Earnings and Growth Analysis : Spectrum Brands (NYSE:SPB)

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Earnings results for Spectrum Brands (NYSE:SPB)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has remained the same over the past week at 0.96 and decreased over the past month from 0.99 to 0.96(3.03%). Of the 2 analysts making quarterly forecasts, 1raised and 1 lowered their forecast. For the fiscal year ending Sep 2020 , the consensus EPS* forecast has remained the same over the past week at 2.9 and increased over the past month from 2.89 to 2.9(0.35%). Of the 2 analysts making yearly forecasts, 1raised and 1 lowered their forecast.

Spectrum Brands last issued its quarterly earnings results on April 30th, 2020. The reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.58. The business earned $937.80 million during the quarter, compared to analyst estimates of $868.48 million. Its revenue was up 3.4% on a year-over-year basis. Spectrum Brands has generated $2.86 earnings per share over the last year. Spectrum Brands has confirmed that its next quarterly earnings report will be published on Friday, July 31st, 2020. Spectrum Brands will be holding an earnings conference call on Friday, July 31st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Analyst Opinion on Spectrum Brands (NYSE:SPB)

6 Wall Street analysts have issued ratings and price targets for Spectrum Brands in the last 12 months. Their average twelve-month price target is $43.83, suggesting that the stock has a possible downside of 16.00%. The high price target for SPB is $68.00 and the low price target for SPB is $10.00. There are currently 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Spectrum Brands has received a consensus rating of Hold. The company’s average rating score is 2.33, and is based on 2 buy ratings, 4 hold ratings, and no sell ratings. According to analysts’ consensus price target of $43.83, Spectrum Brands has a potential downside of 16.0% from its current price of $52.18. Spectrum Brands has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: Spectrum Brands (NYSE:SPB)

Spectrum Brands pays a meaningful dividend of 3.37%, higher than the bottom 25% of all stocks that pay dividends. Spectrum Brands does not have a long track record of dividend growth. The dividend payout ratio of Spectrum Brands is 58.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Spectrum Brands will have a dividend payout ratio of 54.72% next year. This indicates that Spectrum Brands will be able to sustain or increase its dividend.

Insiders buying/selling: Spectrum Brands (NYSE:SPB)

In the past three months, Spectrum Brands insiders have not sold or bought any company stock. Only 2.20% of the stock of Spectrum Brands is held by insiders. 98.53% of the stock of Spectrum Brands is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Spectrum Brands (NYSE:SPB

Earnings for Spectrum Brands are expected to grow by 5.86% in the coming year, from $2.90 to $3.07 per share. The P/E ratio of Spectrum Brands is -10.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Spectrum Brands is -10.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Spectrum Brands has a PEG Ratio of 1.43. PEG Ratios above 1 indicate that a company could be overvalued. Spectrum Brands has a P/B Ratio of 1.49. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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