Energizer Holdings, Inc. (NYSE:ENR) - Research analysts at KeyCorp decreased their Q2 2018 EPS estimates for shares of Energizer Holdings in a research note issued on Wednesday. KeyCorp analyst J. Gere now expects that the company will post earnings of $0.52 per share for the quarter, down from their prior estimate of $0.53. KeyCorp currently has a “Overweight” rating and a $55.00 price target on the stock. KeyCorp also issued estimates for Energizer Holdings’ FY2018 earnings at $2.00 EPS.
Energizer Holdings (NYSE:ENR) last posted its earnings results on Wednesday, August 2nd. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Energizer Holdings had a net margin of 10.97% and a return on equity of 529.84%. The business had revenue of $372 million during the quarter, compared to the consensus estimate of $390.88 million. During the same quarter in the previous year, the firm posted $0.32 EPS. The firm’s revenue was up 3.0% on a year-over-year basis.
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A number of other research analysts have also recently issued reports on ENR. Zacks Investment Research raised shares of Energizer Holdings from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a report on Wednesday, April 12th. Morgan Stanley lowered shares of Energizer Holdings from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $58.00 to $61.00 in a research note on Wednesday, April 19th. They noted that the move was a valuation call. Jefferies Group LLC increased their price objective on shares of Energizer Holdings from $54.00 to $60.00 and gave the stock a “hold” rating in a research note on Wednesday, April 19th. Royal Bank Of Canada cut their price objective on shares of Energizer Holdings from $57.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, May 5th. Finally, BidaskClub lowered shares of Energizer Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, June 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $53.86.
Energizer Holdings (NYSE:ENR) traded up 0.41% during midday trading on Monday, reaching $41.90. 264,667 shares of the company’s stock were exchanged. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 13.91 and a beta of 0.57. Energizer Holdings has a 12-month low of $40.98 and a 12-month high of $60.07. The stock’s 50-day moving average is $48.23 and its 200-day moving average is $52.90.
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Energizer Holdings by 12,028.5% in the first quarter. BlackRock Inc. now owns 5,258,322 shares of the company’s stock worth $293,151,000 after buying an additional 5,214,967 shares during the last quarter. Columbus Circle Investors acquired a new stake in Energizer Holdings during the first quarter worth $39,949,000. First Trust Advisors LP raised its stake in Energizer Holdings by 213.3% in the second quarter. First Trust Advisors LP now owns 577,410 shares of the company’s stock worth $27,727,000 after buying an additional 393,139 shares during the last quarter. Morgan Stanley raised its stake in Energizer Holdings by 132.1% in the first quarter. Morgan Stanley now owns 650,329 shares of the company’s stock worth $36,256,000 after buying an additional 370,139 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in Energizer Holdings by 28.2% in the first quarter. Bank of America Corp DE now owns 1,525,675 shares of the company’s stock worth $85,056,000 after buying an additional 336,062 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Monday, August 21st will be paid a $0.275 dividend. The ex-dividend date is Thursday, August 17th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.64%. Energizer Holdings’s payout ratio is currently 36.54%.
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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