.jpg "Spectrum Brands Holdings (NYSE: SPB)")
In a report issued on April 18, Ian Zaffino from Oppenheimer maintained a Hold rating on Spectrum Brands Holdings (SPB). The company’s shares closed on Thursday at $61.93.
Zaffino observed:
“We update our SPB model following the filing of the company’s amended 10-K, which includes historical results for HPC. As a result, we adjust our outlook for HPC and now estimate F2Q19 EBITDA of $11.1M, vs. $22.3M previously. Subsequently, we adjust our F2Q19 EBITDA to $115M, from $122M. Our full year F2019 EBITDA remains unchanged. Maintain Perform.”
According to TipRanks.com, Zaffino is a 4-star analyst with an average return of 3.3% and a 55.1% success rate. Zaffino covers the Services sector, focusing on stocks such as Servicemaster Global Holdings, Wyndham Hotels & Resorts Inc, and Wyndham Destinations Inc.
Spectrum Brands Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $59, a -4.7% downside from current levels. In a report issued on April 8, Deutsche Bank also maintained a Hold rating on the stock with a $58 price target.
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Based on Spectrum Brands Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $113 million. In comparison, last year the company had a GAAP net loss of $37.1 million.
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Spectrum Brands Holdings, Inc. manufactures and supplies consumer batteries, residential locksets, residential builders hardware, plumbing, shaving & grooming products, personal care products, small household appliances, specialty pet supplies, lawn, garden and home pest control products, personal insect repellents, and auto care products.
