SunTrust Banks Analysts Increase Earnings Estimates for Energizer Holdings Inc (ENR)
Energizer Holdings Inc (NYSE:ENR) – Equities researchers at SunTrust Banks boosted their FY2018 earnings per share estimates for Energizer in a research report issued on Monday. SunTrust Banks analyst W. Chappell now anticipates that the company will earn $3.26 per share for the year, up from their previous forecast of $3.05.
Energizer (NYSE:ENR) last issued its earnings results on Wednesday, November 8th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. The business had revenue of $465.00 million during the quarter, compared to analyst estimates of $437.36 million. Energizer had a return on equity of 291.65% and a net margin of 11.48%. Energizer’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 earnings per share.
Other analysts have also recently issued research reports about the company. Deutsche Bank upgraded Energizer from a “hold” rating to a “buy” rating and decreased their target price for the stock from $50.00 to $49.00 in a report on Thursday, January 4th. KeyCorp set a $55.00 target price on Energizer and gave the stock a “buy” rating in a report on Saturday, November 25th. Zacks Investment Research cut Energizer from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Citigroup decreased their target price on Energizer from $54.00 to $52.00 and set a “buy” rating on the stock in a report on Friday, November 10th. Finally, Morgan Stanley decreased their target price on Energizer from $53.00 to $50.00 and set an “equal weight” rating on the stock in a report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $51.88.
Energizer (NYSE ENR) traded down $0.17 during trading on Tuesday, reaching $51.42. The company’s stock had a trading volume of 896,700 shares, compared to its average volume of 1,052,220. The company has a quick ratio of 1.21, a current ratio of 1.75 and a debt-to-equity ratio of 11.50. Energizer has a 1 year low of $40.64 and a 1 year high of $60.07. The firm has a market capitalization of $3,089.37, a price-to-earnings ratio of 15.97, a P/E/G ratio of 2.36 and a beta of 0.59.
A number of institutional investors have recently bought and sold shares of ENR. Schwab Charles Investment Management Inc. boosted its holdings in Energizer by 11.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 477,194 shares of the company’s stock valued at $22,915,000 after acquiring an additional 49,380 shares during the last quarter. Legal & General Group Plc boosted its holdings in Energizer by 18.5% in the second quarter. Legal & General Group Plc now owns 48,670 shares of the company’s stock valued at $2,337,000 after acquiring an additional 7,598 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Energizer by 7.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,412 shares of the company’s stock valued at $116,000 after acquiring an additional 169 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Energizer by 59.9% in the second quarter. Principal Financial Group Inc. now owns 413,792 shares of the company’s stock valued at $19,870,000 after acquiring an additional 154,990 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in Energizer by 1.5% in the second quarter. Swiss National Bank now owns 103,525 shares of the company’s stock valued at $4,971,000 after acquiring an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Investors of record on Thursday, November 30th were issued a $0.29 dividend. This is a boost from Energizer’s previous quarterly dividend of $0.28. The ex-dividend date was Wednesday, November 29th. This represents a $1.16 annualized dividend and a yield of 2.26%. Energizer’s dividend payout ratio (DPR) is currently 36.02%.
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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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