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.
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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.
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