Revenue Update on Spectrum Brands Holdings(NYSE:SPB)

Spectrum Brands Holdings(NYSE:SPB) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-market on Nov 17, 2016. Company reported revenue of $1.25B. Analysts estimated a revenue of $1.33B. The revenues were $-80.00M or NaN% below the estimates. Earnings per share were $1.31. The reported EPS was above estimates by $0.02 or 1.55%. Analysts had estimated an EPS of $1.29.

In a different note, PiperJaffray said it Initiates Coverage on Spectrum Brands Holdings, according to a research note issued on Sep 1, 2016. The shares have been rated ‘Overweight’ by the firm.

Spectrum Brands Holdings (SPB) shares turned negative on Mondays trading session with the shares closing down -3.09 points or -2.48% at a volume of 13,28,509. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $124.22. The peak price level was also seen at $124.22 while the days lowest was $119.55. Finally the shares closed at $121.52. The 52-week high of the shares is $138.9499 while the 52-week low is $87.65. According to the latest information available, the market cap of the company is $7,220 M.

Spectrum Brands Holdings has also declared a cash dividend of $0.3800 on Nov 14, 2016. The shares will quote ex-dividend on Nov 28, 2016 and the record date has been fixed on Nov 30, 2016. The dividend payable date has been fixed on Dec 15, 2016.

Several Insider Transactions has been reported to the SEC. On Sep 15, 2016, David M Maura (Executive Chairman) purchased 2,000 shares at $127.47 per share price.Also, On Aug 3, 2016, Stacey L Neu (SVP of Human Resources) sold 800 shares at $128.04 per share price.On Dec 4, 2015, Andreas Rouve (President, International & COO) sold 19,324 shares at $95.25 per share price, according to the Form-4 filing with the securities and exchange commission.

Spectrum Brands Holdings Inc. (SB Holdings) is a consumer products company. The Company supplies consumer batteries residential locksets residential builder’s hardware plumbing and accessories shaving and grooming products personal care products small household appliances specialty pet supplies lawn and garden and home pest control products personal insect repellents and auto care products. The Company operates in segments which include Global Batteries & Appliances Hardware and Home Improvement Global Pet Supplies Home and Garden and Global Auto Care. The Company manufactures and markets alkaline zinc carbon and hearing aid batteries as well as aquariums and aquatic health supplies and the designing and marketing of rechargeable batteries and electric shavers among others. The Company also offers Armor All STP and A/C PRO brands.

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