$371.16 Million in Sales Expected for Energizer Holdings Inc (ENR) This Quarter

Brokerages predict that Energizer Holdings Inc (NYSE:ENR) will report $371.16 million in sales for the current quarter, according to Zacks. Four analysts have made estimates for Energizer’s earnings, with the highest sales estimate coming in at $380.80 million and the lowest estimate coming in at $364.60 million. Energizer posted sales of $359.00 million during the same quarter last year, which suggests a positive year over year growth rate of 3.4%. The firm is expected to issue its next quarterly earnings report on Wednesday, May 2nd.

According to Zacks, analysts expect that Energizer will report full year sales of $371.16 million for the current fiscal year, with estimates ranging from $1.78 billion to $1.81 billion. For the next year, analysts anticipate that the company will report sales of $1.83 billion per share, with estimates ranging from $1.83 billion to $1.84 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Energizer.

How to Become a New Pot Stock Millionaire

Energizer (NYSE:ENR) last issued its earnings results on Wednesday, January 31st. The company reported $1.55 EPS for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.12. The company had revenue of $573.30 million during the quarter, compared to the consensus estimate of $566.50 million. Energizer had a return on equity of 274.69% and a net margin of 9.40%. Energizer’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.51 earnings per share.

A number of research firms have recently weighed in on ENR. Zacks Investment Research raised Energizer from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a report on Wednesday, January 10th. Citigroup cut Energizer from a “buy” rating to a “neutral” rating and lifted their price target for the company from $52.00 to $64.00 in a report on Wednesday, January 17th. KeyCorp reaffirmed a “buy” rating and set a $64.00 price target (up previously from $55.00) on shares of Energizer in a report on Wednesday, January 17th. Royal Bank of Canada reaffirmed a “buy” rating and set a $65.00 price target on shares of Energizer in a report on Thursday, February 1st. Finally, SunTrust Banks lifted their price target on Energizer to $70.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $59.22.

Energizer (ENR) traded up $0.79 on Thursday, hitting $54.49. The stock had a trading volume of 362,902 shares, compared to its average volume of 805,052. The company has a market capitalization of $3,250.00 and a PE ratio of 20.26. The company has a debt-to-equity ratio of 29.02, a quick ratio of 1.39 and a current ratio of 1.90. Energizer has a 52 week low of $40.64 and a 52 week high of $62.86.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Tuesday, February 20th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, February 16th. This represents a $1.16 annualized dividend and a yield of 2.13%. Energizer’s payout ratio is 43.12%.

In other Energizer news, VP Emily K. Boss sold 7,500 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $56.00, for a total value of $420,000.00. Following the transaction, the vice president now owns 9,708 shares of the company’s stock, valued at $543,648. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.79% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Ford Financial Group Inc. acquired a new position in shares of Energizer during the fourth quarter valued at about $114,000. Captrust Financial Advisors bought a new stake in Energizer during the fourth quarter worth about $118,000. Zions Bancorporation bought a new stake in Energizer during the third quarter worth about $120,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Energizer by 51.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,643 shares of the company’s stock worth $175,000 after buying an additional 1,231 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in Energizer during the fourth quarter worth about $215,000. 97.24% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: This report was posted by Markets Daily and is the property of of Markets Daily. If you are reading this report on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The original version of this report can be viewed at https://www.themarketsdaily.com/2018/03/12/371-16-million-in-sales-expected-for-energizer-holdings-inc-enr-this-quarter-2.html.

Energizer 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.

Get a free copy of the Zacks research report on Energizer (ENR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Energizer (NYSE:ENR)

Receive News & Ratings for Energizer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energizer and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply