South Pacific Resources - SPB Stock Forecast, Price & News

8 Wall Street 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 research analysts is that investors should "buy" SPB shares.
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8 brokers have issued 12 month price targets 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 32.0% from the stock's current price.
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South Pacific Resources' stock was trading at $101.72 at the beginning of the year. Since then, SPB shares have decreased by 41.7% and is now trading at $59.33.
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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) issued its quarterly earnings data on Friday, November, 12th. The company reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.80 by $0.42. The company had revenue of $1.16 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.72 EPS.

South Pacific Resources announced a quarterly dividend on Tuesday, November 15th. Stockholders 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 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date 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 2.76%. 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 variety of institutional and retail 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 $59.33.

South Pacific Resources (NYSE:SPB) has a market capitalization of $2.42 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.