Spectrum Brands Holdings Reports Fiscal 2017 First Quarter Results, Reaffirms Outlook for 8th Consecutive Year of Record Financial Performance

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Go back to Spectrum Brands Holdings Reports Fiscal 2017 First Quarter Results, Reaffirms Outlook for 8th Consecutive Year of Record Financial Performance

Spectrum Brands (SPB) PT Raised to $160 at Jefferies

January 27, 2017 10:12 AM EST

Jefferies raised its price target on Spectrum Brands (NYSE: SPB) to $160.00 (from $147.00) while maintaining a Buy rating.

Analyst Kevin Grundy commented, "We maintain our Buy rating post a relatively in-line 1Q, which provided some reassurance following a clumsy 4Q back in... More

Spectrum Brands (SPB) Tops Q1 EPS by 5c; Reaffirms Outlook

January 26, 2017 6:36 AM EST

Spectrum Brands (NYSE: SPB) reported Q1 EPS of $1.21, $0.05 better than the analyst estimate of $1.16. Revenue for the quarter came in at $1.21 billion versus the consensus estimate of $1.23 billion.

Fiscal 2017 Outlook

Spectrum Brands expects fiscal 2017 reported net sales to grow above category rates, along with an anticipated negative impact from foreign exchange of approximately 100 to 150 basis points.

Fiscal 2017 free cash flow is projected to be approximately $575-$590 million compared to $535 million in fiscal 2016. Capital expenditures are expected to be in the range of $110 million to $120 million, including rollover spending from fiscal 2016. These incremental investments will support... More