Energizer Holdings, Inc. (ENR) Given Consensus Rating of “Hold” by Analysts
Shares of Energizer Holdings, Inc. (NYSE:ENR) have been given an average recommendation of “Hold” by the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $54.00.
Several equities research analysts recently weighed in on ENR shares. Deutsche Bank AG restated a “hold” rating and set a $55.00 price target (down from $62.00) on shares of Energizer Holdings in a research report on Saturday, July 22nd. Royal Bank Of Canada dropped their price target on Energizer Holdings from $57.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, May 5th. Zacks Investment Research upgraded Energizer Holdings from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Monday, July 10th. BidaskClub lowered Energizer Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, June 29th. Finally, Citigroup Inc. restated a “buy” rating and set a $54.00 price target on shares of Energizer Holdings in a research report on Wednesday, August 23rd.
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Shares of Energizer Holdings (ENR) traded down 0.21% during mid-day trading on Tuesday, hitting $43.74. 856,658 shares of the company were exchanged. Energizer Holdings has a 12-month low of $40.98 and a 12-month high of $60.07. The firm has a 50 day moving average of $44.47 and a 200 day moving average of $51.78. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 14.52 and a beta of 0.57.
Energizer Holdings (NYSE:ENR) last issued its quarterly earnings data 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 firm had revenue of $372 million for the quarter, compared to analyst estimates of $390.88 million. Energizer Holdings had a return on equity of 529.84% and a net margin of 10.97%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company earned $0.32 EPS. Equities research analysts forecast that Energizer Holdings will post $2.90 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Monday, August 21st will be given a dividend of $0.275 per share. The ex-dividend date is Thursday, August 17th. This represents a $1.10 annualized dividend and a dividend yield of 2.51%. Energizer Holdings’s dividend payout ratio is presently 36.54%.
In related news, CEO Alan R. Hoskins acquired 12,112 shares of the stock in a transaction on Monday, August 21st. The stock was acquired at an average price of $41.28 per share, for a total transaction of $499,983.36. Following the completion of the purchase, the chief executive officer now owns 98,887 shares of the company’s stock, valued at $4,082,055.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Timothy W. Gorman acquired 6,300 shares of the stock in a transaction on Tuesday, August 22nd. The shares were bought at an average price of $42.26 per share, with a total value of $266,238.00. Following the purchase, the chief financial officer now directly owns 20,974 shares of the company’s stock, valued at approximately $886,361.24. The disclosure for this purchase can be found here. Insiders have acquired 31,212 shares of company stock valued at $1,297,839 in the last quarter. 1.73% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its position in shares of Energizer Holdings by 28.2% in the first quarter. Bank of America Corp DE now owns 1,525,675 shares of the company’s stock worth $85,056,000 after buying an additional 336,062 shares during the last quarter. BlackRock Inc. boosted its position in shares of Energizer Holdings by 12,028.5% in the first quarter. BlackRock Inc. now owns 5,258,322 shares of the company’s stock worth $293,151,000 after buying an additional 5,214,967 shares during the last quarter. Tudor Investment Corp ET AL bought a new position in shares of Energizer Holdings during the first quarter worth about $1,168,000. UBS Group AG boosted its position in shares of Energizer Holdings by 11.0% in the first quarter. UBS Group AG now owns 12,245 shares of the company’s stock worth $683,000 after buying an additional 1,210 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Energizer Holdings by 2.1% in the first quarter. Arizona State Retirement System now owns 25,800 shares of the company’s stock worth $1,438,000 after buying an additional 535 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.
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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