Q1 2017 Earnings Estimate for Energizer Holdings Inc. (ENR) Issued By SunTrust Banks
Energizer Holdings Inc. (NYSE:ENR) – Research analysts at SunTrust Banks dropped their Q1 2017 earnings estimates for shares of Energizer Holdings in a report issued on Wednesday. SunTrust Banks analyst W. Chappell now anticipates that the firm will post earnings per share of $1.25 for the quarter, down from their prior forecast of $1.26. SunTrust Banks currently has a “Buy” rating and a $55.00 target price on the stock.
Energizer Holdings (NYSE:ENR) last announced its quarterly earnings results on Wednesday, November 9th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.04. The firm earned $432.40 million during the quarter, compared to analyst estimates of $426.53 million. Energizer Holdings had a negative return on equity of 766.09% and a net margin of 7.81%. Energizer Holdings’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.61 earnings per share.
Several other equities analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Energizer Holdings from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research note on Wednesday, October 19th. Jefferies Group reissued a “hold” rating on shares of Energizer Holdings in a research note on Wednesday, August 10th. Finally, Citigroup Inc. upped their price objective on shares of Energizer Holdings from $54.00 to $56.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. Energizer Holdings has a consensus rating of “Hold” and an average target price of $53.60.
Shares of Energizer Holdings (NYSE:ENR) opened at 44.26 on Monday. 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. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 21.70 and a beta of 0.61.
In related news, VP Emily K. Boss sold 1,865 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $49.56, for a total transaction of $92,429.40. Following the transaction, the vice president now owns 1,860 shares of the company’s stock, valued at $92,181.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.37% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. First Trust Advisors LP increased its position in shares of Energizer Holdings by 6,914.1% in the third quarter. First Trust Advisors LP now owns 2,272,993 shares of the company’s stock valued at $113,559,000 after buying an additional 2,240,587 shares during the last quarter. Neuberger Berman Group LLC raised its position in shares of Energizer Holdings by 206.5% in the third quarter. Neuberger Berman Group LLC now owns 2,361,046 shares of the company’s stock valued at $117,958,000 after buying an additional 1,590,622 shares during the period. Victory Capital Management Inc. bought a new position in shares of Energizer Holdings during the third quarter valued at approximately $33,836,000. Vanguard Group Inc. raised its position in shares of Energizer Holdings by 10.5% in the second quarter. Vanguard Group Inc. now owns 4,990,249 shares of the company’s stock valued at $256,948,000 after buying an additional 473,729 shares during the period. Finally, RWC Asset Management LLP bought a new position in shares of Energizer Holdings during the second quarter valued at approximately $23,028,000. 98.03% of the stock is currently owned by institutional investors and hedge funds.
About Energizer Holdings
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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