Brokers Offer Predictions for Energizer Holdings, Inc.’s Q1 2018 Earnings (ENR)
Energizer Holdings, Inc. (NYSE:ENR) – Stock analysts at SunTrust Banks dropped their Q1 2018 earnings per share (EPS) estimates for shares of Energizer Holdings in a research report issued to clients and investors on Thursday. SunTrust Banks analyst W. Chappell now expects that the company will post earnings of $1.53 per share for the quarter, down from their previous forecast of $1.56. SunTrust Banks also issued estimates for Energizer Holdings’ FY2019 earnings at $3.30 EPS.
ENR has been the topic of several other research reports. UBS AG reissued a “neutral” rating and set a $47.00 price target (down previously from $49.00) on shares of Energizer Holdings in a research report on Wednesday, August 9th. Jefferies Group LLC reissued a “hold” rating and set a $54.00 price target (down previously from $62.00) on shares of Energizer Holdings in a research report on Thursday, July 6th. Royal Bank Of Canada reissued an “outperform” rating and set a $60.00 price target on shares of Energizer Holdings in a research report on Wednesday, August 16th. KeyCorp raised shares of Energizer Holdings from a “sector weight” rating to an “overweight” rating and set a $55.00 price target on the stock in a research report on Tuesday, July 18th. Finally, Zacks Investment Research cut shares of Energizer Holdings from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $53.86.
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Energizer Holdings (NYSE ENR) traded up 1.50% on Monday, reaching $41.86. 184,998 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $44.92 and a 200-day moving average of $52.04. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of 13.90 and a beta of 0.57. Energizer Holdings has a one year low of $40.98 and a one year high of $60.07.
Energizer Holdings (NYSE:ENR) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $390.88 million. During the same quarter last year, the business posted $0.32 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis.
Hedge funds have recently added to or reduced their stakes in the company. Creative Planning raised its stake in 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 stake in Energizer Holdings during the first quarter worth $114,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Energizer Holdings by 7.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,412 shares of the company’s stock worth $116,000 after buying an additional 169 shares during the last quarter. IFP Advisors Inc raised its stake in 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. Finally, Oppenheimer Asset Management Inc. raised its stake in Energizer Holdings by 149.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 3,460 shares of the company’s stock worth $166,000 after buying an additional 2,071 shares during the last quarter. Hedge funds and other institutional investors own 92.51% of the company’s stock.
In other news, Director Robert V. Vitale bought 7,300 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were purchased at an average cost of $41.61 per share, for a total transaction of $303,753.00. Following the completion of the purchase, the director now owns 2,300 shares of the company’s stock, valued at $95,703. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Alan R. Hoskins bought 12,112 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The shares were purchased at an average price of $41.28 per share, for a total transaction of $499,983.36. Following the completion of the purchase, the chief executive officer now directly owns 98,887 shares of the company’s stock, valued at approximately $4,082,055.36. The disclosure for this purchase can be found here. Insiders have bought 24,912 shares of company stock worth $1,031,601 in the last three months. Corporate insiders own 1.73% 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 given a dividend of $0.275 per share. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $1.10 annualized dividend and a dividend yield of 2.67%. Energizer Holdings’s dividend payout ratio is presently 36.54%.
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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