Factors Likely to Have Influenced Earnings Results Spectrum Brands (NYSE:SPB)

Earnings results for Spectrum Brands (NYSE:SPB)

Spectrum Brands Holdings, Inc. is expected* to report earnings on 11/13/2020 before market open. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.19. The reported EPS for the same quarter last year was $1.13.

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 $52.83, predicting that the stock has a possible downside of 16.82%. The high price target for SPB is $80.00 and the low price target for SPB is $10.00. There are currently 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Spectrum Brands has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings. According to analysts’ consensus price target of $52.83, Spectrum Brands has a forecasted downside of 16.8% from its current price of $63.52. Spectrum Brands has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Spectrum Brands (NYSE:SPB)

Spectrum Brands pays a meaningful dividend of 2.64%, higher than the bottom 25% of all stocks that pay dividends. Spectrum Brands has only been increasing its dividend for 1 years. 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 39.16% 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. 94.25% 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 18.84% in the coming year, from $3.61 to $4.29 per share. The P/E ratio of Spectrum Brands is -54.76, 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 -54.76, 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 0.77. PEG Ratios below 1 indicate that a company could be undervalued. Spectrum Brands has a P/B Ratio of 1.82. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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