Spectrum Brands Holdings (NYSE:SPB) said it cut more than $410 million of cumulative term debt and anticipates ending fiscal 2016 on Sept. 30 with a total leverage below 4 times. The company also reiterated expectations for fiscal 2016 adjusted net cash provided from operating activities after purchases of property, plant and equipment to be between $505-$515 million. Shares were up almost 1%, moving near the top end of their 52-week price range of $87.65 – $135.18.
The stock increased 1.49% or $1.99 during the last trading session, hitting $135.52. Spectrum Brands Holdings, Inc. (NYSE:SPB) has risen 42.16% since February 24, 2016 and is uptrending. It has outperformed by 30.23% the S&P500.
Spectrum Brands Holdings, Inc. is a diversified consumer products company. The company has a market cap of $8.00 billion. The Firm operates through five divisions: Global Batteries & Appliances, Global Pet Supplies, Home and Garden, Hardware & Home Improvement, and Global Auto Care. It has a 27.45 P/E ratio. The Company’s Global Batteries & Appliances segment includes consumer batteries, small appliances and personal care products.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.