Energizer Holdings Inc. (ENR) Shares Down 1.7%
Energizer Holdings Inc. (NYSE:ENR)’s share price dropped 1.7% during trading on Thursday . The stock traded as low as $50.38 and last traded at $50.39, with a volume of 327,089 shares changing hands. The stock had previously closed at $51.24.
ENR has been the topic of several research analyst reports. Jefferies Group restated a “hold” rating and issued a $45.00 price objective (up from $42.00) on shares of Energizer Holdings in a research report on Friday, May 6th. Citigroup Inc. assumed coverage on Energizer Holdings in a research report on Friday, June 10th. They issued an “underweight” rating and a $54.00 target price on the stock. Zacks Investment Research downgraded Energizer Holdings from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 15th. Goldman Sachs Group Inc. downgraded Energizer Holdings from a “buy” rating to a “neutral” rating and boosted their target price 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. Finally, TheStreet assumed coverage on Energizer Holdings in a research report on Thursday, July 14th. They issued a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $52.17.
The firm has a 50 day moving average of $50.25 and a 200 day moving average of $44.07. The company has a market cap of $3.12 billion and a P/E ratio of 24.25.
Energizer Holdings (NYSE:ENR) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.02. The company had revenue of $361 million for the quarter, compared to analyst estimates of $356.69 million. Energizer Holdings’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.64 earnings per share. Equities analysts predict that Energizer Holdings Inc. will post $2.27 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 19th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.98%. The ex-dividend date is Wednesday, August 17th.
A number of large investors recently made changes to their positions in the company. Wells Fargo & Company MN increased its stake in shares of Energizer Holdings by 149.0% in the fourth quarter. Wells Fargo & Company MN now owns 317,838 shares of the company’s stock valued at $10,826,000 after buying an additional 190,217 shares in the last quarter. Alpine Woods Capital Investors LLC boosted its stake in Energizer Holdings by 32.4% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 155,200 shares of the company’s stock worth $5,286,000 after buying an additional 38,000 shares during the period. Trexquant Investment LP acquired a new stake in Energizer Holdings during the fourth quarter worth approximately $1,256,000. Diamond Hill Capital Management Inc. boosted its stake in Energizer Holdings by 13.0% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 311,526 shares of the company’s stock worth $10,611,000 after buying an additional 35,840 shares during the period. Finally, Marshall Wace LLP acquired a new stake in Energizer Holdings during the fourth quarter worth approximately $1,058,000.
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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