News coverage about Spectrum Brands (NYSE:SPB) has trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Spectrum Brands earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave news stories about the company an impact score of 45.0259596191505 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Spectrum Brands Pet LLC Introduces GloFish® Sharks to GloFish® Family of Fluorescent Fish (finance.yahoo.com)
- Spectrum Brands Holdings, Inc. to Post Q3 2018 Earnings of $2.17 Per Share, Jefferies Group Forecasts (SPB) (americanbankingnews.com)
- Spectrum Brands Holdings to Report Fiscal 2018 First Quarter Financial Results and Hold Conference Call and Webcast on February 8 (finance.yahoo.com)
- Spectrum Brands (SPB) Earns Buy Rating from Jefferies Group (americanbankingnews.com)
- Kwikset Reinforces Legacy and Leadership at CES 2018 (finance.yahoo.com)
Spectrum Brands (NYSE SPB) traded down $0.14 on Monday, reaching $120.48. 408,600 shares of the company traded hands, compared to its average volume of 661,156. The company has a market cap of $6,942.79, a PE ratio of 23.90, a P/E/G ratio of 1.80 and a beta of 0.76. Spectrum Brands has a 1-year low of $98.11 and a 1-year high of $146.09. The company has a quick ratio of 0.75, a current ratio of 1.44 and a debt-to-equity ratio of 2.06.
Spectrum Brands (NYSE:SPB) last posted its quarterly earnings data on Thursday, November 16th. The company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.12). The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.30 billion. Spectrum Brands had a net margin of 5.91% and a return on equity of 17.48%. The company’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.31 earnings per share. equities research analysts predict that Spectrum Brands will post 6.14 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 19th. Investors of record on Tuesday, November 28th were given a $0.42 dividend. The ex-dividend date was Monday, November 27th. This represents a $1.68 annualized dividend and a yield of 1.39%. Spectrum Brands’s dividend payout ratio is currently 33.33%.
SPB has been the subject of several research analyst reports. Canaccord Genuity reissued a “buy” rating on shares of Spectrum Brands in a report on Thursday, September 28th. Jefferies Group reissued a “buy” rating and issued a $143.00 price target on shares of Spectrum Brands in a report on Thursday, October 12th. Zacks Investment Research raised shares of Spectrum Brands from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 17th. KeyCorp set a $130.00 price target on shares of Spectrum Brands and gave the company a “buy” rating in a report on Monday, October 16th. Finally, Wells Fargo & Co reissued an “outperform” rating and issued a $125.00 price target (down previously from $147.00) on shares of Spectrum Brands in a report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. Spectrum Brands has an average rating of “Buy” and an average price target of $141.67.
About Spectrum Brands
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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