According to Zacks, “Shares of Energizer have declined and underperformed the industry in the past six months. This may be attributed to the company’s soft top-line performance during the first quarter of fiscal 2019, wherein the metric missed the Zacks Consensus Estimate and also declined year over year for second time in row. Certainly, dismal margins as well as high debt level might have also kept investors on their toes. Additionally, headwinds related to currency fluctuations and commodity costs cannot be ignored. Nevertheless, Energizer’s bottom line performance keeps the hope alive. The quarterly earnings not only increased but also beat the consensus mark. Results were backed by increase in organic revenues, cost saving initiatives, lower tax rate and decline in adjusted SG&A expenses. To enhance its portfolio, the company recently concluded the buyout of Spectrum's battery and portable lighting business and the auto care business.”
ENR has been the topic of several other reports. Citigroup dropped their price target on shares of Energizer from $52.00 to $50.00 and set a neutral rating on the stock in a research note on Tuesday, March 26th. ValuEngine lowered shares of Energizer from a hold rating to a sell rating in a research note on Tuesday, January 22nd. Evercore ISI assumed coverage on shares of Energizer in a research note on Tuesday, February 12th. They issued an outperform rating and a $55.00 price target on the stock. Jefferies Financial Group reiterated a buy rating and issued a $64.00 price target on shares of Energizer in a research note on Tuesday, January 15th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Energizer in a research note on Friday, March 22nd. They issued a neutral rating and a $49.00 price target on the stock. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. Energizer currently has an average rating of Hold and an average price target of $58.42.
Energizer (NYSE:ENR) last announced its quarterly earnings results on Tuesday, February 5th. The company reported $1.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.11. The company had revenue of $572.00 million for the quarter, compared to analyst estimates of $572.02 million. Energizer had a net margin of 5.78% and a return on equity of 452.08%. The firm’s revenue was down .2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.55 earnings per share. Analysts anticipate that Energizer will post 3 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, February 25th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend was Friday, February 22nd. Energizer’s payout ratio is currently 35.61%.
Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc boosted its holdings in shares of Energizer by 2.1% in the third quarter. Vanguard Group Inc now owns 5,521,114 shares of the company’s stock valued at $323,813,000 after acquiring an additional 114,000 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Energizer by 2.1% in the third quarter. Vanguard Group Inc. now owns 5,521,114 shares of the company’s stock valued at $323,813,000 after acquiring an additional 114,000 shares during the period. BlackRock Inc. boosted its holdings in shares of Energizer by 1.4% in the fourth quarter. BlackRock Inc. now owns 5,384,274 shares of the company’s stock valued at $243,101,000 after acquiring an additional 72,563 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Energizer by 4.9% in the third quarter. JPMorgan Chase & Co. now owns 5,160,218 shares of the company’s stock valued at $302,647,000 after acquiring an additional 243,347 shares during the period. Finally, Ceredex Value Advisors LLC boosted its holdings in shares of Energizer by 32.2% in the fourth quarter. Ceredex Value Advisors LLC now owns 3,949,977 shares of the company’s stock valued at $178,342,000 after acquiring an additional 961,356 shares during the period. 79.43% of the stock is owned by institutional investors and hedge funds.
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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