Energizer Holdings, Inc. (NYSE:ENR) – Investment analysts at KeyCorp upped their FY2018 earnings per share estimates for Energizer Holdings in a research report issued on Wednesday. KeyCorp analyst J. Gere now expects that the company will post earnings of $3.10 per share for the year, up from their previous estimate of $3.06. KeyCorp has a “Buy” rating and a $55.00 price objective on the stock. KeyCorp also issued estimates for Energizer Holdings’ Q1 2019 earnings at $1.48 EPS, Q2 2019 earnings at $0.48 EPS, Q3 2019 earnings at $0.52 EPS, Q4 2019 earnings at $0.80 EPS and FY2019 earnings at $3.28 EPS.
Energizer Holdings (NYSE:ENR) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.06. Energizer Holdings had a return on equity of 291.65% and a net margin of 11.48%. The business had revenue of $465.00 million for the quarter, compared to the consensus estimate of $437.36 million. During the same period last year, the business posted $0.54 EPS. The business’s revenue was up 7.5% compared to the same quarter last year.
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A number of other research analysts also recently issued reports on the company. Citigroup Inc. cut their price target on Energizer Holdings from $54.00 to $52.00 and set a “buy” rating on the stock in a report on Friday. Morgan Stanley lowered their price objective on Energizer Holdings from $53.00 to $50.00 and set an “equal weight” rating for the company in a research report on Thursday. Jefferies Group LLC reissued a “hold” rating and issued a $47.00 price objective on shares of Energizer Holdings in a research report on Wednesday. Off Wall Street began coverage on Energizer Holdings in a research report on Monday, October 30th. They issued a “sell” rating for the company. Finally, Zacks Investment Research raised Energizer Holdings from a “hold” rating to a “strong-buy” rating and set a $55.00 price objective for the company in a research report on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $51.88.
Energizer Holdings (ENR) opened at $43.75 on Friday. Energizer Holdings has a fifty-two week low of $40.64 and a fifty-two week high of $60.07. The stock has a market capitalization of $2,708.34, a price-to-earnings ratio of 14.68, a PEG ratio of 1.45 and a beta of 0.55. The company has a debt-to-equity ratio of 11.50, a current ratio of 1.75 and a quick ratio of 1.35.
In other Energizer Holdings news, CEO Alan R. Hoskins purchased 12,112 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was purchased at an average price of $41.28 per share, for a total transaction of $499,983.36. Following the purchase, the chief executive officer now directly owns 98,887 shares in the company, valued at $4,082,055.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Timothy W. Gorman purchased 6,300 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was acquired at an average price of $42.26 per share, with a total value of $266,238.00. Following the purchase, the chief financial officer now owns 20,974 shares in the company, valued at $886,361.24. The disclosure for this purchase can be found here. In the last three months, insiders bought 23,912 shares of company stock valued at $994,086. Insiders own 1.73% of the company’s stock.
Large investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Energizer Holdings by 7.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,412 shares of the company’s stock worth $116,000 after buying an additional 169 shares in the last quarter. IFP Advisors Inc increased its stake in Energizer Holdings by 7.1% during the 2nd quarter. IFP Advisors Inc now owns 2,607 shares of the company’s stock worth $125,000 after buying an additional 172 shares in the last quarter. Creative Planning increased its stake in Energizer Holdings by 30.9% during the 2nd quarter. Creative Planning now owns 2,617 shares of the company’s stock worth $126,000 after buying an additional 618 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in Energizer Holdings by 149.1% during the 2nd 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 in the last quarter. Finally, Advisor Group Inc. increased its stake in Energizer Holdings by 1.3% during the 2nd quarter. Advisor Group Inc. now owns 3,804 shares of the company’s stock worth $183,000 after buying an additional 50 shares in the last quarter. Institutional investors own 92.86% of the company’s stock.
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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