Spectrum Brands Holdings Inc (NYSE: SPB) has reported earnings for its second fiscal quarter (ending March 31) of $1.66 versus a loss $-1.83 for the same period a year ago. This result exceeded the consensus estimate of $0.75 by $0.91. For the latest four quarters through March 31, E.P.S. were $-0.65 versus $-3.36 for the same period a year ago.
Recent Price Action
On 5/9/24, Spectrum Brands Holdings Inc (NYSE: SPB) stock enjoyed a major increase of 11.9%, closing at $94.61. Moreover, exceptionally high trading volume at 476% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 15.5% 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 a modest Value Builder.
Spectrum Brands Holdings has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Spectrum Brands Holdings has a slightly positive Appreciation Score of 67 and a neutral Power Rating of 46, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information and very positive 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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