FY2018 EPS Estimates for Energizer Holdings, Inc. (NYSE:ENR) Decreased by Analyst
Energizer Holdings, Inc. (NYSE:ENR) – Equities research analysts at Jefferies Group lowered their FY2018 earnings per share estimates for shares of Energizer Holdings in a report released on Wednesday. Jefferies Group analyst K. Grundy now forecasts that the company will earn $2.95 per share for the year, down from their previous estimate of $3.01. Jefferies Group has a “Hold” rating and a $52.00 price objective on the stock. Jefferies Group also issued estimates for Energizer Holdings’ FY2019 earnings at $3.07 EPS.
ENR has been the subject of a number of other reports. KeyCorp upgraded shares of Energizer Holdings from a “sector weight” rating to an “overweight” rating and set a $55.00 target price for the company in a report on Tuesday, July 18th. Morgan Stanley downgraded shares of Energizer Holdings from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $58.00 to $61.00 in a report on Wednesday, April 19th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Energizer Holdings from a “buy” rating to a “hold” rating in a report on Monday. Deutsche Bank AG reduced their target price on shares of Energizer Holdings from $55.00 to $49.00 and set a “buy” rating for the company in a report on Thursday, August 3rd. Finally, Royal Bank Of Canada reduced their target price on shares of Energizer Holdings from $57.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, May 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $53.86.
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Shares of Energizer Holdings (ENR) traded up 0.22% during mid-day trading on Monday, hitting $41.82. 368,304 shares of the stock were exchanged. The stock’s 50 day moving average is $48.23 and its 200-day moving average is $52.90. The stock has a market cap of $2.58 billion, a PE ratio of 13.88 and a beta of 0.57. Energizer Holdings has a 12 month low of $40.98 and a 12 month high of $60.07.
Energizer Holdings (NYSE:ENR) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.06. Energizer Holdings had a net margin of 10.97% and a return on equity of 529.84%. The company had revenue of $372 million for the quarter, compared to the consensus estimate of $390.88 million. During the same period in the prior year, the firm posted $0.32 EPS. Energizer Holdings’s revenue for the quarter was up 3.0% on a year-over-year basis.
Large investors have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Energizer Holdings by 12,028.5% in the first quarter. BlackRock Inc. now owns 5,258,322 shares of the company’s stock worth $293,151,000 after buying an additional 5,214,967 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Energizer Holdings by 5.3% in the first quarter. Vanguard Group Inc. now owns 5,192,923 shares of the company’s stock worth $289,506,000 after buying an additional 263,305 shares during the last quarter. Neuberger Berman Group LLC raised its stake in shares of Energizer Holdings by 10.0% in the second quarter. Neuberger Berman Group LLC now owns 2,688,833 shares of the company’s stock worth $129,118,000 after buying an additional 244,332 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Energizer Holdings by 28.2% in the first quarter. Bank of America Corp DE now owns 1,525,675 shares of the company’s stock worth $85,056,000 after buying an additional 336,062 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Energizer Holdings by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,074,092 shares of the company’s stock worth $59,881,000 after buying an additional 28,152 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Monday, August 21st will be paid a dividend of $0.275 per share. The ex-dividend date is Thursday, August 17th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.64%. Energizer Holdings’s payout ratio is 36.54%.
About Energizer Holdings
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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