Energizer Holdings Rating Lowered to Neutral at Zacks (ENR)
Energizer Holdings (NYSE:ENR) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Monday, Stock Ratings Network.com reports. They currently have a $102.00 target price on the stock. Zacks‘ target price indicates a potential upside of 4.91% from the stock’s previous close.
Zacks‘ analyst wrote, “Energizer started fiscal 2014 on a dismal note. Not only did the company miss the Zacks Consensus Estimate on both lines but also guided lower. Management toned down earnings per share guidance by $0.25 citing weakness in both household products and personal care segment. Although the newly acquired feminine brands from Johnson & Johnson will somewhat boost the top line, intensifying competition, pricing pressure and retail shelf loss will negatively affect top-line growth in 2014. Higher advertising & promotion expenses coupled with additional restructuring charges will also hurt profitability, going forward. Thus, we downgrade Energizer from Outperform to Neutral and set a price target of $102.00. “
A number of other firms have also recently commented on ENR. Analysts at Citigroup Inc. upgraded shares of Energizer Holdings to a “focus list” rating in a research note on Thursday. Separately, analysts at BMO Capital Markets cut their price target on shares of Energizer Holdings from $100.00 to $95.00 in a research note on Friday, January 31st. Finally, analysts at Jefferies Group cut their price target on shares of Energizer Holdings to $95.00 in a research note on Thursday, January 30th. They now have a “hold” rating on the stock. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $110.25.
Energizer Holdings (NYSE:ENR) traded up 0.98% on Monday, hitting $97.23. 729,894 shares of the company’s stock traded hands. Energizer Holdings has a 52-week low of $89.52 and a 52-week high of $113.16. The stock’s 50-day moving average is $101.6 and its 200-day moving average is $100.6. The company has a market cap of $6.091 billion and a P/E ratio of 15.75.
Energizer Holdings (NYSE:ENR) last released its earnings data on Wednesday, January 29th. The company reported $2.10 earnings per share for the quarter, missing the analysts’ consensus estimate of $2.14 by $0.04. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the company posted $2.20 earnings per share. Energizer Holdings’s revenue was down 6.6% compared to the same quarter last year. Analysts expect that Energizer Holdings will post $7.08 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, March 12th. Investors of record on Thursday, February 20th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Tuesday, February 18th.
Energizer Holdings, Inc (NYSE:ENR) is a manufacturers and marketers of primary batteries, portable lighting and personal care products in the wet shave, skin care, feminine care and infant care categories.
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