Gabelli Equities Analysts Cut Earnings Estimates for Energizer Holdings Inc (ENR)

Energizer Holdings Inc (NYSE:ENR) – Equities research analysts at Gabelli cut their FY2019 earnings per share estimates for Energizer in a research report issued to clients and investors on Wednesday. Gabelli analyst S. Donnelly now expects that the company will post earnings of $3.25 per share for the year, down from their prior forecast of $3.30. Gabelli also issued estimates for Energizer’s FY2020 earnings at $3.45 EPS.

Energizer (NYSE:ENR) last announced its earnings results on Wednesday, November 8th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.06. Energizer had a return on equity of 291.65% and a net margin of 11.48%. The firm had revenue of $465.00 million during the quarter, compared to analyst estimates of $437.36 million. During the same quarter in the prior year, the company earned $0.54 EPS. The business’s revenue was up 7.5% compared to the same quarter last year.

Several other brokerages have also issued reports on ENR. SunTrust Banks increased their target price on Energizer to $70.00 and gave the stock a “buy” rating in a research report on Wednesday. Citigroup lowered Energizer from a “buy” rating to a “neutral” rating and increased their target price for the stock from $52.00 to $64.00 in a research report on Wednesday. KeyCorp reissued a “buy” rating and issued a $64.00 target price (up previously from $55.00) on shares of Energizer in a research report on Wednesday. Zacks Investment Research lowered Energizer from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Deutsche Bank raised Energizer from a “hold” rating to a “buy” rating and decreased their target price for the stock from $50.00 to $49.00 in a research report on Thursday, January 4th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $56.56.

Shares of Energizer (ENR) traded down $0.49 during trading hours on Friday, hitting $54.33. The stock had a trading volume of 875,689 shares, compared to its average volume of 1,470,215. Energizer has a 12-month low of $40.64 and a 12-month high of $62.86. The company has a market cap of $3,416.93, a price-to-earnings ratio of 16.87, a P/E/G ratio of 2.54 and a beta of 0.59. The company has a debt-to-equity ratio of 11.50, a current ratio of 1.75 and a quick ratio of 1.21.

A number of hedge funds have recently bought and sold shares of ENR. BlackRock Inc. increased its position in Energizer by 29.7% during the 2nd quarter. BlackRock Inc. now owns 6,819,769 shares of the company’s stock valued at $327,486,000 after buying an additional 1,561,447 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its position in Energizer by 77.6% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,975,498 shares of the company’s stock valued at $90,972,000 after buying an additional 863,371 shares in the last quarter. American Century Companies Inc. increased its position in Energizer by 425.5% during the 3rd quarter. American Century Companies Inc. now owns 641,214 shares of the company’s stock valued at $29,528,000 after buying an additional 519,184 shares in the last quarter. Deprince Race & Zollo Inc. bought a new position in Energizer during the 3rd quarter valued at approximately $23,581,000. Finally, Neuberger Berman Group LLC boosted its stake in Energizer by 11.3% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,993,563 shares of the company’s stock valued at $137,854,000 after purchasing an additional 304,730 shares during the last quarter.

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About Energizer

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.

Earnings History and Estimates for Energizer (NYSE:ENR)

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