Q1 2018 EPS Estimates for Energizer Holdings Inc Lifted by Analyst (ENR)

Energizer Holdings Inc (NYSE:ENR) – Research analysts at Jefferies Group increased their Q1 2018 earnings per share (EPS) estimates for Energizer in a report released on Thursday. Jefferies Group analyst K. Grundy now forecasts that the company will post earnings per share of $1.44 for the quarter, up from their prior estimate of $1.43. Jefferies Group currently has a “Hold” rating and a $47.00 price target on the stock. Jefferies Group also issued estimates for Energizer’s Q2 2018 earnings at $0.51 EPS, Q3 2018 earnings at $0.56 EPS, Q4 2018 earnings at $0.80 EPS and FY2018 earnings at $3.31 EPS.

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

ENR has been the subject of a number of other research reports. KeyCorp set a $55.00 price objective on shares of Energizer and gave the company a “buy” rating in a research report on Saturday, November 25th. Citigroup downgraded shares of Energizer from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $52.00 to $64.00 in a research report on Wednesday, January 17th. Morgan Stanley cut their price objective on shares of Energizer from $53.00 to $50.00 and set an “equal weight” rating for the company in a research report on Thursday, November 9th. Zacks Investment Research raised shares of Energizer from a “hold” rating to a “strong-buy” rating and set a $55.00 price objective for the company in a research report on Tuesday, October 17th. Finally, Deutsche Bank raised shares of Energizer from a “hold” rating to a “buy” rating and cut their price objective for the company from $50.00 to $49.00 in a research report on Thursday, January 4th. Two research 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’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $56.56.

Shares of Energizer (NYSE ENR) opened at $55.12 on Monday. Energizer has a 12 month low of $40.64 and a 12 month high of $62.86. The company has a debt-to-equity ratio of 11.50, a quick ratio of 1.21 and a current ratio of 1.75. The firm has a market cap of $3,300.00 and a price-to-earnings ratio of 17.17.

Hedge funds have recently modified their holdings of the company. Zions Bancorporation bought a new position in Energizer in the 3rd quarter worth $120,000. Advisor Group Inc. boosted its holdings in Energizer by 1.3% in the 2nd quarter. Advisor Group Inc. now owns 3,804 shares of the company’s stock worth $183,000 after buying an additional 50 shares during the period. Intl Fcstone Inc. bought a new position in Energizer in the 2nd quarter worth $234,000. Shelton Capital Management bought a new position in Energizer in the 2nd quarter worth $286,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in Energizer in the 3rd quarter worth $283,000. 97.22% of the stock is owned by hedge funds and other institutional investors.

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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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