Q3 2017 EPS Estimates for Energizer Holdings, Inc. Lifted by Analyst (NYSE:EPC)
Energizer Holdings, Inc. (NYSE:EPC) – Equities research analysts at Jefferies Group raised their Q3 2017 earnings per share estimates for Energizer Holdings in a note issued to investors on Thursday. Jefferies Group analyst K. Grundy now expects that the company will post earnings per share of $0.82 for the quarter, up from their previous estimate of $0.81. Jefferies Group has a “Hold” rating and a $77.00 price target on the stock.
A number of other research analysts also recently issued reports on the company. BidaskClub downgraded Energizer Holdings from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. TheStreet upgraded Energizer Holdings from a “c” rating to a “b” rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded Energizer Holdings from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Tuesday, July 4th. Societe Generale raised Energizer Holdings from a “hold” rating to a “buy” rating and boosted their price target for the stock from $83.00 to $90.00 in a research report on Thursday, June 22nd. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $77.00 price target (up from $74.00) on shares of Energizer Holdings in a research report on Wednesday, May 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $86.78.
Energizer Holdings (NYSE:EPC) opened at 74.41 on Monday. The stock’s 50 day moving average price is $74.47 and its 200-day moving average price is $74.83. The firm has a market cap of $4.27 billion, a PE ratio of 23.13 and a beta of 0.97. Energizer Holdings has a 12-month low of $69.63 and a 12-month high of $88.00.
Energizer Holdings (NYSE:EPC) last released its earnings results on Tuesday, May 2nd. The company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Energizer Holdings had a return on equity of 11.44% and a net margin of 8.00%. The firm had revenue of $611 million during the quarter, compared to the consensus estimate of $608.13 million. During the same period in the prior year, the company posted $1.17 EPS. The company’s revenue was up .0% compared to the same quarter last year.
A number of hedge funds have recently made changes to their positions in EPC. BlackRock Inc. increased its stake in shares of Energizer Holdings by 7,004.8% in the first quarter. BlackRock Inc. now owns 9,145,412 shares of the company’s stock valued at $668,896,000 after buying an additional 9,016,691 shares during the last quarter. Credit Suisse AG raised its position in shares of Energizer Holdings by 149.2% in the first quarter. Credit Suisse AG now owns 4,072,492 shares of the company’s stock worth $297,861,000 after buying an additional 2,438,114 shares during the period. Norges Bank bought a new position in shares of Energizer Holdings during the fourth quarter worth approximately $47,555,000. First Trust Advisors LP bought a new position in shares of Energizer Holdings during the first quarter worth approximately $17,483,000. Finally, American Century Companies Inc. bought a new position in shares of Energizer Holdings during the first quarter worth approximately $17,012,000. 91.80% of the stock is owned by institutional investors and hedge funds.
About Energizer Holdings
Edgewell Personal Care Company is a manufacturer and marketer of personal care products in the wet shave, sun and skin care, feminine care and infant care categories. As of September 30, 2016, the Company had a portfolio of over 25 brands. It manages its business in four segments: Wet Shave, Sun and Skin Care, Feminine Care and All Other.
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