Energizer Holdings Inc (NYSE:ENR) – Equities research analysts at SunTrust Banks upped their FY2018 earnings estimates for shares of Energizer in a note issued to investors on Monday. SunTrust Banks analyst W. Chappell now expects that the company will earn $3.26 per share for the year, up from their previous forecast of $3.05.
Several other research analysts have also recently issued reports on the stock. Off Wall Street started coverage on shares of Energizer in a report on Monday, October 30th. They issued a “sell” rating on the stock. Citigroup cut their target price on shares of Energizer from $54.00 to $52.00 and set a “buy” rating on the stock in a report on Friday, November 10th. Morgan Stanley cut their target price on shares of Energizer from $53.00 to $50.00 and set an “equal weight” rating on the stock in a report on Thursday, November 9th. Zacks Investment Research cut shares of Energizer from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Finally, Jefferies Group reiterated a “hold” rating and issued a $47.00 price target on shares of Energizer in a report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $52.25.
Energizer (NYSE:ENR) last posted its quarterly earnings results on Wednesday, November 8th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.48 by $0.06. The firm had revenue of $465.00 million for the quarter, compared to the consensus estimate of $437.36 million. Energizer had a net margin of 11.48% and a return on equity of 291.65%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share.
A number of institutional investors have recently made changes to their positions in the business. Dean Investment Associates LLC lifted its position in Energizer by 15.3% during the third quarter. Dean Investment Associates LLC now owns 69,630 shares of the company’s stock valued at $3,206,000 after buying an additional 9,260 shares during the period. Neuberger Berman Group LLC raised its position in shares of Energizer by 11.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,993,563 shares of the company’s stock worth $137,854,000 after purchasing an additional 304,730 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Energizer by 1.5% in the 3rd quarter. California Public Employees Retirement System now owns 118,000 shares of the company’s stock worth $5,434,000 after purchasing an additional 1,800 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Energizer by 47.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 7,397 shares of the company’s stock worth $341,000 after purchasing an additional 2,382 shares during the last quarter. Finally, Affinity Wealth Management purchased a new position in shares of Energizer in the 3rd quarter worth about $295,000. 97.22% of the stock is owned by institutional investors and hedge funds.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $1.16 annualized dividend and a yield of 2.25%. This is a positive change from Energizer’s previous quarterly dividend of $0.28. Energizer’s dividend payout ratio (DPR) is currently 36.14%.
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.
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