Energizer Holdings Inc (NYSE:ENR) Expected to Post Earnings of $0.81 Per Share

Brokerages expect Energizer Holdings Inc (NYSE:ENR) to report earnings of $0.81 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Energizer’s earnings, with estimates ranging from $0.79 to $0.83. Energizer reported earnings per share of $0.83 during the same quarter last year, which would indicate a negative year over year growth rate of 2.4%. The firm is expected to issue its next earnings results before the market opens on Wednesday, November 13th.

On average, analysts expect that Energizer will report full year earnings of $2.93 per share for the current fiscal year, with EPS estimates ranging from $2.90 to $2.98. For the next fiscal year, analysts anticipate that the business will report earnings of $3.23 per share, with EPS estimates ranging from $3.00 to $3.33. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Energizer.

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

A number of research analysts have issued reports on the stock. Deutsche Bank upgraded shares of Energizer from a “hold” rating to a “buy” rating and upped their price target for the company from $38.00 to $52.00 in a research note on Wednesday, June 26th. Bank of America upgraded shares of Energizer from an “underperform” rating to a “buy” rating and upped their price target for the company from $35.00 to $48.00 in a research note on Monday, September 9th. UBS Group upgraded shares of Energizer from a “neutral” rating to a “buy” rating and cut their price target for the company from $50.00 to $46.00 in a research note on Thursday, August 22nd. ValuEngine upgraded shares of Energizer from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Royal Bank of Canada restated a “buy” rating and set a $70.00 price target on shares of Energizer in a research note on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. Energizer currently has a consensus rating of “Buy” and an average target price of $54.00.

Energizer stock traded up $0.01 during mid-day trading on Friday, reaching $40.25. 417,189 shares of the company traded hands, compared to its average volume of 789,598. The company has a debt-to-equity ratio of 6.12, a current ratio of 1.88 and a quick ratio of 1.40. Energizer has a fifty-two week low of $32.54 and a fifty-two week high of $61.78. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 11.94, a price-to-earnings-growth ratio of 6.74 and a beta of 0.59. The firm’s fifty day moving average is $41.36 and its two-hundred day moving average is $42.08.

In other Energizer news, CEO Alan R. Hoskins acquired 10,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average price of $35.00 per share, for a total transaction of $350,000.00. Following the completion of the purchase, the chief executive officer now directly owns 260,337 shares of the company’s stock, valued at $9,111,795. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Gregory T. Kinder acquired 6,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was acquired at an average price of $36.43 per share, for a total transaction of $218,580.00. Following the purchase, the executive vice president now directly owns 37,767 shares of the company’s stock, valued at $1,375,851.81. The disclosure for this purchase can be found here. Insiders bought 39,153 shares of company stock worth $1,389,776 in the last quarter. Company insiders own 2.25% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. BTC Capital Management Inc. increased its stake in shares of Energizer by 8.0% in the third 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 period. Zeke Capital Advisors LLC increased its stake in shares of Energizer by 82.4% in the third 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 period. Envestnet Asset Management Inc. increased its stake in shares of Energizer by 13.5% in the third 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 period. Nisa Investment Advisors LLC increased its stake in shares of Energizer by 1.6% in the third 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 period. Finally, IMS Capital Management acquired a new stake in shares of Energizer in the third quarter worth $532,000. Hedge funds and other institutional investors own 98.20% of the company’s stock.

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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Earnings History and Estimates for Energizer (NYSE:ENR)

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