South Pacific Resources - SPB Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for South Pacific Resources in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SPB shares.
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8 analysts have issued 1-year price objectives for South Pacific Resources' stock. Their SPB share price forecasts range from $67.00 to $109.00. On average, they predict the company's stock price to reach $78.33 in the next year. This suggests a possible upside of 30.4% from the stock's current price.
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South Pacific Resources' stock was trading at $101.72 at the start of the year. Since then, SPB shares have decreased by 40.9% and is now trading at $60.09.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
View our SPB earnings forecast.

South Pacific Resources Ltd (NYSE:SPB) released 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. South Pacific Resources had a net margin of 2.29% and a trailing twelve-month return on equity of 4.25%. The firm's revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.72 earnings per share.

South Pacific Resources announced a quarterly dividend on Tuesday, November 15th. Shareholders of record on Monday, November 28th will be paid a dividend of $0.42 per share on Tuesday, December 13th. This represents a $1.68 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Friday, November 25th.
Read our dividend analysis for SPB.

South Pacific Resources (NYSE:SPB) pays an annual dividend of $1.68 per share and currently has a dividend yield of 2.70%. The dividend payout ratio is 96.00%. 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.

68 employees have rated South Pacific Resources 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 South Pacific Resources 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).

South Pacific Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "SPB."

South Pacific Resources' stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.07%), Allspring Global Investments Holdings LLC (5.58%), Eminence Capital LP (4.66%), BlackRock Inc. (4.13%), Cardinal Capital Management LLC CT (3.32%) and Pzena Investment Management LLC (2.60%). Insiders that own company stock include David M Maura and Jeremy W Smeltser.
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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 $60.09.

South Pacific Resources (NYSE:SPB) has a market capitalization of $2.45 billion and generates $3.13 billion in revenue each year. The company earns $72.50 million in net income (profit) each year or $1.75 on an earnings per share basis.

The company employs 11,000 workers across the globe.

South Pacific Resources' 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.