Zacks: Brokerages Anticipate Energizer Holdings Inc (ENR) Will Post Earnings of $0.22 Per Share

Wall Street analysts expect that Energizer Holdings Inc (NYSE:ENR) will post earnings of $0.22 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Energizer’s earnings, with estimates ranging from $0.19 to $0.24. Energizer reported earnings per share of $0.45 during the same quarter last year, which suggests a negative year over year growth rate of 51.1%. The firm is expected to report its next quarterly earnings results before the market opens on Tuesday, May 7th.

According to Zacks, analysts expect that Energizer will report full-year earnings of $3.00 per share for the current year, with EPS estimates ranging from $2.95 to $3.06. For the next financial year, analysts forecast that the firm will post earnings of $3.51 per share, with EPS estimates ranging from $3.39 to $3.57. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Energizer.

Energizer (NYSE:ENR) last issued its quarterly earnings data on Tuesday, February 5th. The company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.11. The company had revenue of $572.00 million during the quarter, compared to the consensus estimate of $572.02 million. Energizer had a net margin of 5.78% and a return on equity of 452.08%. Energizer’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.55 earnings per share.

A number of equities analysts recently commented on ENR shares. ValuEngine downgraded shares of Energizer from a “hold” rating to a “sell” rating in a research note on Tuesday, January 22nd. Jefferies Financial Group reissued a “buy” rating and issued a $64.00 price objective on shares of Energizer in a research note on Tuesday, January 15th. Zacks Investment Research downgraded shares of Energizer from a “hold” rating to a “sell” rating in a research note on Wednesday, January 16th. Barclays reissued a “buy” rating and issued a $54.00 price objective on shares of Energizer in a research note on Sunday, March 3rd. Finally, Evercore ISI started coverage on shares of Energizer in a report on Tuesday, February 12th. They issued an “outperform” rating and a $55.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $58.42.

NYSE:ENR traded up $0.37 during trading hours on Friday, reaching $48.51. The company’s stock had a trading volume of 315,395 shares, compared to its average volume of 825,017. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 14.39, a price-to-earnings-growth ratio of 3.93 and a beta of 0.48. Energizer has a 12 month low of $42.74 and a 12 month high of $65.57. The company has a quick ratio of 1.10, a current ratio of 1.45 and a debt-to-equity ratio of 13.86.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ENR. Ceredex Value Advisors LLC grew its holdings in Energizer by 32.2% in the fourth quarter. Ceredex Value Advisors LLC now owns 3,949,977 shares of the company’s stock worth $178,342,000 after purchasing an additional 961,356 shares during the last quarter. Norges Bank purchased a new stake in shares of Energizer during the fourth quarter valued at $28,791,000. FMR LLC grew its holdings in shares of Energizer by 36.2% during the fourth quarter. FMR LLC now owns 2,251,609 shares of the company’s stock valued at $101,659,000 after buying an additional 598,283 shares during the last quarter. APG Asset Management N.V. grew its holdings in shares of Energizer by 126.9% during the fourth quarter. APG Asset Management N.V. now owns 624,000 shares of the company’s stock valued at $24,646,000 after buying an additional 349,000 shares during the last quarter. Finally, Peregrine Capital Management LLC purchased a new stake in shares of Energizer during the first quarter valued at $15,425,000. 79.43% of the stock is currently owned by institutional investors and hedge funds.

About Energizer

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.

Featured Story: Why are analyst ratings important in trading stocks?

Get a free copy of the Zacks research report on Energizer (ENR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Energizer (NYSE:ENR)

Receive News & Ratings for Energizer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energizer and related companies with MarketBeat.com's FREE daily email newsletter.