Energizer Holdings Inc. (ENR) Trading Down 2.1%
Energizer Holdings Inc. (NYSE:ENR) shares traded down 2.1% on Wednesday . The company traded as low as $48.19 and last traded at $48.29, with a volume of 228,826 shares. The stock had previously closed at $49.34.
A number of research analysts have commented on ENR shares. Jefferies Group upped their price objective on Energizer Holdings from $48.00 to $50.00 and gave the company a “hold” rating in a report on Thursday, August 4th. Citigroup Inc. upped their price objective on Energizer Holdings from $54.00 to $56.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Zacks Investment Research lowered Energizer Holdings from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 26th. SunTrust Banks Inc. upped their price objective on Energizer Holdings from $50.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Finally, TheStreet started coverage on Energizer Holdings in a report on Thursday, July 14th. They issued a “sell” rating on the stock. One research 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. Energizer Holdings currently has an average rating of “Hold” and a consensus price target of $52.17.
The company has a market cap of $3.00 billion and a P/E ratio of 23.26. The stock has a 50 day moving average of $49.92 and a 200-day moving average of $45.22.
Energizer Holdings (NYSE:ENR) last posted its earnings results on Wednesday, August 3rd. The company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.02. During the same quarter in the prior year, the business earned $0.64 EPS. The company earned $361 million during the quarter, compared to the consensus estimate of $356.69 million. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. On average, equities research analysts anticipate that Energizer Holdings Inc. will post $2.27 earnings per share for the current year.
The business also recently announced 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 dividend on an annualized basis and a dividend yield of 2.07%.
A number of hedge funds have modified their holdings of the company. Marshall Wace LLP acquired a new stake in shares of Energizer Holdings during the fourth quarter worth approximately $1,058,000. Trexquant Investment LP acquired a new stake in shares of Energizer Holdings during the fourth quarter worth approximately $1,256,000. Finally, Wells Fargo & Company MN raised 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 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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