Energizer Holdings, Inc. (NYSE:ENR) – Analysts at KeyCorp lifted their Q3 2017 earnings per share estimates for Energizer Holdings in a research note issued on Tuesday. KeyCorp analyst J. Gere now expects that the company will post earnings per share of $0.35 for the quarter, up from their prior estimate of $0.34. KeyCorp has a “Overweight” rating and a $55.00 price target on the stock. KeyCorp also issued estimates for Energizer Holdings’ Q3 2018 earnings at $0.41 EPS.
Several other brokerages have also recently commented on ENR. Zacks Investment Research cut shares of Energizer Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Jefferies Group LLC raised their target price on shares of Energizer Holdings from $54.00 to $60.00 and gave the stock a “hold” rating in a report on Wednesday, April 19th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Energizer Holdings in a report on Tuesday. Finally, BidaskClub cut shares of Energizer Holdings from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $55.88.
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Shares of Energizer Holdings (NYSE:ENR) opened at 47.70 on Friday. The stock has a 50 day moving average price of $49.53 and a 200 day moving average price of $52.91. Energizer Holdings has a 1-year low of $41.97 and a 1-year high of $60.07. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 15.87 and a beta of 0.61.
Energizer Holdings (NYSE:ENR) last released its quarterly earnings data on Wednesday, May 3rd. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.16. Energizer Holdings had a return on equity of 1,405.85% and a net margin of 11.00%. The company had revenue of $359 million for the quarter, compared to analyst estimates of $366.66 million. During the same period in the prior year, the company posted $0.30 EPS. The company’s revenue was up 7.5% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently made changes to their positions in ENR. Bank of America Corp DE boosted its position in shares of Energizer Holdings by 28.2% in the first quarter. Bank of America Corp DE now owns 1,525,675 shares of the company’s stock worth $85,056,000 after buying an additional 336,062 shares during the period. Tudor Investment Corp ET AL bought a new stake in Energizer Holdings during the first quarter worth $1,168,000. FMR LLC boosted its stake in Energizer Holdings by 8.4% in the fourth quarter. FMR LLC now owns 314,742 shares of the company’s stock worth $14,041,000 after buying an additional 24,286 shares during the last quarter. BlackRock Inc. boosted its stake in Energizer Holdings by 12,028.5% in the first quarter. BlackRock Inc. now owns 5,258,322 shares of the company’s stock worth $293,151,000 after buying an additional 5,214,967 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in Energizer Holdings by 10.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 66,773 shares of the company’s stock worth $2,978,000 after buying an additional 6,445 shares during the last quarter. 91.89% of the stock is currently owned by institutional investors and hedge funds.
About Energizer Holdings
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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