Energizer Holdings Inc (NYSE:ENR) saw some unusual options trading activity on Monday. Traders bought 1,142 put options on the stock. This is an increase of 1,976% compared to the typical daily volume of 55 put options.
Energizer (NYSE:ENR) traded down $1.69 during midday trading on Wednesday, reaching $54.08. 719,205 shares of the company’s stock were exchanged, compared to its average volume of 965,948. The firm has a market capitalization of $3,300.62, a price-to-earnings ratio of 20.18, a PEG ratio of 1.37 and a beta of 0.95. The company has a current ratio of 1.90, a quick ratio of 1.39 and a debt-to-equity ratio of 29.02. Energizer has a one year low of $40.64 and a one year high of $62.86.
Energizer (NYSE:ENR) last issued its earnings results on Wednesday, January 31st. The company reported $1.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.12. The business had revenue of $573.30 million for the quarter, compared to the consensus estimate of $566.50 million. Energizer had a net margin of 9.40% and a return on equity of 274.69%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.51 earnings per share. research analysts anticipate that Energizer will post 3.39 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Investors of record on Tuesday, February 20th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend was Friday, February 16th. Energizer’s dividend payout ratio is currently 43.28%.
In other Energizer news, VP Emily K. Boss sold 7,500 shares of the company’s stock in a transaction 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 directly owns 9,708 shares of the company’s stock, valued at $543,648. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.79% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. DORCHESTER WEALTH MANAGEMENT Co acquired a new position in Energizer during the third quarter worth about $4,743,000. Bank of New York Mellon Corp raised its position in Energizer by 2.3% during the third quarter. Bank of New York Mellon Corp now owns 824,888 shares of the company’s stock worth $37,986,000 after acquiring an additional 18,881 shares during the last quarter. Virtus Fund Advisers LLC raised its position in shares of Energizer by 23.1% in the fourth quarter. Virtus Fund Advisers LLC now owns 3,769,760 shares of the company’s stock valued at $180,873,000 after buying an additional 707,896 shares during the last quarter. State Street Corp raised its position in shares of Energizer by 1.9% in the second quarter. State Street Corp now owns 1,787,608 shares of the company’s stock valued at $85,841,000 after buying an additional 33,625 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new position in shares of Energizer in the fourth quarter valued at approximately $2,097,000. 97.24% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently weighed in on ENR. Zacks Investment Research raised shares of Energizer from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Wednesday, January 10th. KeyCorp reaffirmed a “buy” rating and set a $64.00 price objective (up previously from $55.00) on shares of Energizer in a research report on Wednesday, January 17th. Royal Bank of Canada reissued a “buy” rating and issued a $65.00 price target on shares of Energizer in a research report on Thursday, February 1st. Citigroup cut shares of Energizer from a “buy” rating to a “neutral” rating and raised their price target for the company from $52.00 to $64.00 in a research report on Wednesday, January 17th. Finally, Morgan Stanley raised their price objective on shares of Energizer from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $59.22.
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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