KeyCorp Brokers Increase Earnings Estimates for Energizer Holdings, Inc. (ENR)
Energizer Holdings, Inc. (NYSE:ENR) – Analysts at KeyCorp upped their Q3 2017 earnings estimates for Energizer Holdings in a report released on Tuesday. KeyCorp analyst J. Gere now anticipates that the company will post earnings of $0.35 per share for the quarter, up from their previous forecast of $0.34. KeyCorp currently has a “Overweight” rating and a $55.00 price target on the stock. KeyCorp also issued estimates for Energizer Holdings’ Q3 2018 earnings at $0.41 EPS.
Energizer Holdings (NYSE:ENR) last posted its quarterly earnings data on Wednesday, May 3rd. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $359 million during the quarter, compared to the consensus estimate of $366.66 million. During the same period in the previous year, the firm posted $0.30 EPS. The firm’s revenue was up 7.5% compared to the same quarter last year.
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Other equities analysts have also recently issued reports about the stock. Jefferies Group LLC reaffirmed a “hold” rating and set a $54.00 target price (down from $62.00) on shares of Energizer Holdings in a research note on Thursday, July 6th. Zacks Investment Research cut shares of Energizer Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $60.00 target price on shares of Energizer Holdings in a research note on Thursday, June 8th. Morgan Stanley cut shares of Energizer Holdings from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $58.00 to $61.00 in a research note on Wednesday, April 19th. They noted that the move was a valuation call. Finally, BidaskClub cut shares of Energizer Holdings from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $55.88.
Shares of Energizer Holdings (ENR) opened at 47.40 on Friday. The company has a market capitalization of $2.93 billion, a P/E ratio of 15.77 and a beta of 0.61. The stock’s 50 day moving average is $49.53 and its 200-day moving average is $52.91. Energizer Holdings has a 12-month low of $41.97 and a 12-month high of $60.07.
Institutional investors have recently bought and sold shares of the stock. Creative Planning boosted its position in shares of Energizer Holdings by 0.4% in the first quarter. Creative Planning now owns 1,999 shares of the company’s stock worth $111,000 after buying an additional 7 shares during the last quarter. LS Investment Advisors LLC boosted its position 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 worth $238,000 after buying an additional 21 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its position 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 worth $595,000 after buying an additional 33 shares during the last quarter. Capstone Asset Management Co. boosted its position in shares of Energizer Holdings by 2.5% in the first quarter. Capstone Asset Management Co. now owns 6,642 shares of the company’s stock worth $370,000 after buying an additional 160 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Energizer Holdings by 3.1% in the first quarter. Envestnet Asset Management Inc. now owns 7,240 shares of the company’s stock worth $405,000 after buying an additional 215 shares during the last quarter. 91.89% of the stock is owned by institutional investors.
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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