Q3 2018 EPS Estimates for Energizer Holdings, Inc. Raised by Analyst (NYSE:EPC)
Energizer Holdings, Inc. (NYSE:EPC) – Research analysts at SunTrust Banks lifted their Q3 2018 earnings per share estimates for shares of Energizer Holdings in a note issued to investors on Tuesday. SunTrust Banks analyst W. Chappell now forecasts that the company will post earnings per share of $1.08 for the quarter, up from their prior estimate of $0.90. SunTrust Banks also issued estimates for Energizer Holdings’ Q4 2018 earnings at $1.04 EPS.
A number of other analysts have also recently weighed in on the company. Citigroup Inc. raised their price objective on Energizer Holdings from $86.00 to $87.00 and gave the stock a “buy” rating in a research report on Friday. BidaskClub raised Energizer Holdings from a “strong sell” rating to a “sell” rating in a research report on Thursday. Jefferies Group LLC reaffirmed a “hold” rating and set a $78.00 price target (up previously from $77.00) on shares of Energizer Holdings in a research report on Thursday. Deutsche Bank AG lifted their price target on Energizer Holdings from $75.00 to $77.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, Zacks Investment Research cut Energizer Holdings from a “buy” rating to a “hold” rating in a research report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $85.22.
Energizer Holdings (NYSE EPC) traded up 1.29% during trading on Friday, reaching $74.54. 390,744 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $73.67 and its 200-day moving average price is $74.33. The firm has a market cap of $4.25 billion, a price-to-earnings ratio of 20.99 and a beta of 0.95. Energizer Holdings has a 12 month low of $69.63 and a 12 month high of $84.45.
Energizer Holdings (NYSE:EPC) last released its quarterly earnings data on Tuesday, August 8th. The company reported $1.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.31. Energizer Holdings had a net margin of 8.80% and a return on equity of 12.71%. The firm had revenue of $637.50 million during the quarter, compared to analysts’ expectations of $648.13 million. During the same period in the previous year, the business posted $0.66 earnings per share. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year.
Hedge funds have recently modified their holdings of the company. Teachers Advisors LLC boosted its stake in shares of Energizer Holdings by 4.6% in the fourth quarter. Teachers Advisors LLC now owns 61,259 shares of the company’s stock worth $4,471,000 after buying an additional 2,685 shares in the last quarter. Creative Planning boosted its stake in shares of Energizer Holdings by 0.4% in the first quarter. Creative Planning now owns 1,989 shares of the company’s stock worth $145,000 after buying an additional 7 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Energizer Holdings by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 14,500 shares of the company’s stock worth $1,061,000 after buying an additional 200 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Energizer Holdings by 5.2% in the first quarter. Nisa Investment Advisors LLC now owns 28,210 shares of the company’s stock worth $2,063,000 after buying an additional 1,400 shares in the last quarter. Finally, First Manhattan Co. boosted its stake in shares of Energizer Holdings by 85.4% in the first quarter. First Manhattan Co. now owns 4,342 shares of the company’s stock worth $345,000 after buying an additional 2,000 shares in the last quarter. 92.19% of the stock is owned by institutional investors.
About Energizer Holdings
Edgewell Personal Care Company is a manufacturer and marketer of personal care products in the wet shave, sun and skin care, feminine care and infant care categories. As of September 30, 2016, the Company had a portfolio of over 25 brands. It manages its business in four segments: Wet Shave, Sun and Skin Care, Feminine Care and All Other.
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