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Spectrum Brands Holdings Inc. (SPB) stock has reached a new 52-week low, touching $50.72. According to InvestingPro analysis, the company maintains strong financial health with a current ratio of 2.42 and offers an attractive dividend yield of 3.65%. The stock appears undervalued based on InvestingPro’s Fair Value calculations. This marks a significant downturn for the company, as the stock has experienced a substantial 1-year change of -44.39%. Despite the decline, analysts maintain optimistic price targets suggesting potential upside, and management has been actively buying back shares. The decline reflects ongoing challenges and market conditions impacting the company’s performance over the past year. Investors will be closely monitoring Spectrum Brands’ strategic responses to these challenges as they navigate this period of decreased stock value. For deeper insights, InvestingPro subscribers can access 4 additional ProTips and a comprehensive analysis report covering key metrics and growth prospects.
In other recent news, Spectrum Brands Holdings Inc. reported its fiscal third-quarter earnings, revealing an earnings per share (EPS) of $1.24, which fell short of the forecasted $1.35. The company’s revenue also missed expectations, coming in at $699.6 million compared to the anticipated $745.55 million. Despite these financial misses, investor sentiment appeared optimistic. In related developments, Spectrum Brands announced the appointment of Faisal Qadir as the new Executive Vice President and Chief Financial Officer, succeeding Jeremy W. Smeltser. Smeltser will remain with the company until the end of 2025 to ensure a smooth transition. Analyst firm RBC Capital lowered its price target for Spectrum Brands to $75.00 from $80.00, citing supply challenges due to tariff impacts. Meanwhile, Wells Fargo maintained its $60 price target, noting improvements as the company heads into the fiscal fourth quarter. Additionally, Superior Plus Corp. announced a quarterly dividend of CAD $0.045 per share, payable to shareholders on October 15, 2025.
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