Energizer Holdings, Inc. to Post Q2 2018 Earnings of $0.52 Per Share, KeyCorp Forecasts (NYSE:ENR)
Energizer Holdings, Inc. (NYSE:ENR) – Stock analysts at KeyCorp dropped their Q2 2018 earnings per share (EPS) estimates for Energizer Holdings in a research note issued on Wednesday. KeyCorp analyst J. Gere now anticipates that the company will earn $0.52 per share for the quarter, down from their previous forecast of $0.53. KeyCorp has a “Overweight” rating and a $55.00 price target on the stock. KeyCorp also issued estimates for Energizer Holdings’ FY2018 earnings at $2.00 EPS.
Energizer Holdings (NYSE:ENR) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.06. The firm had revenue of $372 million for the quarter, compared to analyst estimates of $390.88 million. Energizer Holdings had a net margin of 10.97% and a return on equity of 529.84%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.32 EPS.
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ENR has been the topic of a number of other research reports. Jefferies Group LLC restated a “hold” rating and set a $54.00 target price (down previously from $62.00) on shares of Energizer Holdings in a research report on Thursday, July 6th. Morgan Stanley downgraded shares of Energizer Holdings from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $58.00 to $61.00 in a research note on Wednesday, April 19th. They noted that the move was a valuation call. Deutsche Bank AG cut their price target on shares of Energizer Holdings from $55.00 to $49.00 and set a “buy” rating on the stock in a research note on Thursday. Royal Bank Of Canada cut their price target on shares of Energizer Holdings from $57.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, May 5th. Finally, BidaskClub downgraded shares of Energizer Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, June 29th. One research analyst has rated the stock with a sell rating, three 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 a consensus target price of $53.86.
Shares of Energizer Holdings (ENR) opened at 41.19 on Monday. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 13.68 and a beta of 0.57. The stock’s 50 day moving average is $48.23 and its 200 day moving average is $52.90. Energizer Holdings has a 52-week low of $40.98 and a 52-week high of $60.07.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Monday, August 21st will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend is Thursday, August 17th. Energizer Holdings’s dividend payout ratio is currently 36.54%.
Institutional investors have recently bought and sold shares of the company. Creative Planning increased its position in 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 in the last quarter. LS Investment Advisors LLC increased its position in 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 in the last quarter. Alps Advisors Inc. increased its position in Energizer Holdings by 0.3% in the second quarter. Alps Advisors Inc. now owns 8,657 shares of the company’s stock worth $416,000 after buying an additional 22 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in 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 in the last quarter. Finally, Teacher Retirement System of Texas increased its position in Energizer Holdings by 3.0% in the second quarter. Teacher Retirement System of Texas now owns 4,960 shares of the company’s stock worth $238,000 after buying an additional 144 shares in the last quarter. 91.69% of the stock is currently 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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