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Spectrum Brands Holdings Inc Stock Upgraded (SPB)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

NEW YORK (TheStreet) -- Spectrum Brands Holdings (NYSE:SPB) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 4.0%. Since the same quarter one year prior, revenues rose by 32.1%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • Compared to its closing price of one year ago, SPB's share price has jumped by 61.37%, exceeding the performance of the broader market during that same time frame. Turning to the future, naturally, any stock can fall in a major bear market. However, in almost any other environment, the stock should continue to move higher despite the fact that it has already enjoyed nice gains in the past year.
  • Net operating cash flow has increased to $122.18 million or 47.02% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 11.41%.
  • SPECTRUM BRANDS HOLDINGS INC's earnings per share declined by 38.9% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, SPECTRUM BRANDS HOLDINGS INC turned its bottom line around by earning $0.92 versus -$1.47 in the prior year. This year, the market expects an improvement in earnings ($2.95 versus $0.92).
  • 38.58% is the gross profit margin for SPECTRUM BRANDS HOLDINGS INC which we consider to be strong. Regardless of SPB's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, the net profit margin of 3.31% trails the industry average.

Spectrum Brands Holdings, Inc., together with its subsidiaries, operates as a consumer products company worldwide. Spectrum has a market cap of $3.23 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 37.8% year to date as of the close of trading on Tuesday.

You can view the full Spectrum Ratings Report or get investment ideas from our investment research center.

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