SunTrust Banks Equities Analysts Raise Earnings Estimates for Energizer Holdings Inc. (ENR)
Energizer Holdings Inc. (NYSE:ENR) – Stock analysts at SunTrust Banks raised their Q2 2017 earnings estimates for Energizer Holdings in a report released on Wednesday. SunTrust Banks analyst W. Chappell now forecasts that the firm will earn $0.36 per share for the quarter, up from their prior estimate of $0.32. SunTrust Banks has a “Buy” rating and a $55.00 price objective on the stock. SunTrust Banks also issued estimates for Energizer Holdings’ Q4 2017 earnings at $0.59 EPS, FY2017 earnings at $2.65 EPS, Q1 2018 earnings at $1.33 EPS, Q2 2018 earnings at $0.41 EPS, Q3 2018 earnings at $0.50 EPS, Q4 2018 earnings at $0.65 EPS and FY2018 earnings at $2.89 EPS.
A number of other analysts also recently weighed in on ENR. Zacks Investment Research downgraded Energizer Holdings from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 26th. Citigroup Inc. raised their target price on Energizer Holdings from $54.00 to $56.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Finally, Jefferies Group raised their target price on Energizer Holdings from $48.00 to $50.00 and gave the company a “hold” rating in a research note on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. Energizer Holdings currently has a consensus rating of “Buy” and an average target price of $51.83.
Energizer Holdings (NYSE:ENR) opened at 44.26 on Friday. The firm has a market cap of $2.74 billion, a P/E ratio of 21.70 and a beta of 0.61. Energizer Holdings has a 12 month low of $28.85 and a 12 month high of $53.41. The firm’s 50-day moving average price is $47.56 and its 200-day moving average price is $47.92.
Energizer Holdings (NYSE:ENR) last announced its quarterly earnings results on Wednesday, November 9th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.04. The firm had revenue of $432.40 million for the quarter, compared to the consensus estimate of $426.53 million. Energizer Holdings had a negative return on equity of 766.09% and a net margin of 7.81%. The business’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.61 earnings per share.
A number of institutional investors have recently made changes to their positions in the stock. Creative Planning boosted its position in shares of Energizer Holdings by 13.5% in the second quarter. Creative Planning now owns 1,938 shares of the company’s stock valued at $100,000 after buying an additional 230 shares during the last quarter. Invictus RG acquired a new position in shares of Energizer Holdings during the second quarter valued at $107,000. Citizens Financial Group Inc RI boosted its position in shares of Energizer Holdings by 120.1% in the third quarter. Citizens Financial Group Inc RI now owns 2,238 shares of the company’s stock valued at $112,000 after buying an additional 1,221 shares during the last quarter. Zurich Insurance Group Ltd FI boosted its position in shares of Energizer Holdings by 2.3% in the second quarter. Zurich Insurance Group Ltd FI now owns 3,143 shares of the company’s stock valued at $162,000 after buying an additional 70 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of Energizer Holdings by 706.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,482 shares of the company’s stock valued at $179,000 after buying an additional 3,050 shares during the last quarter. 90.03% of the stock is currently owned by institutional investors and hedge funds.
In related news, VP Emily K. Boss sold 1,865 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $49.56, for a total value of $92,429.40. Following the transaction, the vice president now owns 1,860 shares of the company’s stock, valued at approximately $92,181.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.37% of the stock is currently owned by corporate insiders.
Energizer Holdings Company Profile
Energizer Holdings, Inc, formerly Energizer SpinCo, Inc, manufactures and markets batteries and portable lighting products. The Company is focused on household products business. The Company’s brands include Energizer and Eveready. In addition to the Energizer and Eveready brands, the Company also markets its flashlights under the Hard Case, Dolphin, and Weather Ready sub-brands.
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