Spectrum Brands (NYSE:SPB) Posts Earnings Results, Beats Estimates By $0.43 EPS
Spectrum Brands (NYSE:SPB) announced its quarterly earnings results on Friday. The company reported $1.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.43, MarketWatch Earnings reports. Spectrum Brands had a negative net margin of 6.31% and a positive return on equity of 10.92%. The company had revenue of $984.30 million for the quarter, compared to analyst estimates of $946.17 million. During the same period in the prior year, the firm posted $1.35 earnings per share. The firm’s revenue was down 3.7% on a year-over-year basis.
Shares of SPB stock opened at $54.16 on Friday. The company has a quick ratio of 1.53, a current ratio of 2.39 and a debt-to-equity ratio of 2.45. Spectrum Brands has a fifty-two week low of $19.59 and a fifty-two week high of $64.72. The firm’s 50 day moving average price is $46.74 and its two-hundred day moving average price is $47.65. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of -10.72, a price-to-earnings-growth ratio of 1.53 and a beta of 1.91.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, August 25th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend is Monday, August 24th. Spectrum Brands’s dividend payout ratio (DPR) is presently 58.74%.
About Spectrum Brands
Spectrum Brands Holdings, Inc operates as a branded consumer products company worldwide. The company's Hardware & Home Improvement segment offers hardware products under the National Hardware, Stanley, and FANAL brands; locksets and door hardware under the Kwikset, Weiser, Baldwin, EZSET, and Tell brands; and plumbing products under the Pfister brand.
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