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Spectrum Brands Holdings Inc . (NYSE:SPB) stock has touched a 52-week low, dipping to $74.59 amidst market fluctuations. According to InvestingPro data, the company maintains strong fundamentals with a healthy current ratio of 2.4, indicating solid liquidity. This latest price point marks a significant downturn for the company, which has experienced a -8.62% change over the past year. InvestingPro analysis suggests the stock is currently trading below its Fair Value, while analyst targets range from $80 to $110, indicating potential upside opportunity. Investors are closely monitoring Spectrum Brands as it navigates through the challenges that have led to this low, with the hope that the company’s strategic initiatives will pave the way for recovery and growth in the upcoming quarters. Notably, management has been actively buying back shares, and the company maintains a GOOD financial health score according to InvestingPro, which offers additional insights through its comprehensive Pro Research Report, available for over 1,400 US stocks.
In other recent news, Spectrum Brands Holdings Inc. reported its fourth-quarter 2024 earnings, surpassing analysts’ expectations with an earnings per share (EPS) of $1.02, compared to the forecasted $0.91. However, the company’s revenue for the quarter was slightly below expectations, coming in at $700.2 million against the anticipated $705.9 million. Despite the earnings beat, Spectrum Brands experienced a decline in its pre-market stock price. The company launched the "Superior Delivers" initiative, aiming for significant EBITDA improvements. For the full year, adjusted EBITDA increased by $40.8 million to $455.5 million. Spectrum Brands expects an 8% growth in adjusted EBITDA for 2025, with plans to repurchase CAD $135 million in shares and a focus on 5-10% growth in its North American propane and CNG segments. The company also aims to address challenges in the propane market due to warmer weather and maintain its competitive position in the CNG segment.
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