Spectrum Brands - SPB Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spectrum Brands in the last year. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SPB shares.
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8 brokers have issued 1-year price objectives for Spectrum Brands' shares. Their SPB share price forecasts range from $95.00 to $125.00. On average, they predict the company's share price to reach $108.00 in the next twelve months. This suggests a possible upside of 54.5% from the stock's current price.
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Spectrum Brands' stock was trading at $101.72 at the beginning of the year. Since then, SPB stock has decreased by 31.3% and is now trading at $69.90.
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Spectrum Brands saw a increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,720,000 shares, an increase of 14.7% from the July 15th total of 1,500,000 shares. Based on an average daily volume of 333,900 shares, the short-interest ratio is presently 5.2 days. Currently, 4.3% of the company's stock are short sold.
View Spectrum Brands' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, November 11th 2022.
View our SPB earnings forecast.

Spectrum Brands Holdings, Inc. (NYSE:SPB) issued its quarterly earnings data on Friday, November, 12th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.80 by $0.42. The business earned $1.16 billion during the quarter, compared to analyst estimates of $1.10 billion. Spectrum Brands had a trailing twelve-month return on equity of 6.75% and a net margin of 3.01%. The firm's revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.72 earnings per share.

Spectrum Brands declared a quarterly dividend on Tuesday, August 9th. Investors of record on Tuesday, August 30th will be paid a dividend of $0.42 per share on Wednesday, September 28th. This represents a $1.68 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend is Monday, August 29th.
Read our dividend analysis for SPB.

Spectrum Brands (NYSE:SPB) pays an annual dividend of $1.68 per share and currently has a dividend yield of 2.38%. The dividend payout ratio is 68.02%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SPB will have a dividend payout ratio of 39.16% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SPB.

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 a number of retail and institutional investors. Top institutional shareholders include FMR LLC (13.89%), Allspring Global Investments Holdings LLC (6.08%), Pzena Investment Management LLC (2.60%), Victory Capital Management Inc. (2.42%), William Blair Investment Management LLC (1.33%) and Royce & Associates LP (1.06%). Insiders that own company stock include David M Maura and Jeremy W Smeltser.
View institutional ownership trends.

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 $69.90.

Spectrum Brands (NYSE:SPB) has a market capitalization of $2.85 billion and generates $3.00 billion in revenue each year. The company earns $189.60 million in net income (profit) each year or $2.47 on an earnings per share basis.

The company employs 12,100 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.