Last $13.80 USD
Change Today +0.44 / 3.29%
Volume 776.8K
HRG On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

harbinger group inc (HRG) Snapshot

Open
$13.73
Previous Close
$13.36
Day High
$13.98
Day Low
$13.55
52 Week High
11/26/14 - $13.98
52 Week Low
05/12/14 - $10.60
Market Cap
2.8B
Average Volume 10 Days
523.2K
EPS TTM
$-2.41
Shares Outstanding
201.0M
EX-Date
11/3/98
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for HARBINGER GROUP INC (HRG)

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harbinger group inc (HRG) Details

Harbinger Group Inc., through its subsidiaries, provides various branded consumer products. The company operates in four segments: Consumer Products, Insurance, Energy, and Financial Services. Its product portfolio includes consumer batteries, such as alkaline and zinc carbon batteries, rechargeable batteries and chargers, hearing aid batteries, other specialty batteries, and portable lighting products; small appliances comprising small kitchen appliances and home product appliances; and pet supplies consisting of aquatic equipment and supplies, dog and cat treats, small animal foods, clean up and training aids, health and grooming products, and bedding products. The company’s product portfolio also comprises hardware and home improvement products, including residential locksets, builders hardware, and plumbing products; home and garden control products, such as household insect controls, insect repellents, and herbicides; electric shaving and grooming devices; and electric personal care and styling devices. Harbinger Group Inc. offers its products under various brand names. The company sells its products through retailers, wholesalers and distributors, hearing aid professionals, industrial distributors, and original equipment manufacturers. In addition, it provides life insurance and annuity products through independent agents, managing general agents, and specialty brokerage firms; long-term reinsurance to specialty insurance sector of fixed, deferred, and payout annuities; asset management services; and secured asset-based loans to various industries, as well as is engaged in owning, operating, acquiring, exploiting, and developing conventional oil and natural gas assets in the United States. The company was formerly known as Zapata Corporation and changed its name to Harbinger Group Inc. in December 2009. Harbinger Group Inc. was founded in 1954 and is headquartered in New York, New York.

harbinger group inc (HRG) Top Compensated Officers

Chairman of the Board and Chief Executive Off...
Total Annual Compensation: --
President and Director
Total Annual Compensation: $500.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $500.0K
Managing Director, Executive Vice President o...
Total Annual Compensation: $500.0K
Chief Accounting Officer and Vice President
Total Annual Compensation: $311.5K
Compensation as of Fiscal Year 2013.

harbinger group inc (HRG) Key Developments

Harbinger Group Inc. Announces Management Changes

Harbinger Group Inc. announced that Philip Falcone, the company's Chief Executive Officer and Chairman of the board of directors will, effective December 1, 2014, resign from his positions with the company. Joseph S. Steinberg, an independent member of the Board, will become Chairman of the Board. Simultaneously with Mr. Falcone's resignation, Mr. Keith Hladek, the company's director, will also resign from the Board.

Harbinger Group Mulls Acquisitions

Harbinger Group Inc. (NYSE:HRG) intends to pursue acquisitions. HGI Energy Holdings has agreed to acquire the remaining approximately 25% interests in the Compass joint venture. "Today's announcement more completely aligns Compass with HGI's investment thesis of building long-term value and sustainable free cash flow. With the remaining interest in, and full control of, Compass, we can more effectively execute on smart conventional asset acquisitions that will drive Compass' value and cash flow generation capability," said Philip A. Falcone, Harbinger's Chairman and Chief Executive Officer.

Harbinger Group Inc. Announces Launch of its Add-On Senior Unsecured Notes Offering

Harbinger Group Inc. announced an offering of $200 million in aggregate principal amount of senior unsecured notes. The notes are expected to be issued under the same indenture governing the Company's $550 million aggregate principal amount of 7.750% Senior Notes due 2022. The Company expects to use the net proceeds from the issuance of the notes for working capital by it and its subsidiaries and for general corporate purposes, including the financing of future acquisitions and businesses and its share repurchase program. The offering is subject to market conditions and other factors. The offering will be made solely by means of a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and to certain persons in offshore transactions pursuant to Regulation S under the Securities Act. The notes to be issued in the offering have not been and will not be registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act.

 

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Valuation HRG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.5x
Price/Book 1.9x
Price/Cash Flow 15.9x
TEV/Sales NM Not Meaningful
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