Revenue Update on Spectrum Brands Holdings(NYSE:SPB)

Spectrum Brands Holdings(NYSE:SPB) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $1.36B. Analysts estimated a revenue of $1.36B. Earnings per share were $1.73. Analysts had estimated an EPS of $1.68.

Spectrum Brands Holdings (SPB) made into the market gainers list on Thursdays trading session with the shares advancing 0.51% or 0.65 points. Due to strong positive momentum, the stock ended at $128.9, which is also near the day’s high of $129.41. The stock began the session at $128.1 and the volume stood at 2,69,141 shares. The 52-week high of the shares is $130.465 and the 52 week low is $87.65. The company has a current market capitalization of $7,657 M and it has 5,94,02,165 shares in outstanding.

Spectrum Brands Holdings has also declared a cash dividend of $0.3800 on Jul 26, 2016. The shares will quote ex-dividend on Aug 12, 2016 and the record date has been fixed on Aug 16, 2016. The dividend payable date has been fixed on Sep 13, 2016.

Several Insider Transactions has been reported to the SEC. On Jun 14, 2016, David M Maura (Executive Chairman) purchased 4,350 shares at $114.52 per share price.Also, On Dec 4, 2015, Andreas Rouve (President, International & COO) sold 19,324 shares at $95.25 per share price.On Dec 3, 2015, Nathan E Fagre (SVP, GC and Secretary) sold 13,178 shares at $95.11 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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