Exploring Analyst Estimates for Spectrum (SPB) Q3 Earnings, Beyond Revenue and EPS
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Spectrum (SPB), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.
Spectrum Brands' (SPB) Q3 Earnings Coming Up: Things to Note
Spectrum Brands' (SPB) third-quarter fiscal 2024 bottom-line results are likely to reflect gains from increased pricing, cost improvements and a favorable mix.
Spectrum Brands' (SPB) Pricing & Cost-Saving Actions on Track
Spectrum Brands (SPB) progresses smoothly on its Global Productivity Improvement Plan, including cost-saving efforts.
Spectrum Brands Holdings: Still Attractive If You Can Handle It
Spectrum Brands Holdings has undergone significant changes, including paying down debt and issuing new debt, to improve its bottom line. Recent developments include buying back senior notes and issuing exchangeable senior notes to reduce annual interest expenses and improve financial position. Despite recent financial performance declines, the company's EBITDA has shown growth, and management forecasts further growth in the low double digits for the current year.
Spectrum Brands' (SPB) Strategic Efforts Aid: Apt to Hold?
Spectrum Brands (SPB) progresses smoothly on GPIP, including cost-saving efforts.
Spectrum Brands' (SPB) Focus on Growth Endeavors Aids Momentum
Spectrum Brands (SPB) stays on the growth track, thanks to its long-term investments through the four core pillars and GPIP amid soft demand trends in the HPC business.
Spectrum Brands (SPB) Unveils Offering & Share Repurchase Plan
Spectrum Brands (SPB) progresses smoothly on its Global Productivity Improvement Plan, including cost-saving efforts.
Spectrum Brands Holdings, Inc. (NYSE:SPB) Shares Sold by National Bank of Canada FI
National Bank of Canada FI lessened its stake in Spectrum Brands Holdings, Inc. (NYSE:SPB – Free Report) by 20.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 586 shares of the company’s stock after selling 149 shares during the quarter. National Bank of Canada FI’s holdings in Spectrum Brands were worth $47,000 as of its most recent SEC filing. Other institutional investors and hedge funds have also modified their holdings of the company. Larson Financial Group LLC lifted its holdings in shares of Spectrum Brands by 72.6% in the 4th quarter. Larson Financial Group LLC now owns 359 shares of the company’s stock valued at $29,000 after buying an additional 151 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Spectrum Brands by 1,713.6% in the 4th quarter. International Assets Investment Management LLC now owns 399 shares of the company’s stock valued at $32,000 after buying an additional 377 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Spectrum Brands by 53.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the company’s stock valued at $36,000 after buying an additional 160 shares during the period. Fifth Third Bancorp acquired a new position in Spectrum Brands in the 4th quarter worth about $71,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in Spectrum Brands during the fourth quarter worth approximately $79,000. Wall Street Analyst Weigh In SPB has been the subject of a number of recent analyst reports. Canaccord Genuity Group boosted their price objective on Spectrum Brands from $86.00 to $92.00 and gave the company a “hold” rating in a research report on Friday, May 10th. Royal Bank of Canada increased their price objective on shares of Spectrum Brands from $100.00 to $114.00 and gave the company an “outperform” rating in a report on Friday, May 10th. Oppenheimer boosted their target price on shares of Spectrum Brands from $88.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, May 10th. Wells Fargo & Company upped their price target on shares of Spectrum Brands from $85.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Friday, May 10th. Finally, Canaccord Genuity Group lowered Spectrum Brands from a “buy” rating to a “hold” rating and lifted their price target for the stock from $83.00 to $86.00 in a research note on Friday, February 9th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $99.86. Read Our Latest Stock Analysis on SPB Spectrum Brands Stock Performance Spectrum Brands stock opened at $92.06 on Monday. The firm has a 50 day simple moving average of $85.08 and a 200-day simple moving average of $80.39. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 1.86, a price-to-earnings-growth ratio of 0.40 and a beta of 1.20. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.73 and a quick ratio of 3.05. Spectrum Brands Holdings, Inc. has a 1-year low of $65.27 and a 1-year high of $96.74. Spectrum Brands (NYSE:SPB – Get Free Report) last issued its quarterly earnings data on Thursday, May 9th. The company reported $1.62 earnings per share for the quarter, topping the consensus estimate of $0.49 by $1.13. Spectrum Brands had a return on equity of 6.43% and a net margin of 68.11%. The company had revenue of $718.50 million during the quarter, compared to analyst estimates of $708.54 million. During the same period in the prior year, the business posted ($0.14) earnings per share. