Energizer Holdings, Inc. to Post Q2 2018 Earnings of $0.52 Per Share, KeyCorp Forecasts (ENR)
Energizer Holdings, Inc. (NYSE:ENR) – Research analysts at KeyCorp lowered their Q2 2018 earnings estimates for shares of Energizer Holdings in a report released on Wednesday. KeyCorp analyst J. Gere now forecasts that the company will post earnings per share of $0.52 for the quarter, down from their prior estimate of $0.53. KeyCorp currently has a “Overweight” rating and a $55.00 target price on the stock. KeyCorp also issued estimates for Energizer Holdings’ FY2018 earnings at $2.00 EPS.
Energizer Holdings (NYSE:ENR) last announced its earnings results on Wednesday, August 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.06. The business had revenue of $372 million for the quarter, compared to analysts’ expectations of $390.88 million. Energizer Holdings had a return on equity of 529.84% and a net margin of 10.97%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.32 EPS.
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A number of other research firms have also weighed in on ENR. Jefferies Group LLC upped their price objective on Energizer Holdings from $54.00 to $60.00 and gave the stock a “hold” rating in a research report on Wednesday, April 19th. Morgan Stanley lowered Energizer Holdings from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $58.00 to $61.00 in a research report on Wednesday, April 19th. They noted that the move was a valuation call. Zacks Investment Research raised Energizer Holdings from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research report on Wednesday, April 12th. Royal Bank Of Canada cut their price objective on Energizer Holdings from $57.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, May 5th. Finally, BidaskClub lowered Energizer Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, June 29th. One investment 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. The stock presently has a consensus rating of “Hold” and a consensus price target of $53.86.
Shares of Energizer Holdings (NYSE:ENR) opened at 41.19 on Monday. The company has a market cap of $2.55 billion, a PE ratio of 13.68 and a beta of 0.57. The firm’s 50-day moving average price is $48.23 and its 200 day moving average price is $52.90. Energizer Holdings has a 12 month low of $40.98 and a 12 month high of $60.07.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Monday, August 21st will be paid a dividend of $0.275 per share. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.67%. Energizer Holdings’s payout ratio is currently 36.54%.
Institutional investors have recently modified their holdings of the company. Creative Planning increased its position in shares of Energizer Holdings by 0.4% in the first quarter. Creative Planning now owns 1,999 shares of the company’s stock worth $111,000 after buying an additional 7 shares during the last quarter. Acrospire Investment Management LLC purchased a new position in shares of Energizer Holdings during the first quarter worth approximately $114,000. IFP Advisors Inc increased its position in shares of Energizer Holdings by 7.1% in the second quarter. IFP Advisors Inc now owns 2,607 shares of the company’s stock worth $125,000 after buying an additional 172 shares during the last quarter. Financial Counselors Inc. purchased a new position in shares of Energizer Holdings during the first quarter worth approximately $201,000. Finally, Edmonds Duncan Registered Investment Advisors LLC purchased a new position in shares of Energizer Holdings during the first quarter worth approximately $234,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.
Energizer Holdings Company Profile
Energizer Holdings, Inc is a manufacturer, marketer and distributor of household batteries, specialty batteries and lighting products. The Company is a designer and marketer of automotive fragrance and appearance products. It operates through four geographic segments: North America, which consists of the United States and Canada; Latin America, which includes its markets in Mexico, the Caribbean, Central America and South America; Europe, the Middle East and Africa (EMEA), and Asia Pacific, which consists of its markets in Asia, Australia and New Zealand.
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