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

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$58.57 -6.06 (-9.38 %)

(As of 11/15/2018 04:00 PM ET)

Previous Close$64.63

Today's Range$57.34 - $68.21

52-Week Range$57.34 - $119.94

Volume2.40 million shs

Average Volume450,992 shs

Market Capitalization$3.44 billion

P/E Ratio-94.47

Dividend Yield2.62%

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 Ratio-94.47

Forward P/E Ratio17.08

P/E Growth1.96

Sales & Book Value

Annual Sales$5.01 billion

Price / Sales0.62

Cash Flow$5.9704 per share

Price / Cash9.81

Book Value$60.17 per share

Price / Book0.97

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$3.44 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. Stockholders of record on Tuesday, November 27th will be given a dividend of $0.42 per share on Tuesday, December 18th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Monday, November 26th. View Spectrum Brands' Dividend History.

How will Spectrum Brands' stock buyback program work?

Spectrum Brands announced that its Board of Directors has initiated a stock repurchase program on Friday, April 7th 2017, which authorizes the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 6.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

How were Spectrum Brands' earnings last quarter?

Spectrum Brands Holdings Inc (NYSE:SPB) announced its quarterly earnings data on Thursday, July, 26th. The company reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.55 by $0.21. The firm earned $945.50 million during the quarter, compared to analyst estimates of $900.23 million. Spectrum Brands had a negative return on equity of 4.00% and a net margin of 22.32%. Spectrum Brands's revenue for the quarter was down 27.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.71 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 Monday, November 19th 2018. View Earnings Estimates for Spectrum Brands.

How can I listen to Spectrum Brands' earnings call?

Spectrum Brands will be holding an earnings conference call on Monday, November 19th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8775565260.

What price target have analysts set for SPB?

11 analysts have issued twelve-month price targets for Spectrum Brands' shares. Their forecasts range from $70.00 to $167.00. On average, they expect Spectrum Brands' share price to reach $120.90 in the next year. This suggests a possible upside of 106.4% 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)

Has Spectrum Brands been receiving favorable news coverage?

News stories about SPB stock have trended very negative recently, according to InfoTrie. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Spectrum Brands earned a media sentiment score of -3.3 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the next few days.

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), Maxwell Technologies (MXWL), Ultralife (ULBI), FuelCell Energy (FCEL), Arotech (ARTX), Polar Power (POLA), Flux Power (FLUX), Sono-Tek (SOTK), Highpower International (HPJ) and Security Devices International (SDEV).

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 shareholders 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 major 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., Schroder Investment Management Group, Bank of New York Mellon Corp, Sterling Capital Management LLC, Highbridge Capital Management LLC, Confluence Investment Management LLC and Oppenheimer & Co. Inc.. View Insider Buying and Selling for Spectrum Brands.

Which major 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 $58.57.

How big of a company is Spectrum Brands?

Spectrum Brands has a market capitalization of $3.44 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 ( )
Outperform Votes:		414 (Vote Outperform)
Underperform Votes:		257 (Vote Underperform)
Total Votes:		671

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 11/15/2018 by MarketBeat.com Staff

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