Q3 2017 EPS Estimates for Energizer Holdings, Inc. Increased by Jefferies Group (ENR)
Energizer Holdings, Inc. (NYSE:ENR) – Jefferies Group increased their Q3 2017 EPS estimates for Energizer Holdings in a research note issued to investors on Thursday. Jefferies Group analyst K. Grundy now expects that the company will post earnings of $0.40 per share for the quarter, up from their previous forecast of $0.39. Jefferies Group has a “Hold” rating and a $54.00 price objective on the stock. Jefferies Group also issued estimates for Energizer Holdings’ FY2017 earnings at $2.86 EPS, FY2018 earnings at $3.01 EPS and FY2019 earnings at $3.26 EPS.
ENR has been the topic of several other reports. Royal Bank of Canada restated a “buy” rating and issued a $57.00 price objective on shares of Energizer Holdings in a report on Friday, March 24th. Morgan Stanley lowered shares of Energizer Holdings from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $58.00 to $61.00 in a report on Wednesday, April 19th. They noted that the move was a valuation call. BidaskClub lowered shares of Energizer Holdings from a “hold” rating to a “sell” rating in a report on Thursday, June 29th. Finally, Zacks Investment Research lowered shares of Energizer Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, April 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $57.57.
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Shares of Energizer Holdings (NYSE:ENR) opened at 47.25 on Monday. The firm has a market capitalization of $2.92 billion, a PE ratio of 15.72 and a beta of 0.61. The company has a 50 day moving average of $52.04 and a 200 day moving average of $52.61. Energizer Holdings has a 52-week low of $41.97 and a 52-week high of $60.07.
Energizer Holdings (NYSE:ENR) last released its earnings results on Wednesday, May 3rd. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.16. Energizer Holdings had a net margin of 11.00% and a return on equity of 1,405.85%. The business had revenue of $359 million for the quarter, compared to analysts’ expectations of $366.66 million. During the same period last year, the company earned $0.30 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis.
A number of large investors have recently made changes to their positions in the company. Creative Planning increased 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. Acrospire Investment Management LLC acquired a new stake in shares of Energizer Holdings during the first quarter valued at $114,000. Financial Counselors Inc. acquired a new stake in shares of Energizer Holdings during the first quarter valued at $201,000. World Asset Management Inc acquired a new stake in shares of Energizer Holdings during the first quarter valued at $221,000. Finally, United Capital Financial Advisers LLC increased 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. 91.87% of the stock is currently owned by hedge funds and other institutional investors.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 14th. Investors of record on Monday, May 22nd were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.33%. The ex-dividend date was Thursday, May 18th. Energizer Holdings’s payout ratio is currently 36.67%.
About Energizer Holdings
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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