Energizer Holdings, Inc. (ENR) Given Consensus Rating of “Buy” by Analysts
Shares of Energizer Holdings, Inc. (NYSE:ENR) have received an average recommendation of “Buy” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $58.43.
ENR has been the subject of a number of analyst reports. Royal Bank Of Canada reduced their price target on Energizer Holdings from $57.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, May 5th. Zacks Investment Research downgraded Energizer Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, April 4th. Morgan Stanley downgraded Energizer Holdings from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $58.00 to $61.00 in a report on Wednesday, April 19th. They noted that the move was a valuation call. Finally, Jefferies Group LLC increased their price target on Energizer Holdings from $54.00 to $60.00 and gave the company a “hold” rating in a report on Wednesday, April 19th.
Energizer Holdings (NYSE:ENR) last issued its quarterly earnings results on Wednesday, May 3rd. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.16. The firm had revenue of $359 million during the quarter, compared to the consensus estimate of $366.66 million. Energizer Holdings had a return on equity of 1,405.85% and a net margin of 11.00%. Energizer Holdings’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.30 earnings per share.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 14th. Shareholders of record on Monday, May 22nd will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Thursday, May 18th. Energizer Holdings’s payout ratio is currently 36.67%.
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A number of hedge funds have recently made changes to their positions in ENR. Creative Planning boosted its stake in shares of Energizer Holdings by 0.4% in the first quarter. Creative Planning now owns 1,999 shares of the company’s stock valued at $111,000 after buying an additional 7 shares during the last quarter. LS Investment Advisors LLC boosted its stake in shares of Energizer Holdings by 0.5% in the first quarter. LS Investment Advisors LLC now owns 4,272 shares of the company’s stock valued at $238,000 after buying an additional 21 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Energizer Holdings by 0.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 10,673 shares of the company’s stock valued at $595,000 after buying an additional 33 shares during the last quarter. Freestone Capital Holdings LLC boosted its stake in shares of Energizer Holdings by 0.4% in the fourth quarter. Freestone Capital Holdings LLC now owns 18,834 shares of the company’s stock valued at $840,000 after buying an additional 70 shares during the last quarter. Finally, United Capital Financial Advisers LLC boosted its stake in shares of Energizer Holdings by 2.8% in the fourth quarter. United Capital Financial Advisers LLC now owns 5,049 shares of the company’s stock valued at $225,000 after buying an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 92.93% of the company’s stock.
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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