Spectrum Brands (SPB) Given Daily Media Sentiment Rating of 0.14
Media stories about Spectrum Brands (NYSE:SPB) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Spectrum Brands earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.223469721758 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Spectrum Brands (SPB) Given a $125.00 Price Target at BMO Capital Markets (americanbankingnews.com)
- Spectrum Brands Holdings Inc (NYSE:SPB): Dividend Is Coming In 3 Days, Should You Buy? (finance.yahoo.com)
- Spectrum Brands Holdings, Inc. to Issue Quarterly Dividend of $0.42 (SPB) (americanbankingnews.com)
- Spectrum Brands (SPB) Downgraded to “Strong Sell” at Zacks Investment Research (americanbankingnews.com)
- Spectrum Brands’ (SPB) “Buy” Rating Reaffirmed at Wells Fargo & Co (americanbankingnews.com)
A number of research firms have recently issued reports on SPB. BMO Capital Markets set a $125.00 price objective on shares of Spectrum Brands and gave the stock a “buy” rating in a research report on Tuesday. Zacks Investment Research cut shares of Spectrum Brands from a “hold” rating to a “strong sell” rating in a research report on Saturday. Wells Fargo & Co reissued a “buy” rating and set a $132.00 price objective on shares of Spectrum Brands in a research report on Thursday, February 8th. KeyCorp set a $140.00 price objective on shares of Spectrum Brands and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Finally, UBS Group increased their price objective on shares of Spectrum Brands from $124.00 to $140.00 in a research report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company. Spectrum Brands presently has a consensus rating of “Buy” and a consensus price target of $141.80.
Spectrum Brands (NYSE:SPB) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.12. The company had revenue of $646.50 million for the quarter, compared to analysts’ expectations of $1.26 billion. Spectrum Brands had a net margin of 8.80% and a return on equity of 14.51%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.21 EPS. research analysts forecast that Spectrum Brands will post 4.2 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Tuesday, February 20th will be given a $0.42 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.68 annualized dividend and a yield of 1.64%. Spectrum Brands’s payout ratio is 28.05%.
Spectrum Brands Company Profile
Spectrum Brands Holdings, Inc (SB Holdings) is a diversified global consumer products company. The Company manufactures, markets and/or distributes its products in approximately 160 countries in the North America (NA); Europe, the Middle East and Africa (EMEA); Latin America (LATAM), and Asia-Pacific (APAC) regions.
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