Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Spectrum Brands Holdings, Inc.    SPB

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Spectrum Brands : mulls sale of George Foreman, Rayovac brands

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/03/2018 | 02:37pm CET

Spectrum Brands Holding Inc said on Wednesday it is exploring strategic options, including a sale, for its unit that sells brands such as George Foreman cookware and Rayovac batteries.

The company's global battery and appliances unit, which also includes Remington grooming products and Black & Decker home appliances, accounted for about 40 percent of overall sales in fiscal year 2017.

The company, which has a market capitalisation of $6.30 billion (£4.64 billion), said it had received inquiries from prospective buyers and was in talks with many of them.

Spectrum said a transaction would help it to reduce debt and focus on higher margin brands in its four remaining businesses - hardware & home improvement, auto care, pet supplies and home & garden.

The Middleton, Wisconsin based company's shares have fallen 10.6 percent over the last year.

(Reporting by Uday Sampath in Bengaluru; Editing by Arun Koyyur and Saumyadeb Chakrabarty)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SPECTRUM BRANDS HOLDINGS,
01/16 SPECTRUM BRANDS : selling Rayovac battery business to competitor Energizer Holdi..
01/16 ENERGIZER : adds Rayovac batteries to lineup with $2 billion deal
01/16 ENERGIZER HOLDINGS, INC. (NYSE : ENR) Files An 8-K Entry into a Material Definit..
01/16 ENERGIZER : buying Rayovac batteries for $2 billion
01/16 HRG GROUP, INC. : Other Events (form 8-K)
01/16 ENERGIZER : spends $2 billion to add Rayovac brand
01/16 SPECTRUM BRANDS HOLDINGS, INC. : Entry into a Material Definitive Agreement, Reg..
01/16 ENERGIZER HOLDINGS, INC. : Announces Agreement To Acquire Spectrum Brands Holdin..
01/15 SPECTRUM BRANDS PET : LLC Introduces GloFish® Sharks to GloFish® Family of Fluor..
01/11 HRG GROUP, INC. (NYSE : HRG) Files An 8-K Regulation FD Disclosure
More news
News from SeekingAlpha
01/16 SPECTRUM BRANDS : Bye Batteries
01/16 WIN-WIN : Energizer and Spectrum both rally after asset deal
01/16 Spectrum Brands to sell Global Battery and Lighting business to Energizer Hol..
01/16 DIVIDEND CHALLENGERS (AND NEAR-CHALL : 153 Increases Expected By The End Of Marc..
01/03 Spectrum Brands rallies after strategy reset
Financials ($)
Sales 2018 5 225 M
EBIT 2018 758 M
Net income 2018 364 M
Debt 2018 3 254 M
Yield 2018 1,41%
P/E ratio 2018 19,97
P/E ratio 2019 17,30
EV / Sales 2018 2,00x
EV / Sales 2019 1,93x
Capitalization 7 217 M
Chart SPECTRUM BRANDS HOLDINGS,
Duration : Period :
Spectrum Brands Holdings,  Technical Analysis Chart | SPB | US84763R1014 | 4-Traders
Technical analysis trends SPECTRUM BRANDS HOLDINGS,
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 139 $
Spread / Average Target 11%
EPS Revisions
Managers
NameTitle
Andreas Rouvé President, Chief Executive Officer & Director
David M. Maura Executive Chairman
Douglas L. Martin Chief Financial Officer & Executive Vice President
Terry Lee Polistina Independent Director
Kenneth Charles Ambrecht Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
SPECTRUM BRANDS HOLDINGS, INC.7.19%7 217
KEYENCE CORPORATION7.62%73 536
SCHNEIDER ELECTRIC SE5.25%54 619
EMERSON ELECTRIC6.06%47 437
NIDEC CORPORATION8.16%45 786
EATON CORPORATION PLC6.62%37 681