Jefferies Group Equities Analysts Cut Earnings Estimates for Energizer Holdings, Inc. (NYSE:ENR)
Energizer Holdings, Inc. (NYSE:ENR) – Investment analysts at Jefferies Group cut their FY2018 earnings per share (EPS) estimates for shares of Energizer Holdings in a research note issued on Wednesday. Jefferies Group analyst K. Grundy now anticipates that the company will post earnings of $2.95 per share for the year, down from their previous estimate of $3.01. Jefferies Group currently has a “Hold” rating and a $52.00 target price on the stock. Jefferies Group also issued estimates for Energizer Holdings’ FY2019 earnings at $3.07 EPS.
Other research analysts have also recently issued reports about the company. Deutsche Bank AG cut their price objective on Energizer Holdings from $55.00 to $49.00 and set a “buy” rating for the company in a report on Thursday. Royal Bank Of Canada reissued a “buy” rating on shares of Energizer Holdings in a report on Tuesday, July 18th. Zacks Investment Research raised Energizer Holdings from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Monday, July 10th. Morgan Stanley cut Energizer Holdings from an “overweight” rating to an “equal weight” rating and lifted their price objective 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, UBS AG reissued a “neutral” rating and set a $47.00 price objective (down from $49.00) on shares of Energizer Holdings in a report on Thursday. One equities 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 company’s stock. The company has an average rating of “Hold” and an average price target of $53.86.
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Shares of Energizer Holdings (NYSE ENR) opened at 41.19 on Monday. The firm has a market capitalization of $2.55 billion, a PE ratio of 13.68 and a beta of 0.57. Energizer Holdings has a one year low of $40.98 and a one year high of $60.07. The firm’s 50 day moving average is $48.23 and its 200-day moving average is $52.90.
Energizer Holdings (NYSE:ENR) last issued its earnings results on Wednesday, August 2nd. The company reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.06. The company had revenue of $372 million for the quarter, compared to analysts’ expectations of $390.88 million. Energizer Holdings had a net margin of 10.97% and a return on equity of 529.84%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.32 earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Monday, August 21st will be issued a $0.275 dividend. The ex-dividend date is Thursday, August 17th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.67%. Energizer Holdings’s dividend payout ratio is 36.54%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS Asset Management Americas Inc. boosted its position in Energizer Holdings by 10.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 66,773 shares of the company’s stock worth $2,978,000 after buying an additional 6,445 shares in the last quarter. Teachers Advisors LLC boosted its position in Energizer Holdings by 4.3% in the fourth quarter. Teachers Advisors LLC now owns 71,863 shares of the company’s stock worth $3,206,000 after buying an additional 2,931 shares in the last quarter. Creative Planning boosted 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. Capstone Asset Management Co. boosted its position in 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 in the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in Energizer Holdings during the first quarter worth about $290,000. 91.69% of the stock is owned by institutional investors and hedge funds.
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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