Zacks Investment Research lowered shares of Energizer Holdings, Inc. (NYSE:EPC) from a hold rating to a strong sell rating in a research note issued to investors on Tuesday.
According to Zacks, “Edgewell Personal Care Co. manufactures and markets personal care products. The company’s brand consists of Schick(R) and Wilkinson Sword(R) men’s and women’s shaving systems and disposable razors; Edge(R) and Skintimate(R) shave preparations; Playtex(R), Stayfree(R), Carefree(R) and o.b. (R) feminine care products; Banana Boat(R) and Hawaiian Tropic(R) sun care products; Playtex(R) infant feeding, Diaper Genie(R) and gloves; Wet Ones(R) moist wipes. Edgewell Personal Care Co., formerly known as Energizer Holdings, is based in St Louis, United States. “
A number of other research analysts also recently issued reports on the stock. SunTrust Banks, Inc. reissued a hold rating and set a $65.00 price objective on shares of Energizer Holdings in a research report on Friday, November 10th. TheStreet downgraded shares of Energizer Holdings from a c rating to a d+ rating in a research report on Thursday, November 9th. Bank of America Corporation reduced their price objective on shares of Energizer Holdings from $77.00 to $65.00 and set a neutral rating on the stock in a research report on Friday, November 10th. Morgan Stanley reduced their price objective on shares of Energizer Holdings from $80.00 to $65.00 and set an equal weight rating on the stock in a research report on Friday, November 10th. Finally, Citigroup Inc. reduced their price objective on shares of Energizer Holdings from $87.00 to $77.00 and set a buy rating on the stock in a research report on Friday, November 10th. Two research 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 stock currently has a consensus rating of Hold and a consensus price target of $76.27.
Shares of Energizer Holdings (NYSE EPC) traded up $0.65 during trading on Tuesday, reaching $59.76. 748,310 shares of the company’s stock were exchanged, compared to its average volume of 548,708. The company has a current ratio of 2.26, a quick ratio of 1.63 and a debt-to-equity ratio of 0.88. The stock has a market cap of $3,400.00, a P/E ratio of 14.61, a P/E/G ratio of 3.19 and a beta of 0.92. Energizer Holdings has a fifty-two week low of $55.94 and a fifty-two week high of $82.06.
Energizer Holdings (NYSE:EPC) last issued its quarterly earnings data on Thursday, November 9th. The company reported $1.00 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.03 by ($0.03). The company had revenue of $564.90 million for the quarter, compared to analysts’ expectations of $588.28 million. Energizer Holdings had a net margin of 0.25% and a return on equity of 12.54%. The firm’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.06 earnings per share. sell-side analysts expect that Energizer Holdings will post 3.85 EPS for the current fiscal year.
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In other news, Director Daniel J. Heinrich purchased 1,500 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were bought at an average price of $57.08 per share, for a total transaction of $85,620.00. Following the purchase, the director now directly owns 3,530 shares in the company, valued at approximately $201,492.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.64% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Creative Planning boosted its stake in Energizer Holdings by 0.9% in the 2nd quarter. Creative Planning now owns 2,007 shares of the company’s stock worth $153,000 after purchasing an additional 18 shares in the last quarter. K.J. Harrison & Partners Inc boosted its stake in Energizer Holdings by 0.5% in the 2nd quarter. K.J. Harrison & Partners Inc now owns 10,050 shares of the company’s stock worth $764,000 after purchasing an additional 50 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Energizer Holdings by 1.3% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 7,560 shares of the company’s stock worth $553,000 after purchasing an additional 100 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Energizer Holdings by 2.4% in the 2nd quarter. Pacer Advisors Inc. now owns 8,379 shares of the company’s stock worth $637,000 after purchasing an additional 199 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. boosted its stake in Energizer Holdings by 6.9% in the 2nd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 3,100 shares of the company’s stock worth $236,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 90.27% of the company’s stock.
About Energizer Holdings
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.
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