst Price Targets for Spectrum Brands.

What is the consensus analysts' recommendation for Spectrum Brands?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spectrum Brands in the last year. There are currently 7 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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. Wells Fargo & Co analysts commented, "We lower our FY19/FY20 EBITDA ests. by $51MM/$72MM to $563MM/$568MM & our price target by $20 to $50 (implying a ~7-8x pro-forma multiple) to reflect what we believe is a much more challenged fundamental backdrop than even our prior conservative ests. contemplated. In short, we weren’t surprised shares were meaningfully off today (-19% vs. the S&P500 -2%) and don’t see today’s weakness as a buying opportunity. We remain cautious given our ongoing concerns about SPB’s execution & biz cyclicality." (11/15/2018)
2. 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)
3. 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)

Has Spectrum Brands been receiving favorable news coverage?

Headlines about SPB stock have been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Spectrum Brands earned a daily sentiment score of -1.9 on InfoTrie's scale. They also gave media stories about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the immediate future.

Who are some of Spectrum Brands' key competitors?

Some companies that are related to Spectrum Brands include CAE (CAE), Energizer (ENR), Integer (ITGR), Novanta (NOVT), Electro Scientific Industries (ESIO), Atkore International Group (ATKR), Ultralife (ULBI), Maxwell Technologies (MXWL), FuelCell Energy (FCEL), Arotech (ARTX), Flux Power (FLUX), Polar Power (POLA), Highpower International (HPJ), CBAK Energy Technology (CBAK) and Neah Power Systems (NPWZ).

Who are Spectrum Brands' key executives?

Spectrum Brands' management team includes the folowing people:

Mr. David M. Maura, Exec. Chairman & CEO (Age 46)
Mr. Ehsan Zargar, Exec. VP, Gen. Counsel & Sec. (Age 41)
Mr. Douglas L. Martin, Exec. VP & CFO (Age 56)
Mr. Randal D. Lewis, Sr. VP & COO (Age 52)

Who are Spectrum Brands' major shareholders?

Spectrum Brands' stock is owned by a variety of of retail and institutional investors. Top institutional investors include FMR LLC (15.00%), Wells Fargo & Company MN (4.84%), BlackRock Inc. (3.32%), Wedge Capital Management L L P NC (2.71%), Sterling Capital Management LLC (1.84%) and Dimensional Fund Advisors LP (1.76%). View Institutional Ownership Trends for Spectrum Brands.

Which institutional investors are selling Spectrum Brands stock?

SPB stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., JPMorgan Chase & Co., Morgan Stanley, Schroder Investment Management Group, Bank of New York Mellon Corp, Sterling Capital Management LLC, Highbridge Capital Management LLC and Confluence Investment Management LLC. View Insider Buying and Selling for Spectrum Brands.

Which institutional investors are buying Spectrum Brands stock?

SPB stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, BlackRock Inc., First Manhattan Co., Brown Advisory Inc., Dimensional Fund Advisors LP, Wells Fargo & Company MN, Rovida Advisors Inc. and Macquarie Group Ltd.. 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 $49.25.

How big of a company is Spectrum Brands?

Spectrum Brands has a market capitalization of $2.57 billion and generates $3.15 billion in revenue each year. The company earns $106 million in net income (profit) each year or $3.54 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 ( )
Outperform Votes:		417 (Vote Outperform)
Underperform Votes:		265 (Vote Underperform)
Total Votes:		682

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 11/21/2018 by MarketBeat.com Staff