Spectrum Brands Likely To Post Lower Q3 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Spectrum Brands Holdings, Inc. SPB is expected to report its fiscal 2023 third quarter financial results, before the opening bell on Aug. 11, 2023.

Analysts expect the company to post quarterly earnings at 40 cents per share, down from year-ago earnings of 54 cents per share. The company’s revenue might come in at $787.11 million, compared to $818 million in the year-ago period.

Spectrum Brands shares fell 0.3% to close at $75.11 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Wells Fargo analyst Chris Carey reiterated an Overweight rating and raised the price target from $85 to $90 on June 21, 2023. This analyst has an accuracy rate of 64%.
• Oppenheimer analyst Ian Zaffino maintained an Outperform rating and raised the price target from $72 to $82 on May 8, 2023. This analyst has an accuracy rate of 71%.
• Deutsche Bank analyst Steve Powers downgraded the stock from Buy to Hold and raised the price target from $63 to $70 on Dec. 6, 2022. This analyst has an accuracy rate of 74%.

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