Energizer Holdings, Inc. (NYSE:ENR) - KeyCorp increased their FY2018 EPS estimates for Energizer Holdings in a research note issued to investors on Tuesday. KeyCorp analyst J. Gere now expects that the company will post earnings of $3.00 per share for the year, up from their previous forecast of $2.00. KeyCorp has a “Overweight” rating and a $55.00 price objective on the stock.
ENR has been the subject of a number of other reports. UBS AG reiterated a “neutral” rating and set a $47.00 price target (down from $49.00) on shares of Energizer Holdings in a report on Wednesday, August 9th. Jefferies Group LLC reiterated a “hold” rating and set a $54.00 price target (down from $62.00) on shares of Energizer Holdings in a report on Thursday, July 6th. Royal Bank Of Canada reiterated an “outperform” rating and set a $60.00 price target on shares of Energizer Holdings in a report on Wednesday, August 16th. Zacks Investment Research downgraded shares of Energizer Holdings from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $49.00 price target (down from $55.00) on shares of Energizer Holdings in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Energizer Holdings presently has an average rating of “Hold” and a consensus price target of $53.88.
Energizer Holdings (NYSE:ENR) opened at 44.53 on Friday. The company has a 50 day moving average of $44.47 and a 200-day moving average of $51.78. The company has a market cap of $2.76 billion, a P/E ratio of 14.78 and a beta of 0.57. Energizer Holdings has a one year low of $40.98 and a one year high of $60.07.
Energizer Holdings (NYSE:ENR) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.43 EPS for the quarter, beating the consensus estimate 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 prior year, the firm earned $0.32 EPS. The business’s revenue was up 3.0% on a year-over-year basis.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Creative Planning boosted its position in Energizer Holdings by 0.4% in the first quarter. Creative Planning now owns 1,999 shares of the company’s stock worth $111,000 after buying an additional 7 shares during the last quarter. Acrospire Investment Management LLC purchased a new position in Energizer Holdings during the first quarter worth approximately $114,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Energizer Holdings by 7.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,412 shares of the company’s stock worth $116,000 after buying an additional 169 shares during the last quarter. IFP Advisors Inc boosted its position in Energizer Holdings by 7.1% in the second quarter. IFP Advisors Inc now owns 2,607 shares of the company’s stock worth $125,000 after buying an additional 172 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its position in Energizer Holdings by 149.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 3,460 shares of the company’s stock worth $166,000 after buying an additional 2,071 shares during the last quarter. 92.51% of the stock is currently owned by institutional investors and hedge funds.
In other Energizer Holdings news, CEO Alan R. Hoskins purchased 12,112 shares of Energizer Holdings stock in a transaction on Monday, August 21st. The shares were purchased at an average cost of $41.28 per share, with a total value of $499,983.36. Following the completion of the transaction, the chief executive officer now directly owns 98,887 shares in the company, valued at approximately $4,082,055.36. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Timothy W. Gorman purchased 6,300 shares of Energizer Holdings stock in a transaction on Tuesday, August 22nd. The shares were acquired at an average cost of $42.26 per share, for a total transaction of $266,238.00. Following the completion of the transaction, the chief financial officer now owns 20,974 shares of the company’s stock, valued at $886,361.24. The disclosure for this purchase can be found here. Insiders purchased 31,212 shares of company stock worth $1,297,839 over the last three months. Corporate insiders own 1.73% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Monday, August 21st will be given a $0.275 dividend. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $1.10 annualized dividend and a dividend yield of 2.47%. Energizer Holdings’s dividend payout ratio is presently 36.54%.
Energizer Holdings Company Profile
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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