Energizer Holdings, Inc. (NYSE:ENR) – Investment analysts at KeyCorp increased their FY2017 earnings estimates for shares of Energizer Holdings in a research report issued to clients and investors on Monday. KeyCorp analyst J. Gere now expects that the company will post earnings of $2.92 per share for the year, up from their previous estimate of $2.89. KeyCorp currently has a “Buy” rating and a $55.00 target price on the stock. KeyCorp also issued estimates for Energizer Holdings’ Q4 2017 earnings at $0.48 EPS.
Energizer Holdings (NYSE:ENR) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.06. The business had revenue of $372.00 million for the quarter, compared to analyst estimates of $390.88 million. Energizer Holdings had a return on equity of 529.84% and a net margin of 10.97%. Energizer Holdings’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.32 EPS. COPYRIGHT VIOLATION NOTICE: “FY2017 EPS Estimates for Energizer Holdings, Inc. Raised by KeyCorp (ENR)” was originally published by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this story can be accessed at https://transcriptdaily.com/2017/10/20/fy2017-eps-estimates-for-energizer-holdings-inc-raised-by-keycorp-enr.html.
ENR has been the subject of several other reports. Deutsche Bank AG restated a “hold” rating and set a $55.00 price objective (down from $62.00) on shares of Energizer Holdings in a research report on Saturday, July 22nd. Royal Bank Of Canada restated an “outperform” rating and set a $60.00 price objective on shares of Energizer Holdings in a research report on Wednesday, August 16th. Zacks Investment Research upgraded shares of Energizer Holdings from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Monday, July 10th. Citigroup Inc. restated a “buy” rating and set a $54.00 price objective on shares of Energizer Holdings in a research report on Wednesday, August 23rd. Finally, BidaskClub downgraded shares of Energizer Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, June 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $54.13.
Energizer Holdings (NYSE:ENR) remained flat at $45.55 during midday trading on Wednesday. The company had a trading volume of 235,159 shares. The firm’s 50 day moving average price is $46.09 and its 200 day moving average price is $49.30. Energizer Holdings has a 12-month low of $40.98 and a 12-month high of $60.07. The company has a market capitalization of $2.82 billion, a P/E ratio of 15.12 and a beta of 0.60.
In related news, Director Robert V. Vitale purchased 7,300 shares of the stock in a transaction dated Friday, August 4th. The stock was bought at an average cost of $41.61 per share, for a total transaction of $303,753.00. Following the completion of the acquisition, the director now owns 2,300 shares of the company’s stock, valued at $95,703. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Alan R. Hoskins purchased 12,112 shares of the stock in a transaction dated Monday, August 21st. The shares were bought at an average price of $41.28 per share, with a total value of $499,983.36. Following the completion of the acquisition, the chief executive officer now directly owns 98,887 shares of the company’s stock, valued at approximately $4,082,055.36. The disclosure for this purchase can be found here. Insiders have bought 31,212 shares of company stock valued at $1,297,839 over the last quarter. Company insiders own 1.73% of the company’s stock.
Several large investors have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Energizer Holdings by 29.7% during the second quarter. BlackRock Inc. now owns 6,819,769 shares of the company’s stock worth $327,486,000 after buying an additional 1,561,447 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Energizer Holdings by 0.6% during the second quarter. Vanguard Group Inc. now owns 5,221,575 shares of the company’s stock worth $250,740,000 after buying an additional 28,652 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in shares of Energizer Holdings by 10.0% during the second quarter. Neuberger Berman Group LLC now owns 2,688,833 shares of the company’s stock worth $129,118,000 after buying an additional 244,332 shares in the last quarter. State Street Corp increased its holdings in shares of Energizer Holdings by 1.9% during the second quarter. State Street Corp now owns 1,787,608 shares of the company’s stock worth $85,841,000 after buying an additional 33,625 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Energizer Holdings by 10.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,181,799 shares of the company’s stock worth $56,751,000 after buying an additional 107,707 shares in the last quarter. Institutional investors own 93.90% of the company’s stock.
About Energizer Holdings
Energizer Holdings, Inc is a manufacturer, marketer and distributor of household batteries, specialty batteries and lighting products. The Company is a designer and marketer of automotive fragrance and appearance products. It operates through four geographic segments: North America, which consists of the United States and Canada; Latin America, which includes its markets in Mexico, the Caribbean, Central America and South America; Europe, the Middle East and Africa (EMEA), and Asia Pacific, which consists of its markets in Asia, Australia and New Zealand.
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