Energizer Holdings, Inc. (NYSE:EPC) – Equities researchers at Gabelli dropped their FY2019 earnings per share estimates for Energizer Holdings in a research report issued to clients and investors on Friday. Gabelli analyst S. Donnelly now forecasts that the company will earn $4.15 per share for the year, down from their prior estimate of $4.50. Gabelli also issued estimates for Energizer Holdings’ FY2020 earnings at $4.40 EPS.
Energizer Holdings (NYSE:EPC) last released its earnings results on Thursday, November 9th. The company reported $1.00 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.03). The firm had revenue of $564.90 million for the quarter, compared to analyst estimates of $588.28 million. Energizer Holdings had a net margin of 0.25% and a return on equity of 12.54%. The business’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.06 EPS. ILLEGAL ACTIVITY NOTICE: “FY2019 EPS Estimates for Energizer Holdings, Inc. Reduced by Gabelli (EPC)” was published by Stock Observer and is the property of of Stock Observer. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.thestockobserver.com/2017/11/14/fy2019-eps-estimates-for-energizer-holdings-inc-reduced-by-gabelli-epc.html.
Several other equities research analysts have also weighed in on EPC. Deutsche Bank AG reissued a “hold” rating and issued a $75.00 price objective (down previously from $77.00) on shares of Energizer Holdings in a report on Saturday, July 22nd. Zacks Investment Research lowered Energizer Holdings from a “buy” rating to a “hold” rating in a research report on Friday, July 21st. Jefferies Group LLC reaffirmed a “hold” rating and set a $78.00 price target on shares of Energizer Holdings in a report on Thursday, October 19th. Bank of America Corporation reduced their price target on Energizer Holdings from $79.00 to $77.00 and set a “neutral” rating for the company in a research report on Friday, October 13th. Finally, Barclays PLC lowered Energizer Holdings from an “equal weight” rating to an “underweight” rating and set a $55.00 price target for the company. in a research note on Friday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. Energizer Holdings currently has a consensus rating of “Hold” and an average price target of $76.27.
Shares of Energizer Holdings (EPC) traded up $1.59 on Monday, hitting $58.90. The company had a trading volume of 1,438,400 shares, compared to its average volume of 541,990. The company has a market cap of $3,265.03, a PE ratio of 14.40, a P/E/G ratio of 2.03 and a beta of 0.91. Energizer Holdings has a 12 month low of $55.94 and a 12 month high of $82.69. The company has a current ratio of 2.26, a quick ratio of 1.63 and a debt-to-equity ratio of 0.88.
In other Energizer Holdings news, Director Daniel J. Heinrich acquired 1,500 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was acquired at an average price of $57.08 per share, with a total value of $85,620.00. Following the transaction, the director now directly owns 3,530 shares in the company, valued at $201,492.40. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.64% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its stake in shares of Energizer Holdings by 13.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,476,454 shares of the company’s stock worth $252,077,000 after purchasing an additional 419,403 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings in Energizer Holdings by 0.3% in the 3rd quarter. Gamco Investors INC. ET AL now owns 2,084,655 shares of the company’s stock valued at $151,700,000 after purchasing an additional 7,050 shares during the period. Janus Henderson Group PLC boosted its holdings in Energizer Holdings by 929.8% in the 2nd quarter. Janus Henderson Group PLC now owns 1,094,636 shares of the company’s stock valued at $83,214,000 after purchasing an additional 988,336 shares during the period. FMR LLC boosted its holdings in Energizer Holdings by 3.8% in the 2nd quarter. FMR LLC now owns 861,965 shares of the company’s stock valued at $65,527,000 after purchasing an additional 31,900 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Energizer Holdings by 6.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 598,912 shares of the company’s stock valued at $43,582,000 after purchasing an additional 35,893 shares during the period. Hedge funds and other institutional investors own 90.27% of the company’s stock.
About Energizer Holdings
Edgewell Personal Care Company is a manufacturer and marketer of personal care products in the wet shave, sun and skin care, feminine care and infant care categories. As of September 30, 2016, the Company had a portfolio of over 25 brands. It manages its business in four segments: Wet Shave, Sun and Skin Care, Feminine Care and All Other.
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