Zacks: Brokerages Expect Energizer Holdings Inc (NYSE:ENR) Will Post Earnings of $0.47 Per Share

Brokerages expect that Energizer Holdings Inc (NYSE:ENR) will post earnings per share (EPS) of $0.47 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Energizer’s earnings. The lowest EPS estimate is $0.41 and the highest is $0.53. Energizer reported earnings per share of $0.54 in the same quarter last year, which indicates a negative year-over-year growth rate of 13%. The company is expected to issue its next earnings report on Wednesday, August 7th.

On average, analysts expect that Energizer will report full-year earnings of $2.92 per share for the current fiscal year, with EPS estimates ranging from $2.80 to $2.96. For the next fiscal year, analysts forecast that the firm will report earnings of $3.30 per share, with EPS estimates ranging from $2.97 to $3.43. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Energizer.

Energizer (NYSE:ENR) last issued its earnings results on Tuesday, May 7th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). The firm had revenue of $556.40 million during the quarter, compared to analysts’ expectations of $565.61 million. Energizer had a return on equity of 102.03% and a net margin of 1.15%. The firm’s quarterly revenue was up 48.6% on a year-over-year basis. During the same period last year, the firm posted $0.45 earnings per share.

Several brokerages have issued reports on ENR. TheStreet raised shares of Energizer from a “c+” rating to a “b-” rating in a report on Tuesday, April 23rd. Zacks Investment Research raised shares of Energizer from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Barclays reaffirmed a “buy” rating and issued a $54.00 target price on shares of Energizer in a report on Sunday, March 3rd. JPMorgan Chase & Co. began coverage on shares of Energizer in a report on Friday, March 22nd. They set a “neutral” rating and a $49.00 price objective for the company. Finally, Goldman Sachs Group raised shares of Energizer from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $48.00 to $60.00 in a report on Sunday, March 31st. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $55.46.

In related news, Director Robert V. Vitale acquired 1,765 shares of the firm’s stock in a transaction dated Friday, May 31st. The stock was purchased at an average cost of $42.31 per share, with a total value of $74,677.15. Following the completion of the acquisition, the director now directly owns 8,225 shares of the company’s stock, valued at $347,999.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.25% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the business. Deprince Race & Zollo Inc. lifted its position in shares of Energizer by 5.8% during the 4th quarter. Deprince Race & Zollo Inc. now owns 551,951 shares of the company’s stock worth $24,921,000 after purchasing an additional 30,167 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Energizer by 13.0% during the 4th quarter. SG Americas Securities LLC now owns 9,873 shares of the company’s stock worth $446,000 after purchasing an additional 1,138 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Energizer by 4.8% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 16,843 shares of the company’s stock worth $760,000 after purchasing an additional 775 shares during the last quarter. Virginia Retirement Systems ET AL lifted its position in shares of Energizer by 54.7% during the 4th quarter. Virginia Retirement Systems ET AL now owns 16,400 shares of the company’s stock worth $740,000 after purchasing an additional 5,800 shares during the last quarter. Finally, Prudential Financial Inc. lifted its position in shares of Energizer by 0.6% during the 4th quarter. Prudential Financial Inc. now owns 149,000 shares of the company’s stock worth $6,728,000 after purchasing an additional 914 shares during the last quarter. 87.70% of the stock is owned by institutional investors and hedge funds.

Shares of Energizer stock opened at $38.64 on Thursday. The company has a debt-to-equity ratio of 5.51, a current ratio of 2.14 and a quick ratio of 1.66. The stock has a market capitalization of $2.70 billion, a PE ratio of 12.04, a PEG ratio of 3.85 and a beta of 0.64. Energizer has a 52-week low of $37.39 and a 52-week high of $65.57. The business has a 50-day moving average price of $42.85.

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Tuesday, May 21st were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, May 20th. This represents a $1.20 annualized dividend and a dividend yield of 3.11%. Energizer’s payout ratio is 35.61%.

Energizer Company Profile

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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