Spectrum Brands - SPB Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Spectrum Brands in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SPB shares.
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7 analysts have issued 1 year price objectives for Spectrum Brands' stock. Their SPB share price forecasts range from $67.00 to $109.00. On average, they expect the company's share price to reach $79.17 in the next year. This suggests a possible upside of 35.3% from the stock's current price.
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Spectrum Brands' stock was trading at $60.92 at the start of the year. Since then, SPB shares have decreased by 4.0% and is now trading at $58.50.
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The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023.
View our SPB earnings forecast.

Spectrum Brands Holdings, Inc. (NYSE:SPB) announced its quarterly earnings results on Friday, February, 10th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.14) by $0.18. The firm had revenue of $713.30 million for the quarter, compared to the consensus estimate of $758.27 million. Spectrum Brands had a trailing twelve-month return on equity of 3.53% and a net margin of 1.38%. The company's quarterly revenue was down 5.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.06) earnings per share.

Spectrum Brands announced a quarterly dividend on Wednesday, February 8th. Shareholders of record on Tuesday, February 21st will be given a dividend of $0.42 per share on Tuesday, March 14th. This represents a $1.68 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Friday, February 17th.
Read our dividend analysis for SPB.

ETFs with the largest weight of Spectrum Brands (NYSE:SPB) stock in their portfolio include VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Fidelity Blue Chip Value ETF (FBCV), WisdomTree U.S. SmallCap Dividend Fund (DES), Timothy Plan US Small Cap Core ETF (TPSC), Small Cap US Equity Select ETF (RNSC), Invesco Russell 1000 Low Beta Equal Weight ETF (USLB), VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF) and VictoryShares US Small Cap Volatility Wtd (CSA).

Spectrum Brands (NYSE:SPB) pays an annual dividend of $1.68 per share and currently has a dividend yield of 2.84%. The dividend payout ratio is 161.54%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SPB will have a dividend payout ratio of 56.19% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SPB.

Spectrum Brands updated its FY 2023 earnings guidance on Friday, February, 10th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $3.13 billion-$3.13 billion, compared to the consensus revenue estimate of $3.17 billion.

68 employees have rated Spectrum Brands Chief Executive Officer David Maura on Glassdoor.com. David Maura has an approval rating of 57% among the company's employees. This puts David Maura in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Spectrum Brands investors own include AbbVie (ABBV), Bristol-Myers Squibb (BMY), Intel (INTC), Verizon Communications (VZ), Advanced Micro Devices (AMD), General Electric (GE), Johnson & Johnson (JNJ), Pfizer (PFE), QUALCOMM (QCOM) and AT&T (T).

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

Spectrum Brands' stock is owned by many different institutional and retail investors. Top institutional shareholders include American Century Companies Inc. (6.00%), Allspring Global Investments Holdings LLC (4.99%), Cardinal Capital Management LLC CT (3.16%), Sachem Head Capital Management LP (2.56%), Eminence Capital LP (2.43%) and Pzena Investment Management LLC (2.41%).
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Shares of SPB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SPB stock can currently be purchased for approximately $58.50.

Spectrum Brands (NYSE:SPB) has a market capitalization of $2.40 billion and generates $3.13 billion in revenue each year. The company earns $72.50 million in net income (profit) each year or $1.04 on an earnings per share basis.

The company employs 11,000 workers across the globe.

Spectrum Brands' mailing address is 3001 DEMING WAY, MIDDLETON WI, 53562. The official website for the company is www.spectrumbrands.com. The company can be reached via phone at (608) 275-3340 or via email at investorrelations@spectrumbrands.com.