Energizer Holdings Inc (ENR) Expected to Post Quarterly Sales of $371.16 Million

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.

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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.

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