Energizer Holdings Inc. (ENR) Stock Price Down 2.9%
Energizer Holdings Inc. (NYSE:ENR) shares fell 2.9% 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 research firms recently weighed in on ENR. Jefferies Group lifted their price objective on shares of 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 shares of Energizer Holdings in a research report on Thursday, July 14th. They set a “sell” rating for the company. Citigroup Inc. restated a “buy” rating and set a $49.00 price target (up from $41.00) on shares of Energizer Holdings in a research report on Thursday, April 7th. SunTrust Banks Inc. boosted their price target on shares of Energizer Holdings from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Zacks Investment Research lowered shares of Energizer Holdings from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. Energizer Holdings has an average rating of “Hold” and an average price target of $52.14.
The firm has a market capitalization of $3.06 billion and a price-to-earnings ratio of 36.03. The firm has a 50 day moving average of $50.25 and a 200-day moving average of $43.46.
Energizer Holdings (NYSE:ENR) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ 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. During the same period in the prior year, the company earned $0.64 EPS. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. On average, analysts anticipate that Energizer Holdings Inc. will post $2.28 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Friday, August 19th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Wednesday, August 17th.
A number of large investors recently modified their holdings of the company. Marshall Wace LLP bought a new stake in shares of Energizer Holdings during the fourth quarter worth about $1,058,000. Trexquant Investment LP bought a new stake in shares of Energizer Holdings during the fourth quarter worth about $1,256,000. Liberty Mutual Group Asset Management Inc. increased its stake in shares of Energizer Holdings by 51.5% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 40,094 shares of the company’s stock worth $1,365,000 after buying an additional 13,631 shares in the last quarter. Comerica Bank increased its stake in shares of Energizer Holdings by 1.0% in the fourth quarter. Comerica Bank now owns 43,930 shares of the company’s stock worth $1,404,000 after buying an additional 453 shares in the last quarter. Finally, Freestone Capital Holdings LLC increased its stake 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 worth $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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