For its fourth fiscal quarter (ending September 30), Spectrum Brands Holdings Inc (NYSE: SPB) has reported E.P.S. of $1.52 compared to $-0.61 a year ago. This performance was $0.46 better than the consensus estimate of $1.06. E.P.S. were $-5.92 for the latest four quarters through September 30 versus $-1.89 for the same period a year ago.
Recent Price Action
On 11/17/23, Spectrum Brands Holdings Inc (NYSE: SPB) stock suffered a major decline of -11.8%, closing at $67.82. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -12.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, SPB is expected to continue to be an important Value Builder.
Spectrum Brands Holdings has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Spectrum Brands Holdings has a poor Appreciation Score of 23 but a very high Power Rating of 92, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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