Energizer Holdings, Inc. Expected to Post FY2017 Earnings of $2.94 Per Share (ENR)
Energizer Holdings, Inc. (NYSE:ENR) – Jefferies Group upped their FY2017 earnings per share (EPS) estimates for shares of Energizer Holdings in a research report issued on Thursday. Jefferies Group analyst K. Grundy now anticipates that the company will post earnings per share of $2.94 for the year, up from their previous forecast of $2.90. Jefferies Group has a “Hold” rating and a $52.00 price target on the stock. Jefferies Group also issued estimates for Energizer Holdings’ Q4 2017 earnings at $0.50 EPS.
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, beating analysts’ consensus estimates of $0.37 by $0.06. Energizer Holdings had a return on equity of 529.84% and a net margin of 10.97%. The company had revenue of $372.00 million for the quarter, compared to the consensus estimate of $390.88 million. During the same quarter last year, the company earned $0.32 earnings per share. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year.
Several other equities research analysts also recently weighed in on ENR. BidaskClub downgraded Energizer Holdings from a “hold” rating to a “sell” rating in a report on Thursday, June 29th. 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 report on Monday, July 10th. Royal Bank Of Canada restated a “buy” rating on shares of Energizer Holdings in a report on Tuesday, July 18th. KeyCorp upgraded Energizer Holdings from a “sector weight” rating to an “overweight” rating and set a $55.00 price target on the stock in a report on Tuesday, July 18th. Finally, Deutsche Bank AG restated a “hold” rating and set a $55.00 price target (down previously from $62.00) on shares of Energizer Holdings in a report on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $54.13.
Shares of Energizer Holdings (NYSE:ENR) opened at 45.53 on Monday. Energizer Holdings has a 12 month low of $40.98 and a 12 month high of $60.07. The company’s 50-day moving average price is $46.12 and its 200-day moving average price is $49.22. The company has a market cap of $2.82 billion, a P/E ratio of 15.12 and a beta of 0.60.
Large investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Energizer Holdings by 7.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,412 shares of the company’s stock worth $116,000 after acquiring an additional 169 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Energizer Holdings by 7.1% during the 2nd quarter. IFP Advisors Inc now owns 2,607 shares of the company’s stock worth $125,000 after acquiring an additional 172 shares in the last quarter. Creative Planning boosted its position in shares of Energizer Holdings by 30.9% during the 2nd quarter. Creative Planning now owns 2,617 shares of the company’s stock worth $126,000 after acquiring an additional 618 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Energizer Holdings by 149.1% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,460 shares of the company’s stock worth $166,000 after acquiring an additional 2,071 shares in the last quarter. Finally, Advisor Group Inc. boosted its position in shares of Energizer Holdings by 1.3% during the 2nd quarter. Advisor Group Inc. now owns 3,804 shares of the company’s stock worth $183,000 after acquiring an additional 50 shares in the last quarter. 93.90% of the stock is owned by institutional investors and hedge funds.
In other Energizer Holdings news, Director Robert V. Vitale acquired 7,300 shares of the stock in a transaction dated Friday, August 4th. The stock was acquired at an average cost of $41.61 per share, with a total value of $303,753.00. Following the transaction, the director now owns 2,300 shares in the company, valued at approximately $95,703. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Alan R. Hoskins acquired 12,112 shares of the stock in a transaction dated Monday, August 21st. The shares were acquired at an average cost of $41.28 per share, with a total value of $499,983.36. Following the completion of the transaction, the chief executive officer now owns 98,887 shares in the company, valued at approximately $4,082,055.36. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 31,212 shares of company stock valued at $1,297,839. Insiders own 1.73% 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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