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, analysts expect that Spectrum Brands Holdings, Inc. will post 4.68 EPS for the current year. Spectrum Brands Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, May 28th will be issued a $0.42 dividend. The ex-dividend date is Friday, May 24th. This represents a $1.68 annualized dividend and a yield of 1.82%. Spectrum Brands’s dividend payout ratio (DPR) is currently 3.40%. Spectrum Brands Profile (Free Report) Spectrum Brands Holdings, Inc operates as a branded consumer products and home essentials company in North America, Europe, the Middle East, Africa, and Asia-Pacific regions. It operates through three segments: Home and Personal Care; Global Pet Care; and Home and Garden. The Home and Personal Care segment provides home appliances under the Black & Decker, Russell Hobbs, George Foreman, PowerXL, Emeril Legasse, Copper Chef, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington brand. See Also Five stocks we like better than Spectrum Brands What is Put Option Volume? MarketBeat Week in Review – 5/13 – 5/17 3 Small Caps With Big Return Potential Take-Two Interactive Software Offers 2nd Chance for Investors What is a Death Cross in Stocks? Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook Want to see what other hedge funds are holding SPB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Spectrum Brands Holdings, Inc. (NYSE:SPB – Free Report).
Q2 2024 EPS Estimates for Superior Plus Corp. Decreased by Analyst (TSE:SPB)
Superior Plus Corp. (TSE:SPB – Free Report) – Research analysts at Atb Cap Markets reduced their Q2 2024 EPS estimates for shares of Superior Plus in a research note issued to investors on Wednesday, May 15th. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings per share of ($0.18) for the quarter, down from their prior estimate of ($0.16). The consensus estimate for Superior Plus’ current full-year earnings is $0.39 per share. Atb Cap Markets also issued estimates for Superior Plus’ Q3 2024 earnings at ($0.33) EPS and FY2025 earnings at $0.29 EPS. Superior Plus (TSE:SPB – Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The company reported C$0.27 EPS for the quarter, missing analysts’ consensus estimates of C$0.31 by C($0.04). The firm had revenue of C$985.80 million for the quarter, compared to analysts’ expectations of C$1.21 billion. Superior Plus had a net margin of 1.54% and a return on equity of 4.77%. Other equities research analysts also recently issued research reports about the stock. CIBC cut their target price on shares of Superior Plus from C$16.00 to C$14.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd. TD Securities lowered their target price on Superior Plus from C$13.50 to C$13.00 and set a “buy” rating on the stock in a report on Friday, February 23rd. Finally, Scotiabank cut their price target on Superior Plus from C$12.75 to C$12.00 and set a “sector perform” rating for the company in a research note on Friday, February 23rd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$12.69. Get Our Latest Stock Analysis on SPB Superior Plus Stock Down 0.3 % Superior Plus stock opened at C$9.39 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.46 and a debt-to-equity ratio of 140.14. Superior Plus has a 12 month low of C$9.05 and a 12 month high of C$10.90. The firm has a market cap of C$2.33 billion, a price-to-earnings ratio of 40.83 and a beta of 0.80. The stock has a fifty day simple moving average of C$9.65 and a two-hundred day simple moving average of C$9.63. Insider Buying and Selling at Superior Plus In other news, Director Allan Angus Macdonald acquired 53,022 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were purchased at an average cost of C$9.45 per share, for a total transaction of C$500,983.67. Insiders own 0.49% of the company’s stock. Superior Plus Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 7.67%. The ex-dividend date of this dividend is Friday, June 28th. Superior Plus’s payout ratio is 313.04%. About Superior Plus (Get Free Report) Superior Plus Corp. distributes and markets propane, compressed natural gas and renewable energy in both the United States and Canada. The company operates through The United States Retail Propane Distribution (U.S. Propane), Canadian Retail Propane Distribution (Canadian Propane), and North American Wholesale Propane Distribution (Wholesale Propane), and Certarus segments.
Despite Fast-paced Momentum, Spectrum (SPB) Is Still a Bargain Stock
Spectrum (SPB) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
