Spectrum Brands Holdings (SPB) has a market cap of $8.3 billion. It rose 0.64% to close at $129.59 per share on November 14, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -3.9%, -4.0%, and 28.6%, respectively, on the same day.
SPB is trading 3.1% below its 20-day moving average, 2.7% below its 50-day moving average, and 9.6% above its 200-day moving average.
Related ETF and peers
The iShares Morningstar Mid-Cap Growth Index ETF (JKH) invests 0.22% of its holdings in Spectrum Brands. The ETF tracks a market cap–weighted index of mid-cap companies selected by Morningstar based on their growth characteristics. The YTD price movement of JKH was 3.7% on November 14.
The market cap of Spectrum Brands’s competitors are as follows:
SPB declared dividend
Spectrum Brands Holdings (SPB) has declared a quarterly dividend of $0.38 per share on its common stock. The dividend will be paid on December 15, 2016, to shareholders of record at the close of business on November 30, 2016.
Performance of Spectrum Brands in fiscal 3Q16
Spectrum Brands (SPB) reported fiscal 3Q16 net sales of $1.4 million, a rise of 9.1% from $1.3 million in fiscal 3Q15. Sales from the Global Batteries & Appliances and Global Pet Supplies segments fell 1.1% and 0.6%, respectively.
Sales from the Hardware & Home Improvement, Home & Garden, and Global Auto Care segments rose 4.8%, 4.8%, and 148.1%, respectively, between fiscal 3Q15 and fiscal 3Q16.
Net income, EPS, and cash
Spectrum Brands’s net income and EPS (earnings per share) rose to $101.9 million and $1.71, respectively, in fiscal 3Q16 compared to $44.9 million and $0.79, respectively, in fiscal 3Q15.
The company reported adjusted EBITDA[1. earnings before interest, tax, depreciation, and amortization] of $279.2 million in fiscal 3Q16, a rise of 18.2% over fiscal 3Q15. SPB’s cash and cash equivalents fell 52.8%, and its inventory rose 7.9% between fiscal 4Q15 and fiscal 3Q16.
Spectrum Brands (SPB) made the following projections for fiscal 2016:
- The company expects a net sales increase in the high single-digit range. This includes the positive impacts of the acquisitions of the European pet food business on December 31, 2014; Salix Animal Health on January 16, 2015; and Armored Auto Group on May 21, 2015. This also includes the negative impact of foreign exchange of 2.8%–3.0% based on current spot rates.
- SPB anticipates free cash flows of $505 million–$515 million.
- SPB projects capital expenditure of $100 million–$110 million.
In the next part, we’ll take a look at ConAgra Brands (CAG).