Energizer Holdings, Inc. (ENR) Expected to Announce Quarterly Sales of $436.35 Million
Brokerages predict that Energizer Holdings, Inc. (NYSE:ENR) will announce sales of $436.35 million for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Energizer Holdings’ earnings, with estimates ranging from $426.90 million to $452.60 million. Energizer Holdings reported sales of $432.40 million in the same quarter last year, which would suggest a positive year over year growth rate of 0.9%. The business is scheduled to issue its next earnings results before the market opens on Wednesday, November 8th.
According to Zacks, analysts expect that Energizer Holdings will report full-year sales of $436.35 million for the current financial year, with estimates ranging from $1.72 billion to $1.74 billion. For the next fiscal year, analysts expect that the company will post sales of $1.74 billion per share, with estimates ranging from $1.71 billion to $1.77 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Energizer Holdings.
Several brokerages have recently weighed in on ENR. Off Wall Street began coverage on shares of Energizer Holdings in a research note on Monday, October 30th. They issued a “sell” rating on the stock. Zacks Investment Research upgraded shares of Energizer Holdings from a “hold” rating to a “strong-buy” rating and set a $55.00 price objective on the stock in a research note on Tuesday, October 17th. KeyCorp set a $55.00 price objective on shares of Energizer Holdings and gave the stock a “buy” rating in a research note on Monday, October 16th. Citigroup Inc. reiterated a “buy” rating and issued a $54.00 price objective on shares of Energizer Holdings in a research note on Wednesday, August 23rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $60.00 price objective on shares of Energizer Holdings in a research note on Wednesday, August 16th. Two investment analysts have 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 stock. The company presently has an average rating of “Hold” and an average target price of $54.13.
In related news, CFO Timothy W. Gorman acquired 5,500 shares of the business’s stock in a transaction on Friday, August 18th. The stock was acquired at an average cost of $41.43 per share, with a total value of $227,865.00. Following the acquisition, the chief financial officer now directly owns 14,674 shares in the company, valued at approximately $607,943.82. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Timothy W. Gorman acquired 6,300 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were bought at an average cost of $42.26 per share, with a total value of $266,238.00. Following the completion of the acquisition, the chief financial officer now owns 20,974 shares in the company, valued at $886,361.24. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 23,912 shares of company stock worth $994,086. 1.73% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Airain ltd grew its holdings in Energizer Holdings by 107.1% during the 2nd quarter. Airain ltd now owns 30,180 shares of the company’s stock valued at $1,449,000 after buying an additional 15,604 shares in the last quarter. BlackRock Inc. grew its holdings in Energizer Holdings by 12,028.5% during the 1st quarter. BlackRock Inc. now owns 5,258,322 shares of the company’s stock valued at $293,151,000 after buying an additional 5,214,967 shares in the last quarter. Blue Rock Advisors LLC grew its holdings in Energizer Holdings by 275.0% during the 2nd quarter. Blue Rock Advisors LLC now owns 30,000 shares of the company’s stock valued at $1,440,000 after buying an additional 22,000 shares in the last quarter. Sei Investments Co. grew its holdings in Energizer Holdings by 34.8% during the 2nd quarter. Sei Investments Co. now owns 75,192 shares of the company’s stock valued at $3,610,000 after buying an additional 19,400 shares in the last quarter. Finally, Timpani Capital Management LLC purchased a new stake in Energizer Holdings during the 2nd quarter valued at approximately $1,059,000. 92.86% of the stock is owned by institutional investors and hedge funds.
Energizer Holdings (ENR) opened at $41.84 on Tuesday. Energizer Holdings has a one year low of $40.98 and a one year high of $60.07. The company has a quick ratio of 1.35, a current ratio of 1.94 and a debt-to-equity ratio of 11.26. The firm has a market cap of $2,598.79, a P/E ratio of 14.09, a PEG ratio of 1.40 and a beta of 0.55.
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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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