$587.18 Million in Sales Expected for Energizer Holdings, Inc. (EPC) This Quarter
Wall Street analysts expect that Energizer Holdings, Inc. (NYSE:EPC) will announce sales of $587.18 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Energizer Holdings’ earnings. The lowest sales estimate is $584.50 million and the highest is $590.40 million. Energizer Holdings reported sales of $610.60 million during the same quarter last year, which indicates a negative year over year growth rate of 3.8%. The company is expected to announce its next earnings report on Thursday, November 9th.
According to Zacks, analysts expect that Energizer Holdings will report full year sales of $587.18 million for the current financial year. For the next financial year, analysts expect that the business will post sales of $2.34 billion per share, with estimates ranging from $2.27 billion to $2.37 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Energizer Holdings.
Energizer Holdings (NYSE:EPC) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.31. Energizer Holdings had a net margin of 8.80% and a return on equity of 12.71%. The business had revenue of $637.50 million for the quarter, compared to analyst estimates of $648.13 million. During the same quarter last year, the business posted $0.66 EPS. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis.
A number of equities analysts have commented on EPC shares. TheStreet raised shares of Energizer Holdings from a “c” rating to a “b” rating in a research note on Thursday, June 22nd. Societe Generale raised shares of Energizer Holdings from a “hold” rating to a “buy” rating and boosted their price target for the stock from $83.00 to $90.00 in a research note on Thursday, June 22nd. Zacks Investment Research raised shares of Energizer Holdings from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Tuesday, July 4th. Citigroup Inc. cut their price target on shares of Energizer Holdings from $91.00 to $86.00 and set a “buy” rating for the company in a research note on Wednesday, May 31st. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $105.00 price objective on shares of Energizer Holdings in a research note on Sunday, July 16th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Energizer Holdings presently has a consensus rating of “Hold” and a consensus target price of $85.22.
A number of large investors have recently bought and sold shares of EPC. Daiwa Securities Group Inc. raised its holdings in Energizer Holdings by 28.6% in the 1st quarter. Daiwa Securities Group Inc. now owns 1,800 shares of the company’s stock worth $132,000 after purchasing an additional 400 shares in the last quarter. Creative Planning raised its holdings in Energizer Holdings by 0.9% in the 2nd quarter. Creative Planning now owns 2,007 shares of the company’s stock worth $153,000 after purchasing an additional 18 shares in the last quarter. Parametrica Management Ltd bought a new position in Energizer Holdings in the 2nd quarter worth $201,000. GABELLI & Co INVESTMENT ADVISERS INC. raised its holdings in Energizer Holdings by 6.9% in the 2nd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 3,100 shares of the company’s stock worth $236,000 after purchasing an additional 200 shares in the last quarter. Finally, Bayesian Capital Management LP bought a new position in Energizer Holdings in the 2nd quarter worth $240,000. Institutional investors own 89.38% of the company’s stock.
Shares of Energizer Holdings (NYSE:EPC) traded up 1.19% during mid-day trading on Monday, reaching $74.21. 149,786 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $73.98 and a 200 day moving average price of $73.83. Energizer Holdings has a 52-week low of $69.63 and a 52-week high of $84.45. The firm has a market cap of $4.23 billion, a P/E ratio of 20.89 and a beta of 0.97.
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Energizer Holdings Company Profile
Edgewell Personal Care Company is a manufacturer and marketer of personal care products in the wet shave, sun and skin care, feminine care and infant care categories. As of September 30, 2016, the Company had a portfolio of over 25 brands. It manages its business in four segments: Wet Shave, Sun and Skin Care, Feminine Care and All Other.
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