Brokers Offer Predictions for Energizer Holdings Inc’s FY2020 Earnings (NYSE:ENR)

Energizer Holdings Inc (NYSE:ENR) – Research analysts at Jefferies Financial Group decreased their FY2020 EPS estimates for shares of Energizer in a research note issued on Wednesday, August 7th. Jefferies Financial Group analyst K. Grundy now anticipates that the company will earn $3.33 per share for the year, down from their previous estimate of $3.43. Jefferies Financial Group also issued estimates for Energizer’s FY2021 earnings at $3.83 EPS.

Energizer (NYSE:ENR) last posted its earnings results on Tuesday, August 6th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.10). Energizer had a return on equity of 102.03% and a net margin of 1.15%. The business had revenue of $647.20 million for the quarter, compared to the consensus estimate of $673.50 million. During the same period in the previous year, the company posted $0.54 earnings per share. Energizer’s revenue for the quarter was up 64.8% compared to the same quarter last year.

Other analysts have also recently issued reports about the company. Bank of America reissued an “underperform” rating and set a $35.00 target price (down from $40.00) on shares of Energizer in a research note on Wednesday. TheStreet cut Energizer from a “b-” rating to a “c” rating in a research note on Friday, June 7th. JPMorgan Chase & Co. cut Energizer from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $45.00 to $36.00 in a research note on Wednesday, June 19th. Deutsche Bank raised Energizer from a “hold” rating to a “buy” rating and increased their target price for the stock from $38.00 to $52.00 in a research note on Wednesday, June 26th. Finally, Citigroup raised Energizer from a “neutral” rating to a “buy” rating and increased their target price for the stock from $50.00 to $54.00 in a research note on Tuesday, May 14th. Four equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. Energizer has a consensus rating of “Hold” and an average target price of $53.58.

NYSE ENR opened at $34.49 on Thursday. The business’s 50 day simple moving average is $39.51. Energizer has a 52-week low of $32.54 and a 52-week high of $65.06. The company has a current ratio of 2.14, a quick ratio of 1.66 and a debt-to-equity ratio of 5.51. The company has a market cap of $2.73 billion, a PE ratio of 10.23, a price-to-earnings-growth ratio of 3.90 and a beta of 0.55.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, August 19th. This represents a $1.20 annualized dividend and a dividend yield of 3.48%. Energizer’s dividend payout ratio is currently 35.61%.

In other Energizer news, Director Robert V. Vitale purchased 1,765 shares of the firm’s stock in a transaction dated Friday, May 31st. The stock was bought at an average cost of $42.31 per share, with a total value of $74,677.15. Following the purchase, the director now directly owns 8,225 shares of the company’s stock, valued at $347,999.75. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 2.25% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ENR. Twin Tree Management LP acquired a new stake in shares of Energizer during the first quarter worth $28,000. Osborn Williams & Donohoe LLC acquired a new stake in shares of Energizer during the first quarter worth $31,000. Quantamental Technologies LLC acquired a new stake in shares of Energizer during the first quarter worth $29,000. Advisory Services Network LLC lifted its holdings in shares of Energizer by 107.7% during the first quarter. Advisory Services Network LLC now owns 754 shares of the company’s stock worth $34,000 after buying an additional 391 shares in the last quarter. Finally, Trust Co. of Vermont acquired a new stake in shares of Energizer during the second quarter worth $39,000. 87.79% of the stock is owned by institutional investors.

Energizer Company Profile

Energizer Holdings, Inc manufacturers and markets batteries and lighting products. The company’s products include household batteries, specialty batteries, and portable lighting. Energizer Holdings was founded in 2000 and is headquartered in St. Louis, MO.

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Earnings History and Estimates for Energizer (NYSE:ENR)

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