Energizer Holdings Inc. (ENR) Trading Down 2.9%
Shares of Energizer Holdings Inc. (NYSE:ENR) were down 2.9% during trading on Wednesday . The company traded as low as $48.33 and last traded at $49.44, with a volume of 894,988 shares changing hands. The stock had previously closed at $50.94.
A number of analysts recently commented on ENR shares. Zacks Investment Research upgraded Energizer Holdings from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Tuesday, June 28th. Goldman Sachs Group Inc. cut Energizer Holdings from a “buy” rating to a “neutral” rating and upped their price target for the stock from $50.00 to $52.00 in a research report on Tuesday, July 12th. They noted that the move was a valuation call. Citigroup Inc. began coverage on Energizer Holdings in a research report on Friday, June 10th. They issued an “underweight” rating and a $54.00 price target for the company. Jefferies Group reiterated a “hold” rating and set a $45.00 target price (up previously from $42.00) on shares of Energizer Holdings in a research report on Friday, May 6th. Finally, TheStreet began coverage on Energizer Holdings in a research report on Thursday, July 14th. They set a “sell” rating for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. Energizer Holdings presently has a consensus rating of “Hold” and a consensus target price of $51.00.
The company has a market capitalization of $3.06 billion and a price-to-earnings ratio of 36.12. The stock’s 50 day moving average is $50.27 and its 200-day moving average is $43.38.
Energizer Holdings (NYSE:ENR) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.02. The company earned $361 million during the quarter, compared to analyst estimates of $356.69 million. During the same period last year, the firm earned $0.64 EPS. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. On average, equities research analysts predict that Energizer Holdings Inc. will post $2.27 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Friday, August 19th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $1.00 annualized dividend and a dividend yield of 2.02%.
Several institutional investors recently modified their holdings of the stock. Comerica Bank boosted its position in shares of Energizer Holdings by 1.0% in the fourth quarter. Comerica Bank now owns 43,930 shares of the company’s stock valued at $1,404,000 after buying an additional 453 shares during the period. Suntrust Banks Inc. raised its position in shares of Energizer Holdings by 3.5% in the fourth quarter. Suntrust Banks Inc. now owns 98,378 shares of the company’s stock valued at $3,350,000 after buying an additional 3,300 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Energizer Holdings by 2.8% in the fourth quarter. Principal Financial Group Inc. now owns 198,845 shares of the company’s stock valued at $6,772,000 after buying an additional 5,474 shares in the last quarter. US Bancorp DE raised its position in shares of Energizer Holdings by 13.9% in the fourth quarter. US Bancorp DE now owns 50,754 shares of the company’s stock valued at $1,728,000 after buying an additional 6,181 shares in the last quarter. Finally, Freestone Capital Holdings LLC raised its position in shares of Energizer Holdings by 33.3% in the fourth quarter. Freestone Capital Holdings LLC now owns 48,568 shares of the company’s stock valued at $1,654,000 after buying an additional 12,126 shares in the last quarter.
Energizer Holdings, Inc, formerly Energizer SpinCo, Inc, manufactures and markets batteries and portable lighting products. The Company is focused on household products business. The Company’s brands include Energizer and Eveready. In addition to the Energizer and Eveready brands, the Company also markets its flashlights under the Hard Case, Dolphin, and Weather Ready sub-brands.
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