Wall Street analysts expect Energizer Holdings Inc (NYSE:ENR) to announce sales of $562.00 million for the current quarter, according to Zacks. Three analysts have made estimates for Energizer’s earnings. The highest sales estimate is $565.80 million and the lowest is $554.60 million. Energizer reported sales of $374.40 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 50.1%. The business is expected to announce its next quarterly earnings report on Wednesday, May 1st.
On average, analysts expect that Energizer will report full-year sales of $2.52 billion for the current fiscal year, with estimates ranging from $2.49 billion to $2.56 billion. For the next fiscal year, analysts forecast that the company will report sales of $2.81 billion, with estimates ranging from $2.78 billion to $2.83 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Energizer.
Energizer (NYSE:ENR) last released its earnings results on Tuesday, February 5th. The company reported $1.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.11. The firm had revenue of $572.00 million during the quarter, compared to analysts’ expectations of $572.02 million. Energizer had a net margin of 5.78% and a return on equity of 452.08%. Energizer’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the company earned $1.55 EPS.
Several brokerages have recently issued reports on ENR. Jefferies Financial Group reissued a “buy” rating and set a $80.00 price objective on shares of Energizer in a research note on Monday, October 22nd. Morgan Stanley lowered their price objective on shares of Energizer from $64.00 to $58.00 and set a “hold” rating for the company in a research note on Monday, November 19th. TheStreet cut shares of Energizer from a “b” rating to a “c+” rating in a research note on Friday, November 16th. Zacks Investment Research raised shares of Energizer from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st. Finally, Royal Bank of Canada boosted their price objective on shares of Energizer to $70.00 and gave the company an “outperform” rating in a research note on Monday, November 26th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $60.44.
ENR stock traded up $0.09 during midday trading on Tuesday, hitting $45.63. The stock had a trading volume of 625,146 shares, compared to its average volume of 1,123,059. The stock has a market capitalization of $3.19 billion, a P/E ratio of 13.54, a PEG ratio of 2.46 and a beta of 0.51. The company has a debt-to-equity ratio of 13.86, a quick ratio of 1.10 and a current ratio of 1.45. Energizer has a 12-month low of $42.74 and a 12-month high of $65.57.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Monday, February 25th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, February 22nd. This represents a $1.20 annualized dividend and a dividend yield of 2.63%. Energizer’s dividend payout ratio is presently 35.61%.
In other Energizer news, CEO Alan R. Hoskins bought 10,000 shares of Energizer stock in a transaction that occurred on Thursday, December 6th. The shares were acquired at an average price of $46.00 per share, for a total transaction of $460,000.00. Following the acquisition, the chief executive officer now owns 223,929 shares of the company’s stock, valued at approximately $10,300,734. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director John Eddy Klein bought 2,200 shares of Energizer stock in a transaction that occurred on Thursday, November 29th. The shares were acquired at an average price of $46.00 per share, for a total transaction of $101,200.00. Following the acquisition, the director now directly owns 4,591 shares in the company, valued at approximately $211,186. The disclosure for this purchase can be found here. Insiders have bought a total of 26,360 shares of company stock valued at $1,216,822 over the last three months. Corporate insiders own 2.25% of the company’s stock.
Large investors have recently bought and sold shares of the stock. CX Institutional acquired a new position in shares of Energizer during the 4th quarter valued at $51,000. Parkside Financial Bank & Trust lifted its holdings in shares of Energizer by 20.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,250 shares of the company’s stock valued at $57,000 after acquiring an additional 215 shares in the last quarter. Eukles Asset Management acquired a new position in shares of Energizer during the 4th quarter valued at $98,000. Point72 Hong Kong Ltd acquired a new position in shares of Energizer during the 3rd quarter valued at $100,000. Finally, NumerixS Investment Technologies Inc lifted its holdings in shares of Energizer by 500.0% during the 4th quarter. NumerixS Investment Technologies Inc now owns 2,400 shares of the company’s stock valued at $108,000 after acquiring an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 94.88% 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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