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 year. 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.
View SPB analyst ratings or view top-rated stocks.

7 brokers have issued 1-year price objectives for Spectrum Brands' shares. 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 20.6% from the stock's current price.
View analysts price targets for SPB or view top-rated stocks among Wall Street analysts.

Spectrum Brands' stock was trading at $60.92 on January 1st, 2023. Since then, SPB stock has increased by 6.6% and is now trading at $64.95.
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Spectrum Brands saw a increase in short interest during the month of December. As of December 15th, there was short interest totaling 2,270,000 shares, an increase of 68.1% from the November 30th total of 1,350,000 shares. Based on an average daily volume of 637,100 shares, the days-to-cover ratio is currently 3.6 days. Currently, 5.7% of the company's shares are sold short.
View Spectrum Brands' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, February 10th 2023.
View our SPB earnings forecast.

Spectrum Brands will be holding an earnings conference call on Friday, February 10th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Spectrum Brands Holdings, Inc. (NYSE:SPB) released its earnings results on Friday, November, 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.04 by $0.56. The firm had revenue of $749.50 million for the quarter, compared to the consensus estimate of $784.19 million. Spectrum Brands had a net margin of 2.29% and a trailing twelve-month return on equity of 4.25%.

Spectrum Brands declared a quarterly dividend on Tuesday, November 15th. Stockholders of record on Monday, November 28th will be given a dividend of $0.42 per share on Tuesday, December 13th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Friday, November 25th.
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 2.63%. 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 56.38% 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 variety of retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (4.99%), National Bank of Canada FI (0.35%), Strs Ohio (0.28%), Nordwand Advisors LLC (0.27%), Natixis Advisors L.P. (0.20%) and Tokio Marine Asset Management Co. Ltd. (0.06%). 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 $64.95.

Spectrum Brands (NYSE:SPB) has a market capitalization of $2.65 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.

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.