Spectrum Brands Holdings, Inc. reports results for the quarter ended September 30 - Earnings Summary

• Spectrum Brands Holdings, Inc. SPB.N reported quarterly adjusted earnings of $1.39​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $2.61. The mean expectation of seven analysts for the quarter was for earnings of 93 cents per share. Wall Street expected results to range from 71 cents to $1.28 per share.

• Revenue fell 2.8% to $713.20 million from a year ago; analysts expected $719.63 million.

• Spectrum Brands Holdings, Inc.'s reported EPS for the quarter was $1.11​.

• The company reported quarterly net income of $25.8 million.

• Spectrum Brands Holdings, Inc. shares had risen by 11.0% this quarter and gained 49.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4.4% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the appliances, tools & housewares peer group is also "buy"

• Wall Street's median 12-month price target for Spectrum Brands Holdings, Inc. is $100.39, about 12.1% above its last closing price of $88.29

This summary was machine generated from LSEG data November 12 at 02:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)