Energizer Holdings Inc. Forecasted to Post FY2017 Earnings of $2.69 Per Share (ENR)
Energizer Holdings Inc. (NYSE:ENR) – Stock analysts at KeyCorp increased their FY2017 earnings per share (EPS) estimates for shares of Energizer Holdings in a report issued on Wednesday. KeyCorp analyst J. Gere now forecasts that the firm will post earnings per share of $2.69 for the year, up from their prior forecast of $2.52. KeyCorp also issued estimates for Energizer Holdings’ Q1 2018 earnings at $1.33 EPS, Q2 2018 earnings at $0.39 EPS, Q3 2018 earnings at $0.48 EPS, Q4 2018 earnings at $0.68 EPS and FY2018 earnings at $2.88 EPS.
Energizer Holdings (NYSE:ENR) last issued its quarterly earnings results on Wednesday, November 9th. The company reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.04. Energizer Holdings had a negative return on equity of 766.09% and a net margin of 7.81%. The company had revenue of $432.40 million for the quarter, compared to analysts’ expectations of $426.53 million. During the same quarter last year, the business earned $0.61 earnings per share. Energizer Holdings’s revenue was up 8.3% on a year-over-year basis.
Other research analysts have also recently issued research reports about the company. SunTrust Banks Inc. boosted their price objective on Energizer Holdings from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, August 4th. Citigroup Inc. upped their price target on Energizer Holdings from $54.00 to $56.00 and gave the company a “buy” rating in a research report on Thursday, August 4th. Zacks Investment Research raised Energizer Holdings from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research report on Wednesday, October 19th. Finally, Jefferies Group upped their price target on Energizer Holdings from $50.00 to $51.00 and gave the company a “hold” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. Energizer Holdings has an average rating of “Buy” and a consensus target price of $51.83.
Energizer Holdings (NYSE:ENR) opened at 44.26 on Friday. The company has a market cap of $2.74 billion, a PE ratio of 21.70 and a beta of 0.61. The company has a 50 day moving average price of $47.56 and a 200-day moving average price of $47.92. Energizer Holdings has a 12 month low of $28.85 and a 12 month high of $53.41.
A number of institutional investors have recently made changes to their positions in ENR. BNP Paribas Arbitrage SA raised its position in shares of Energizer Holdings by 44.4% in the second quarter. BNP Paribas Arbitrage SA now owns 25,936 shares of the company’s stock worth $1,335,000 after buying an additional 7,969 shares in the last quarter. Boothbay Fund Management LLC acquired a new position in shares of Energizer Holdings during the first quarter worth $273,000. Squarepoint Ops LLC acquired a new position in shares of Energizer Holdings during the first quarter worth $1,202,000. Babson Capital Management LLC raised its position in shares of Energizer Holdings by 20.8% in the first quarter. Babson Capital Management LLC now owns 143,170 shares of the company’s stock worth $5,800,000 after buying an additional 24,700 shares in the last quarter. Finally, Barclays PLC raised its position in shares of Energizer Holdings by 35.6% in the first quarter. Barclays PLC now owns 67,937 shares of the company’s stock worth $2,717,000 after buying an additional 17,826 shares in the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.
In other Energizer Holdings news, VP Emily K. Boss sold 1,865 shares of the company’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $49.56, for a total value of $92,429.40. Following the transaction, the vice president now directly owns 1,860 shares in the company, valued at approximately $92,181.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.37% of the stock is owned by company 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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