Wall Street brokerages expect Energizer Holdings Inc (NYSE:ENR) to report sales of $576.53 million for the current quarter, according to Zacks. Three analysts have made estimates for Energizer’s earnings, with estimates ranging from $574.20 million to $580.90 million. Energizer posted sales of $573.30 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 0.6%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, January 30th.
According to Zacks, analysts expect that Energizer will report full year sales of $1.82 billion for the current year, with estimates ranging from $1.81 billion to $1.82 billion. For the next year, analysts forecast that the firm will report sales of $1.84 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Energizer.
Energizer (NYSE:ENR) last released its earnings results on Thursday, November 15th. The company reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.02. Energizer had a return on equity of 549.70% and a net margin of 5.20%. The firm had revenue of $457.20 million during the quarter, compared to the consensus estimate of $459.64 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. The company’s revenue was down 1.7% compared to the same quarter last year.
ENR has been the subject of a number of research reports. Deutsche Bank lifted their target price on Energizer from $64.00 to $68.00 and gave the stock a “hold” rating in a report on Thursday, August 16th. ValuEngine downgraded Energizer from a “buy” rating to a “hold” rating in a report on Thursday, September 27th. Jefferies Financial Group reaffirmed a “buy” rating and set a $80.00 target price on shares of Energizer in a report on Monday, October 22nd. Zacks Investment Research raised Energizer from a “sell” rating to a “hold” rating in a report on Tuesday, November 13th. Finally, Bank of America downgraded Energizer from a “buy” rating to an “underperform” rating in a report on Friday, November 16th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $62.10.
Shares of Energizer stock traded down $0.13 on Wednesday, reaching $46.00. 1,009,459 shares of the stock were exchanged, compared to its average volume of 1,023,128. The company has a quick ratio of 1.13, a current ratio of 1.56 and a debt-to-equity ratio of 39.84. Energizer has a twelve month low of $44.49 and a twelve month high of $65.57. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 13.65, a price-to-earnings-growth ratio of 2.47 and a beta of 0.63.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Friday, November 30th will be given a dividend of $0.30 per share. This is a boost from Energizer’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend is Thursday, November 29th. Energizer’s dividend payout ratio (DPR) is currently 35.61%.
In related news, CFO Timothy W. Gorman purchased 10,000 shares of Energizer stock in a transaction that occurred on Monday, December 3rd. The stock was bought at an average cost of $45.64 per share, for a total transaction of $456,400.00. Following the completion of the transaction, the chief financial officer now owns 38,110 shares in the company, valued at $1,739,340.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bill G. Armstrong sold 1,000 shares of Energizer stock in a transaction that occurred on Wednesday, October 10th. The shares were sold at an average price of $60.65, for a total value of $60,650.00. Following the transaction, the director now owns 24,387 shares of the company’s stock, valued at $1,479,071.55. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 16,360 shares of company stock valued at $756,822 and have sold 3,000 shares valued at $180,570. 1.79% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the company. Point72 Hong Kong Ltd purchased a new stake in shares of Energizer in the third quarter valued at approximately $100,000. Advisory Services Network LLC increased its position in shares of Energizer by 443.8% in the second quarter. Advisory Services Network LLC now owns 1,974 shares of the company’s stock valued at $128,000 after buying an additional 1,611 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of Energizer in the second quarter valued at approximately $129,000. Fortis Advisors LLC purchased a new stake in shares of Energizer in the second quarter valued at approximately $137,000. Finally, Harvest Fund Management Co. Ltd increased its position in shares of Energizer by 128.7% in the third quarter. Harvest Fund Management Co. Ltd now owns 3,231 shares of the company’s stock valued at $189,000 after buying an additional 1,818 shares in the last quarter. Institutional investors and hedge funds own 93.12% of the company’s stock.
Energizer Company Profile
Energizer Holdings, Inc, together with its subsidiaries, manufactures, markets, and distributes household batteries, specialty batteries, and lighting products worldwide. It offers lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide batteries under the Energizer and Eveready brands, as well as primary, rechargeable, specialty, and hearing aid products.
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