KeyCorp Weighs in on Energizer Holdings, Inc.’s FY2018 Earnings (EPC)

Energizer Holdings, Inc. (NYSE:EPC) – Analysts at KeyCorp reduced their FY2018 earnings estimates for shares of Energizer Holdings in a note issued to investors on Thursday. KeyCorp analyst J. Gere now expects that the company will earn $3.90 per share for the year, down from their previous estimate of $4.17. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Energizer Holdings’ Q1 2019 earnings at $0.61 EPS, Q2 2019 earnings at $1.13 EPS, Q3 2019 earnings at $1.29 EPS, Q4 2019 earnings at $1.17 EPS and FY2019 earnings at $4.19 EPS.

Energizer Holdings (NYSE:EPC) last released its quarterly earnings data on Thursday, November 9th. The company reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.03). Energizer Holdings had a return on equity of 12.54% and a net margin of 0.25%. The firm had revenue of $564.90 million for the quarter, compared to the consensus estimate of $588.28 million. During the same period in the previous year, the business earned $1.06 EPS. The firm’s revenue was down 7.5% compared to the same quarter last year. COPYRIGHT VIOLATION NOTICE: This piece of content was originally reported by Markets Daily and is the sole property of of Markets Daily. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://www.themarketsdaily.com/2017/11/15/keycorp-weighs-in-on-energizer-holdings-inc-s-fy2018-earnings-epc.html.

Several other research firms have also weighed in on EPC. BidaskClub raised shares of Energizer Holdings from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Jefferies Group LLC reissued a “hold” rating and set a $78.00 price objective on shares of Energizer Holdings in a research note on Tuesday, September 12th. Citigroup Inc. reissued a “buy” rating and set a $87.00 price objective (up previously from $86.00) on shares of Energizer Holdings in a research note on Friday, August 11th. Deutsche Bank AG reissued a “hold” rating and set a $75.00 price objective (down previously from $77.00) on shares of Energizer Holdings in a research note on Saturday, July 22nd. Finally, Zacks Investment Research lowered shares of Energizer Holdings from a “buy” rating to a “hold” rating in a research note on Friday, July 21st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. Energizer Holdings currently has an average rating of “Hold” and an average price target of $76.27.

Energizer Holdings (NYSE:EPC) traded down $0.75 during trading on Monday, reaching $58.15. 895,100 shares of the company traded hands, compared to its average volume of 543,595. Energizer Holdings has a twelve month low of $55.94 and a twelve month high of $82.06. The company has a market cap of $3,355.61, a price-to-earnings ratio of 14.80, a price-to-earnings-growth ratio of 3.23 and a beta of 0.91. The company has a quick ratio of 1.63, a current ratio of 2.26 and a debt-to-equity ratio of 0.88.

Institutional investors and hedge funds have recently made changes to their positions in the business. Teachers Advisors LLC raised its holdings in shares of Energizer Holdings by 5.0% in the first quarter. Teachers Advisors LLC now owns 64,333 shares of the company’s stock valued at $4,705,000 after purchasing an additional 3,074 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Energizer Holdings by 6.5% in the first quarter. Dimensional Fund Advisors LP now owns 549,133 shares of the company’s stock valued at $40,164,000 after purchasing an additional 33,535 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Energizer Holdings by 1.3% in the first quarter. Nomura Asset Management Co. Ltd. now owns 7,560 shares of the company’s stock valued at $553,000 after purchasing an additional 100 shares during the last quarter. Creative Planning raised its holdings in shares of Energizer Holdings by 0.9% in the second quarter. Creative Planning now owns 2,007 shares of the company’s stock valued at $153,000 after purchasing an additional 18 shares during the last quarter. Finally, Fisher Asset Management LLC raised its holdings in shares of Energizer Holdings by 48.4% in the second quarter. Fisher Asset Management LLC now owns 103,467 shares of the company’s stock valued at $7,866,000 after purchasing an additional 33,745 shares during the last quarter. 90.27% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Daniel J. Heinrich purchased 1,500 shares of the business’s stock in a transaction on Monday, November 13th. The shares were purchased at an average price of $57.08 per share, with a total value of $85,620.00. Following the completion of the purchase, the director now owns 3,530 shares in the company, valued at approximately $201,492.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.64% of the company’s stock.

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.

Earnings History and Estimates for Energizer Holdings (NYSE:EPC)

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