Energizer Holdings Inc (NYSE:ENR) – Equities research analysts at Gabelli dropped their FY2019 earnings per share (EPS) estimates for Energizer in a research note issued on Wednesday, Zacks Investment Research reports. Gabelli analyst S. Donnelly now anticipates that the company will post earnings of $3.25 per share for the year, down from their prior estimate of $3.30. Gabelli also issued estimates for Energizer’s FY2020 earnings at $3.45 EPS.
Energizer (NYSE:ENR) last released its quarterly earnings data on Wednesday, January 31st. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.12. The business had revenue of $573.30 million during the quarter, compared to analyst estimates of $566.50 million. Energizer had a net margin of 9.40% and a return on equity of 274.69%. Energizer’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.51 EPS.
Several other research analysts also recently commented on ENR. Zacks Investment Research upgraded shares of Energizer from a “hold” rating to a “strong-buy” rating and set a $64.00 target price on the stock in a report on Monday, February 5th. Morgan Stanley lifted their target price on shares of Energizer from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, February 1st. Royal Bank of Canada reiterated a “buy” rating and issued a $65.00 target price on shares of Energizer in a report on Thursday, February 1st. Citigroup downgraded shares of Energizer from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $52.00 to $64.00 in a report on Wednesday, January 17th. Finally, KeyCorp reiterated a “buy” rating and issued a $64.00 target price (up previously from $55.00) on shares of Energizer in a report on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $59.22.
Shares of Energizer (ENR) traded up $0.50 on Friday, reaching $53.42. 1,002,464 shares of the company traded hands, compared to its average volume of 1,348,350. The company has a market cap of $3,188.43, a P/E ratio of 19.93, a PEG ratio of 1.35 and a beta of 0.89. Energizer has a 12-month low of $40.64 and a 12-month high of $62.86. The company has a quick ratio of 1.39, a current ratio of 1.90 and a debt-to-equity ratio of 29.02.
A number of hedge funds and other institutional investors have recently bought and sold shares of ENR. Legal & General Group Plc increased its stake in Energizer by 18.5% in the second quarter. Legal & General Group Plc now owns 48,670 shares of the company’s stock valued at $2,337,000 after acquiring an additional 7,598 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Energizer by 7.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,412 shares of the company’s stock valued at $116,000 after acquiring an additional 169 shares during the period. Swiss National Bank increased its stake in Energizer by 1.5% in the second quarter. Swiss National Bank now owns 103,525 shares of the company’s stock valued at $4,971,000 after acquiring an additional 1,500 shares during the period. Oppenheimer Asset Management Inc. increased its stake in Energizer by 149.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 3,460 shares of the company’s stock valued at $166,000 after acquiring an additional 2,071 shares during the period. Finally, Eaton Vance Management increased its stake in Energizer by 0.9% in the second quarter. Eaton Vance Management now owns 28,326 shares of the company’s stock valued at $1,360,000 after acquiring an additional 251 shares during the period. 97.23% of the stock is currently owned by institutional investors and hedge funds.
In other news, VP Emily K. Boss sold 7,500 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $56.00, for a total transaction of $420,000.00. Following the transaction, the vice president now owns 9,708 shares in the company, valued at approximately $543,648. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.79% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 20th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.16 annualized dividend and a dividend yield of 2.17%. Energizer’s payout ratio is 43.28%.
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Energizer 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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