Energizer Holdings Inc. (ENR) Stock Price Down 2.1%
Shares of Energizer Holdings Inc. (NYSE:ENR) traded down 2.1% on Wednesday . The stock traded as low as $48.19 and last traded at $48.29, with a volume of 228,826 shares traded. The stock had previously closed at $49.34.
Several analysts recently commented on ENR shares. Jefferies Group boosted their price target on Energizer Holdings from $45.00 to $50.00 and gave the company a “hold” rating in a research note on Wednesday, May 25th. TheStreet started coverage on Energizer Holdings in a research note on Thursday, July 14th. They issued a “sell” rating on the stock. Citigroup Inc. boosted their price target on Energizer Holdings from $54.00 to $56.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. SunTrust Banks Inc. boosted their price target on Energizer Holdings from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Finally, Zacks Investment Research lowered Energizer Holdings from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Energizer Holdings presently has a consensus rating of “Hold” and an average price target of $52.17.
The company has a 50-day moving average price of $50.11 and a 200-day moving average price of $45.18. The firm has a market cap of $2.99 billion and a P/E ratio of 23.24.
Energizer Holdings (NYSE:ENR) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.02. The business earned $361 million during the quarter, compared to the consensus estimate of $356.69 million. Energizer Holdings’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 EPS. On average, equities research analysts expect that Energizer Holdings Inc. will post $2.27 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 19th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $1.00 annualized dividend and a yield of 2.07%.
Several institutional investors have recently made changes to their positions in the company. Trexquant Investment LP purchased a new position in shares of Energizer Holdings during the fourth quarter worth $1,256,000. 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 worth $1,728,000 after buying an additional 6,181 shares during the period. Marshall Wace LLP purchased a new position in shares of Energizer Holdings during the fourth quarter worth $1,058,000. Finally, Wells Fargo & Company MN raised its position 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 worth $10,826,000 after buying an additional 190,217 shares during the period.
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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