Energizer Holdings Inc (ENR) to Post Q1 2019 Earnings of $1.43 Per Share, Jefferies Financial Group Forecasts
Energizer Holdings Inc (NYSE:ENR) – Jefferies Financial Group issued their Q1 2019 earnings per share (EPS) estimates for Energizer in a research report issued on Monday, November 19th. Jefferies Financial Group analyst K. Grundy expects that the company will post earnings per share of $1.43 for the quarter. Jefferies Financial Group currently has a “Buy” rating and a $80.00 target price on the stock. Jefferies Financial Group also issued estimates for Energizer’s Q3 2019 earnings at $0.74 EPS and Q4 2019 earnings at $1.02 EPS.
A number of other equities analysts have also recently weighed in on ENR. Morgan Stanley lifted their price target on Energizer from $63.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 2nd. Deutsche Bank lifted their price target on Energizer from $64.00 to $68.00 and gave the stock a “hold” rating in a research note on Thursday, August 16th. ValuEngine cut Energizer from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th. Zacks Investment Research raised Energizer from a “sell” rating to a “hold” rating in a research note on Tuesday, November 13th. Finally, Bank of America cut Energizer from a “buy” rating to an “underperform” rating in a research note on Friday, November 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $65.30.
Energizer (NYSE:ENR) last released its earnings results on Thursday, November 15th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.02. The firm had revenue of $457.20 million for the quarter, compared to analyst estimates of $459.64 million. Energizer had a return on equity of 549.70% and a net margin of 5.20%. Energizer’s revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.54 earnings per share.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Morgan Stanley boosted its position in Energizer by 35.1% during the 3rd quarter. Morgan Stanley now owns 410,272 shares of the company’s stock worth $24,062,000 after acquiring an additional 106,484 shares during the period. Teachers Advisors LLC boosted its position in Energizer by 7.4% during the 3rd quarter. Teachers Advisors LLC now owns 198,999 shares of the company’s stock worth $11,671,000 after acquiring an additional 13,688 shares during the period. Glenmede Trust Co. NA boosted its position in Energizer by 125.8% during the 3rd quarter. Glenmede Trust Co. NA now owns 40,169 shares of the company’s stock worth $2,355,000 after acquiring an additional 22,376 shares during the period. AQR Capital Management LLC boosted its position in Energizer by 204.9% during the 3rd quarter. AQR Capital Management LLC now owns 244,793 shares of the company’s stock worth $14,666,000 after acquiring an additional 164,518 shares during the period. Finally, Putnam Investments LLC boosted its position in Energizer by 118.5% during the 3rd quarter. Putnam Investments LLC now owns 143,546 shares of the company’s stock worth $8,419,000 after acquiring an additional 77,840 shares during the period. Hedge funds and other institutional investors own 93.05% of the company’s stock.
In other Energizer news, Director Robert V. Vitale acquired 4,160 shares of the firm’s stock in a transaction on Monday, November 19th. The stock was purchased at an average cost of $47.89 per share, for a total transaction of $199,222.40. Following the transaction, the director now owns 6,460 shares of the company’s stock, valued at approximately $309,369.40. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Bill G. Armstrong sold 1,000 shares of the firm’s stock in a transaction dated Friday, October 12th. The stock was sold at an average price of $58.81, for a total value of $58,810.00. Following the sale, the director now owns 24,387 shares of the company’s stock, valued at $1,434,199.47. The disclosure for this sale can be found here. Insiders have sold a total of 3,000 shares of company stock valued at $180,570 over the last 90 days. Corporate insiders own 1.79% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Friday, November 30th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 29th. This is a positive change from Energizer’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a yield of 2.58%. Energizer’s dividend payout ratio (DPR) is presently 34.42%.
Energizer Company Profile
Energizer Holdings, Inc, together with its subsidiaries, manufactures, markets, and distributes household batteries, specialty batteries, and lighting products worldwide. It offers lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide batteries under the Energizer and Eveready brands, as well as primary, rechargeable, specialty, and hearing aid products.
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