Spectrum Brands Holdings Inc reports results for the quarter ended June 30 - Earnings Summary

• Spectrum Brands Holdings Inc SPB.N reported quarterly adjusted earnings of $1.24​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.10. The mean expectation of eight analysts for the quarter was for earnings of $1.28 per share. Wall Street expected results to range from $1.13 to $1.47 per share.

• Revenue fell 10.2% to $699.60 million from a year ago; analysts expected $742.16 million.

• Spectrum Brands Holdings Inc's reported EPS for the quarter was 80 cents​.

• The company reported quarterly net income of $19.9 million.

• Spectrum Brands Holdings Inc shares had fallen by 0.2% this quarter and lost 37.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 20.9% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "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 $79.00, about 33% above its last closing price of $52.92

This summary was machine generated from LSEG data August 7 at 04:29 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)