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Saturday, June 3, 2023

The Street Is Finally Waking Up To Spectrum Brands Holdings Inc. (NYSE: SPB)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Spectrum Brands Holdings Inc. (SPB) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.47, or -0.71%, to $65.41. The Spectrum Brands Holdings Inc. has recorded 3,935 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Spectrum Brands Holdings to Report Fiscal 2023 Second Quarter Financial Results and Hold Conference Call and Webcast on May 12, 2023.

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Stocks Info

Spectrum Brands Holdings Inc. is listed on the NYSE as a member of the Consumer Defensive sector and is a part of the Household & Personal Products industry. At the end of the last regular session, the stock closed at $65.88 and fluctuated between $66.89 as its day high and $64.82 as its day low. The current market capitalization of Spectrum Brands Holdings Inc. is $2.67B. A total of 1.01 million shares were traded on the day, compared to an average of 629.76K shares.

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, SPB has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 14 BUYs and 8 SELLs from insiders. Insiders purchased 228,823 shares during that period but sold 76,891.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. SPB’s most recent ex-dividend date was 2/17/2023 when it declared a $0.42 quarterly dividend that was paid in cash on 3/14/2023. Previously, the company paid the dividend on 12/13/2022 with an ex-dividend date of 11/25/2022. The SPB stock dividend was $0.42 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for SPB in the last 3 months, the mean price target is $80.71 with high estimates of $110.00 and low estimates of $69.00. In terms of 52-week highs and lows, SPB has a high of $91.25 and a low of $38.93.

As of this writing, SPB has an earnings estimate of -$0.04 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $1 per share and a lower estimate of -$0.27. The company reported an EPS of $0.48 in the last quarter, which was -15.80% lower than expectations of $0.57.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. SPB’s latest balance sheet shows that the firm has $187.90M in Cash & Short Term Investments as of fiscal 2021. There were $2.55B in debt and $1.16B in liabilities at the time. Its Book Value Per Share was $30.14, while its Total Shareholder’s Equity was $1.48B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 9 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SPB is Overweight with a score of 4.29. A total of 6 analysts rated the stock as Buy while 0 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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