Equities analysts expect Energizer Holdings Inc (NYSE:ENR) to post $371.16 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Energizer’s earnings, with the lowest sales estimate coming in at $364.60 million and the highest estimate coming in at $380.80 million. Energizer posted sales of $359.00 million during the same quarter last year, which suggests a positive year over year growth rate of 3.4%. The firm is scheduled to announce its next earnings report on Wednesday, May 2nd.
On average, analysts expect that Energizer will report full year sales of $371.16 million for the current year, with estimates ranging from $1.78 billion to $1.81 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.83 billion per share, with estimates ranging from $1.83 billion to $1.84 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that follow Energizer.
Energizer (NYSE:ENR) last released its quarterly earnings data on Wednesday, January 31st. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.12. The firm had revenue of $573.30 million for 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.51 earnings per share.
Several equities research analysts recently weighed in on ENR shares. Off Wall Street started coverage on shares of Energizer in a research note on Monday, October 30th. They set a “sell” rating on the stock. Citigroup dropped their price objective on shares of Energizer from $54.00 to $52.00 and set a “buy” rating on the stock in a research note on Friday, November 10th. Deutsche Bank upgraded shares of Energizer from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $50.00 to $49.00 in a research note on Thursday, January 4th. Morgan Stanley dropped their price objective on shares of Energizer from $53.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 9th. Finally, Zacks Investment Research lowered shares of Energizer from a “buy” rating to a “hold” rating in a research note on Monday, November 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $59.22.
Shares of Energizer (NYSE ENR) opened at $53.85 on Tuesday. The firm has a market cap of $3,214.08, a PE ratio of 20.09, a P/E/G ratio of 1.33 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 debt-to-equity ratio of 29.02, a quick ratio of 1.39 and a current ratio of 1.90.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Tuesday, February 20th will be paid a $0.29 dividend. The ex-dividend date is Friday, February 16th. This represents a $1.16 annualized dividend and a dividend yield of 2.15%. Energizer’s payout ratio is currently 43.28%.
In other Energizer news, VP Emily K. Boss sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $56.00, for a total value of $420,000.00. Following the sale, the vice president now owns 9,708 shares in the company, valued at $543,648. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.79% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the business. Ford Financial Group Inc. acquired a new stake in shares of Energizer in the fourth quarter valued at approximately $114,000. Captrust Financial Advisors acquired a new stake in shares of Energizer in the fourth quarter valued at approximately $118,000. Zions Bancorporation acquired a new stake in shares of Energizer in the third quarter valued at approximately $120,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Energizer by 51.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,643 shares of the company’s stock valued at $175,000 after purchasing an additional 1,231 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of Energizer in the fourth quarter valued at approximately $215,000. Institutional investors own 97.23% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Energizer Holdings Inc (ENR) Expected to Post Quarterly Sales of $371.16 Million” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another website, it was stolen and republished in violation of US & international trademark & copyright legislation. The legal version of this article can be viewed at https://ledgergazette.com/2018/02/20/energizer-holdings-inc-enr-expected-to-post-quarterly-sales-of-371-16-million.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Energizer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energizer and related companies with MarketBeat.com's FREE daily email newsletter.