Energizer Holdings, Inc. (NYSE:ENR) – SunTrust Banks upped their Q4 2018 earnings estimates for Energizer Holdings in a report released on Thursday. SunTrust Banks analyst W. Chappell now anticipates that the company will post earnings per share of $0.76 for the quarter, up from their prior estimate of $0.55.
Energizer Holdings (NYSE:ENR) last released its quarterly earnings results on Wednesday, November 8th. The company reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.06. The company had revenue of $465.00 million for the quarter, compared to analyst estimates of $437.36 million. Energizer Holdings had a return on equity of 291.65% and a net margin of 11.48%. Energizer Holdings’s revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 earnings per share. ILLEGAL ACTIVITY WARNING: This story was published by Markets Daily and is the property of of Markets Daily. If you are accessing this story on another site, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this story can be viewed at https://www.themarketsdaily.com/2017/11/13/suntrust-banks-equities-analysts-lift-earnings-estimates-for-energizer-holdings-inc-enr.html.
A number of other research firms also recently issued reports on ENR. Deutsche Bank AG reiterated a “hold” rating and set a $55.00 price objective (down from $62.00) on shares of Energizer Holdings in a report on Saturday, July 22nd. Royal Bank Of Canada reiterated a “buy” rating on shares of Energizer Holdings in a report on Tuesday, July 18th. Citigroup Inc. reiterated a “buy” rating and set a $54.00 price objective on shares of Energizer Holdings in a report on Wednesday, August 23rd. UBS AG restated a “neutral” rating and issued a $47.00 price target (down from $49.00) on shares of Energizer Holdings in a research note on Thursday, August 3rd. Finally, Jefferies Group LLC restated a “hold” rating and issued a $52.00 price target (down from $54.00) on shares of Energizer Holdings in a research note on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $51.88.
Energizer Holdings (ENR) opened at $43.75 on Monday. The company has a current ratio of 1.75, a quick ratio of 1.21 and a debt-to-equity ratio of 11.50. The stock has a market capitalization of $2,708.36, a PE ratio of 14.68, a P/E/G ratio of 1.45 and a beta of 0.55. Energizer Holdings has a fifty-two week low of $40.64 and a fifty-two week high of $60.07.
A number of large investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its holdings in Energizer Holdings by 15.1% during the 3rd quarter. Wells Fargo & Company MN now owns 749,601 shares of the company’s stock worth $34,520,000 after purchasing an additional 98,113 shares during the last quarter. Cadence Capital Management LLC lifted its holdings in Energizer Holdings by 16.7% during the 3rd quarter. Cadence Capital Management LLC now owns 20,519 shares of the company’s stock worth $945,000 after purchasing an additional 2,937 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Energizer Holdings by 8.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,804,646 shares of the company’s stock valued at $174,519,000 after acquiring an additional 299,862 shares in the last quarter. Legal & General Group Plc raised its holdings in Energizer Holdings by 15.6% in the 3rd quarter. Legal & General Group Plc now owns 56,242 shares of the company’s stock valued at $2,590,000 after acquiring an additional 7,572 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its holdings in Energizer Holdings by 453.7% in the 3rd quarter. Great West Life Assurance Co. Can now owns 204,775 shares of the company’s stock valued at $9,390,000 after acquiring an additional 167,791 shares in the last quarter. 94.34% of the stock is owned by institutional investors and hedge funds.
In other news, CFO Timothy W. Gorman purchased 5,500 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The stock was acquired at an average cost of $41.43 per share, with a total value of $227,865.00. Following the acquisition, the chief financial officer now owns 14,674 shares in the company, valued at approximately $607,943.82. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Alan R. Hoskins purchased 12,112 shares of the company’s stock in a transaction that occurred 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 acquisition, the chief executive officer now owns 98,887 shares in the company, valued at approximately $4,082,055.36. The disclosure for this purchase can be found here. Insiders have bought a total of 23,912 shares of company stock valued at $994,086 over the last quarter. 1.73% of the stock is currently owned by corporate insiders.
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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