KeyCorp Equities Analysts Lift Earnings Estimates for Energizer Holdings, Inc. (ENR)

Energizer Holdings, Inc. (NYSE:ENR) – Stock analysts at KeyCorp increased their FY2018 earnings estimates for Energizer Holdings in a research report issued on Tuesday. KeyCorp analyst J. Gere now forecasts that the company will post earnings per share of $3.00 for the year, up from their previous forecast of $2.00. KeyCorp has a “Overweight” rating and a $55.00 price objective on the stock.

A number of other equities research analysts also recently weighed in on ENR. UBS AG restated a “neutral” rating and set a $47.00 target price (down previously from $49.00) on shares of Energizer Holdings in a research report on Wednesday, August 9th. Deutsche Bank AG restated a “hold” rating and set a $49.00 target price (down previously from $55.00) on shares of Energizer Holdings in a research report on Wednesday, August 9th. Royal Bank Of Canada restated an “outperform” rating and set a $60.00 target price on shares of Energizer Holdings in a research report on Wednesday, August 16th. Zacks Investment Research downgraded Energizer Holdings from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Finally, Jefferies Group LLC restated a “hold” rating and set a $52.00 target price (down previously from $54.00) on shares of Energizer Holdings in a research report on Monday, July 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $53.88.

ILLEGAL ACTIVITY WARNING: This news story was reported by TrueBlueTribune and is the property of of TrueBlueTribune. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States and international trademark and copyright laws. The legal version of this news story can be viewed at https://www.truebluetribune.com/2017/09/09/keycorp-equities-analysts-lift-earnings-estimates-for-energizer-holdings-inc-enr.html.

Energizer Holdings (NYSE ENR) traded up 3.37% on Friday, hitting $44.46. 829,017 shares of the stock traded hands. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 14.76 and a beta of 0.57. The company’s 50 day moving average price is $44.56 and its 200-day moving average price is $51.84. Energizer Holdings has a 52-week low of $40.98 and a 52-week high of $60.07.

Energizer Holdings (NYSE:ENR) last issued its earnings results on Wednesday, August 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. The business had revenue of $372 million for the quarter, compared to analysts’ expectations of $390.88 million. Energizer Holdings had a net margin of 10.97% and a return on equity of 529.84%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.32 EPS.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Monday, August 21st will be issued a $0.275 dividend. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $1.10 dividend on an annualized basis and a yield of 2.56%. Energizer Holdings’s dividend payout ratio is presently 36.54%.

In related news, CFO Timothy W. Gorman acquired 6,300 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was acquired at an average price of $42.26 per share, for a total transaction of $266,238.00. Following the completion of the acquisition, the chief financial officer now owns 20,974 shares of the company’s stock, valued at approximately $886,361.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Alan R. Hoskins acquired 12,112 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was bought at an average price of $41.28 per share, with a total value of $499,983.36. Following the acquisition, the chief executive officer now directly owns 98,887 shares of the company’s stock, valued at approximately $4,082,055.36. The disclosure for this purchase can be found here. Insiders purchased 31,212 shares of company stock valued at $1,297,839 in the last quarter. 1.73% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Creative Planning increased its stake in Energizer Holdings by 0.4% in the first quarter. Creative Planning now owns 1,999 shares of the company’s stock worth $111,000 after buying an additional 7 shares in the last quarter. Acrospire Investment Management LLC bought a new stake in Energizer Holdings during the first quarter worth approximately $114,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Energizer Holdings by 7.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,412 shares of the company’s stock worth $116,000 after buying an additional 169 shares in the last quarter. IFP Advisors Inc increased its stake in Energizer Holdings by 7.1% in the second quarter. IFP Advisors Inc now owns 2,607 shares of the company’s stock worth $125,000 after buying an additional 172 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in Energizer Holdings by 149.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 3,460 shares of the company’s stock worth $166,000 after buying an additional 2,071 shares in the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

About Energizer Holdings

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.

Earnings History and Estimates for Energizer Holdings (NYSE:ENR)

Receive News & Ratings for Energizer Holdings Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Energizer Holdings Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

13 − seven =