Energizer Holdings Inc (NYSE:ENR) – Analysts at SunTrust Banks lifted their FY2018 earnings per share estimates for shares of Energizer in a research report issued on Monday. SunTrust Banks analyst W. Chappell now anticipates that the company will post earnings per share of $3.26 for the year, up from their previous forecast of $3.05.
Other research analysts have also issued reports about the company. 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 research report on Wednesday. KeyCorp set a $55.00 price target on Energizer and gave the company a “buy” rating in a research report on Saturday, November 25th. Deutsche Bank raised Energizer from a “hold” rating to a “buy” rating and dropped their price target for the company from $50.00 to $49.00 in a research report on Thursday, January 4th. Jefferies Group reissued a “hold” rating and set a $47.00 price target on shares of Energizer in a research report on Wednesday, November 8th. Finally, Citigroup dropped their price target on Energizer from $54.00 to $52.00 and set a “buy” rating on the stock in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $52.25.
Energizer (NYSE:ENR) last announced its earnings results on Wednesday, November 8th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. The company had revenue of $465.00 million for the quarter, compared to analyst estimates of $437.36 million. Energizer had a return on equity of 291.65% and a net margin of 11.48%. Energizer’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.54 earnings per share.
A number of large investors have recently bought and sold shares of ENR. BlackRock Inc. increased its position in shares of Energizer by 29.7% during the second quarter. BlackRock Inc. now owns 6,819,769 shares of the company’s stock valued at $327,486,000 after purchasing an additional 1,561,447 shares during the period. Fuller & Thaler Asset Management Inc. boosted its position in Energizer by 77.6% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,975,498 shares of the company’s stock valued at $90,972,000 after purchasing an additional 863,371 shares during the last quarter. American Century Companies Inc. boosted its position in Energizer by 425.5% during the third quarter. American Century Companies Inc. now owns 641,214 shares of the company’s stock valued at $29,528,000 after purchasing an additional 519,184 shares during the last quarter. Deprince Race & Zollo Inc. acquired a new stake in shares of Energizer in the third quarter valued at approximately $23,581,000. Finally, Neuberger Berman Group LLC lifted its position in shares of Energizer by 11.3% in the third quarter. Neuberger Berman Group LLC now owns 2,993,563 shares of the company’s stock valued at $137,854,000 after buying an additional 304,730 shares during the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Investors of record on Thursday, November 30th were given a dividend of $0.29 per share. 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. The ex-dividend date was Wednesday, November 29th. Energizer’s payout ratio is presently 36.02%.
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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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