$713.05 Million in Sales Expected for Energizer Holdings Inc (NYSE:ENR) This Quarter

Wall Street analysts predict that Energizer Holdings Inc (NYSE:ENR) will post $713.05 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Energizer’s earnings, with estimates ranging from $708.42 million to $720.80 million. Energizer posted sales of $457.20 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 56%. The business is scheduled to issue its next quarterly earnings results before the market opens on Wednesday, November 13th.

On average, analysts expect that Energizer will report full-year sales of $2.49 billion for the current year, with estimates ranging from $2.48 billion to $2.50 billion. For the next fiscal year, analysts expect that the business will report sales of $2.77 billion, with estimates ranging from $2.74 billion to $2.80 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Energizer.

Energizer (NYSE:ENR) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.10). Energizer had a net margin of 0.29% and a return on equity of 60.51%. The business had revenue of $647.20 million during the quarter, compared to the consensus estimate of $673.50 million. During the same period in the previous year, the business posted $0.54 EPS. Energizer’s revenue was up 64.8% compared to the same quarter last year.

ENR has been the subject of several analyst reports. UBS Group upgraded shares of Energizer from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $50.00 to $46.00 in a research note on Thursday, August 22nd. Bank of America upgraded shares of Energizer from an “underperform” rating to a “buy” rating and increased their price objective for the company from $35.00 to $48.00 in a research note on Monday, September 9th. Royal Bank of Canada reiterated a “buy” rating and issued a $70.00 price objective on shares of Energizer in a research note on Thursday, August 8th. ValuEngine upgraded shares of Energizer from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Deutsche Bank upgraded shares of Energizer from a “hold” rating to a “buy” rating and increased their price objective for the company from $38.00 to $52.00 in a research note on Wednesday, June 26th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. Energizer presently has a consensus rating of “Buy” and an average price target of $54.00.

In related news, Director Robert V. Vitale purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $34.65 per share, for a total transaction of $173,250.00. Following the purchase, the director now directly owns 13,225 shares in the company, valued at approximately $458,246.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Alan R. Hoskins purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were bought at an average price of $35.00 per share, with a total value of $350,000.00. Following the purchase, the chief executive officer now owns 260,337 shares in the company, valued at $9,111,795. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 39,153 shares of company stock valued at $1,389,776. Company insiders own 2.25% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. BTC Capital Management Inc. lifted its holdings in shares of Energizer by 8.0% during the 3rd quarter. BTC Capital Management Inc. now owns 66,592 shares of the company’s stock worth $2,900,000 after acquiring an additional 4,932 shares during the last quarter. Zeke Capital Advisors LLC lifted its holdings in shares of Energizer by 82.4% during the 3rd quarter. Zeke Capital Advisors LLC now owns 56,701 shares of the company’s stock worth $2,471,000 after acquiring an additional 25,612 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Energizer by 13.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 38,143 shares of the company’s stock worth $1,662,000 after acquiring an additional 4,531 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Energizer by 1.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 25,210 shares of the company’s stock worth $1,099,000 after acquiring an additional 400 shares during the last quarter. Finally, IMS Capital Management bought a new stake in shares of Energizer during the 3rd quarter worth $532,000. Institutional investors own 98.20% of the company’s stock.

Shares of NYSE ENR opened at $40.25 on Monday. Energizer has a fifty-two week low of $32.54 and a fifty-two week high of $61.78. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 6.74 and a beta of 0.59. The company has a debt-to-equity ratio of 6.12, a quick ratio of 1.40 and a current ratio of 1.88. The firm’s 50-day simple moving average is $41.36 and its 200 day simple moving average is $42.08.

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.

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