Jefferies Group Comments on Energizer Holdings, Inc.’s Q3 2018 Earnings (EPC)

Energizer Holdings, Inc. (NYSE:EPC) – Investment analysts at Jefferies Group issued their Q3 2018 earnings per share (EPS) estimates for Energizer Holdings in a research report issued to clients and investors on Thursday. Jefferies Group analyst K. Grundy anticipates that the company will post earnings per share of $1.05 for the quarter. Jefferies Group has a “Hold” rating and a $78.00 price target on the stock. Jefferies Group also issued estimates for Energizer Holdings’ FY2019 earnings at $4.14 EPS.

Energizer Holdings (NYSE:EPC) last issued its earnings results on Thursday, November 9th. The company reported $1.00 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.03). The business had revenue of $564.90 million for the quarter, compared to the consensus estimate of $588.28 million. Energizer Holdings had a return on equity of 12.54% and a net margin of 0.25%. Energizer Holdings’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.06 EPS.

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A number of other equities analysts have also weighed in on the stock. SunTrust Banks, Inc. reiterated a “hold” rating and set a $65.00 target price on shares of Energizer Holdings in a research report on Friday. TheStreet lowered shares of Energizer Holdings from a “c” rating to a “d+” rating in a research report on Thursday, November 9th. Bank of America Corporation cut their price objective on shares of Energizer Holdings from $77.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday. Morgan Stanley cut their price objective on shares of Energizer Holdings from $80.00 to $65.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, Citigroup Inc. cut their price objective on shares of Energizer Holdings from $87.00 to $77.00 and set a “buy” rating for the company in a research report on Friday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $76.27.

Shares of Energizer Holdings (NYSE:EPC) traded up $1.59 during trading hours on Monday, reaching $58.90. 1,438,400 shares of the company’s stock were exchanged, compared to its average volume of 541,990. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.26 and a quick ratio of 1.63. The company has a market capitalization of $3,265.03, a price-to-earnings ratio of 14.40, a PEG ratio of 2.03 and a beta of 0.91. Energizer Holdings has a 12-month low of $55.94 and a 12-month high of $82.69.

In other news, Director Daniel J. Heinrich bought 1,500 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were bought at an average cost of $57.08 per share, with a total value of $85,620.00. Following the completion of the purchase, the director now directly owns 3,530 shares in the company, valued at $201,492.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.64% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of EPC. Teachers Advisors LLC increased its stake 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 worth $4,705,000 after buying an additional 3,074 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Energizer Holdings by 6.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 549,133 shares of the company’s stock worth $40,164,000 after buying an additional 33,535 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Energizer Holdings by 1.3% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 7,560 shares of the company’s stock worth $553,000 after buying an additional 100 shares in the last quarter. Creative Planning raised its stake in shares of Energizer Holdings by 0.9% during the 2nd quarter. Creative Planning now owns 2,007 shares of the company’s stock worth $153,000 after buying an additional 18 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of Energizer Holdings by 48.4% during the 2nd quarter. Fisher Asset Management LLC now owns 103,467 shares of the company’s stock worth $7,866,000 after buying an additional 33,745 shares in the last quarter. 90.27% of the stock is currently owned by institutional investors.

Energizer Holdings Company Profile

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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