Energizer Holdings, Inc. (NYSE:ENR) – Equities researchers at SunTrust Banks raised their Q4 2018 EPS estimates for Energizer Holdings in a research note issued on Thursday. SunTrust Banks analyst W. Chappell now forecasts that the company will post earnings of $0.76 per share for the quarter, up from their prior estimate of $0.55.
Energizer Holdings (NYSE:ENR) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. The business had revenue of $465.00 million for the quarter, compared to analyst estimates of $437.36 million. Energizer Holdings had a return on equity of 291.65% and a net margin of 11.48%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 earnings per share. COPYRIGHT VIOLATION WARNING: “Energizer Holdings, Inc. Expected to Post Q4 2018 Earnings of $0.76 Per Share (ENR)” was posted by Stock Observer and is the property of of Stock Observer. If you are accessing this story on another site, it was illegally copied and republished in violation of international copyright law. The correct version of this story can be accessed at https://www.thestockobserver.com/2017/11/14/energizer-holdings-inc-expected-to-post-q4-2018-earnings-of-0-76-per-share-enr.html.
A number of other equities analysts have also commented on the company. Royal Bank Of Canada reiterated a “buy” rating on shares of Energizer Holdings in a research note on Tuesday, July 18th. KeyCorp upgraded Energizer Holdings from a “sector weight” rating to an “overweight” rating and set a $55.00 price target on the stock in a research note on Tuesday, July 18th. Deutsche Bank AG restated a “hold” rating and set a $55.00 price target (down from $62.00) on shares of Energizer Holdings in a research note on Saturday, July 22nd. Citigroup Inc. restated a “buy” rating and set a $54.00 price target on shares of Energizer Holdings in a research note on Wednesday, August 23rd. Finally, Zacks Investment Research upgraded Energizer Holdings from a “hold” rating to a “strong-buy” rating and set a $55.00 price target on the stock in a research note on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $51.88.
Energizer Holdings (NYSE:ENR) traded up $0.45 during trading on Monday, hitting $44.20. The stock had a trading volume of 854,300 shares, compared to its average volume of 725,767. The company has a quick ratio of 1.21, a current ratio of 1.75 and a debt-to-equity ratio of 11.50. The company has a market capitalization of $2,708.36, a price-to-earnings ratio of 14.68, a PEG ratio of 1.45 and a beta of 0.55. Energizer Holdings has a twelve month low of $40.64 and a twelve month high of $60.07.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th will be paid a $0.29 dividend. This is a positive change from Energizer Holdings’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 2.62%. Energizer Holdings’s dividend payout ratio is currently 34.16%.
In related news, CEO Alan R. Hoskins acquired 12,112 shares of the stock in a transaction dated Monday, August 21st. The shares were bought at an average cost of $41.28 per share, for a total transaction of $499,983.36. Following the purchase, the chief executive officer now owns 98,887 shares in the company, valued at approximately $4,082,055.36. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Timothy W. Gorman acquired 5,500 shares of the stock in a transaction dated Friday, August 18th. The stock was bought at an average price of $41.43 per share, for a total transaction of $227,865.00. Following the completion of the purchase, the chief financial officer now owns 14,674 shares in the company, valued at approximately $607,943.82. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 23,912 shares of company stock worth $994,086. Corporate insiders own 1.73% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in ENR. BlackRock Inc. boosted its holdings in shares of Energizer Holdings by 29.7% in the 2nd quarter. BlackRock Inc. now owns 6,819,769 shares of the company’s stock worth $327,486,000 after acquiring an additional 1,561,447 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Energizer Holdings by 77.6% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,975,498 shares of the company’s stock worth $90,972,000 after acquiring an additional 863,371 shares in the last quarter. American Century Companies Inc. lifted its holdings in Energizer Holdings by 425.5% during the 3rd quarter. American Century Companies Inc. now owns 641,214 shares of the company’s stock worth $29,528,000 after buying an additional 519,184 shares in the last quarter. Deprince Race & Zollo Inc. acquired a new position in Energizer Holdings during the 3rd quarter worth $23,581,000. Finally, First Trust Advisors LP lifted its holdings in Energizer Holdings by 213.3% during the 2nd quarter. First Trust Advisors LP now owns 577,410 shares of the company’s stock worth $27,727,000 after buying an additional 393,139 shares in the last quarter. 94.34% of the stock is currently owned by institutional investors and hedge funds.
Energizer Holdings 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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