Energizer Holdings Inc (NYSE:ENR) Expected to Announce Quarterly Sales of $674.35 Million

Analysts expect that Energizer Holdings Inc (NYSE:ENR) will report sales of $674.35 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Energizer’s earnings. The highest sales estimate is $681.80 million and the lowest is $665.40 million. Energizer reported sales of $392.80 million during the same quarter last year, which indicates a positive year-over-year growth rate of 71.7%. The firm is scheduled to announce its next earnings report on Wednesday, August 7th.

On average, analysts expect that Energizer will report full year sales of $2.53 billion for the current fiscal year, with estimates ranging from $2.51 billion to $2.54 billion. For the next fiscal year, analysts anticipate that the business will post sales of $2.85 billion, with estimates ranging from $2.77 billion to $3.03 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Energizer.

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

A number of research firms have weighed in on ENR. TheStreet raised Energizer from a “c+” rating to a “b-” rating in a report on Tuesday, April 23rd. Deutsche Bank raised Energizer from a “hold” rating to a “buy” rating and boosted their price target for the stock from $38.00 to $52.00 in a research report on Wednesday. Goldman Sachs Group upgraded Energizer from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $48.00 to $60.00 in a research note on Sunday, March 31st. Citigroup upgraded Energizer from a “neutral” rating to a “buy” rating and upped their target price for the stock from $50.00 to $54.00 in a research note on Tuesday, May 14th. Finally, Barclays reaffirmed a “buy” rating and issued a $54.00 price target on shares of Energizer in a report on Sunday, March 3rd. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Energizer presently has a consensus rating of “Hold” and an average target price of $55.46.

In other Energizer news, Director Robert V. Vitale purchased 1,765 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were acquired at an average price of $42.31 per share, for a total transaction of $74,677.15. Following the acquisition, the director now owns 8,225 shares of the company’s stock, valued at $347,999.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.25% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in ENR. APG Asset Management N.V. boosted its position in shares of Energizer by 126.9% during the fourth quarter. APG Asset Management N.V. now owns 624,000 shares of the company’s stock worth $24,646,000 after buying an additional 349,000 shares during the period. Boston Partners boosted its position in shares of Energizer by 39.0% during the first quarter. Boston Partners now owns 881,202 shares of the company’s stock worth $39,592,000 after buying an additional 247,402 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Energizer during the fourth quarter worth $254,000. Rhumbline Advisers boosted its position in shares of Energizer by 4.0% during the first quarter. Rhumbline Advisers now owns 166,083 shares of the company’s stock worth $7,462,000 after buying an additional 6,351 shares during the period. Finally, FMR LLC boosted its position in shares of Energizer by 36.0% during the first quarter. FMR LLC now owns 3,062,185 shares of the company’s stock worth $137,584,000 after buying an additional 810,576 shares during the period. 87.70% of the stock is owned by institutional investors.

Shares of ENR stock opened at $38.64 on Friday. Energizer has a twelve month low of $37.39 and a twelve month high of $65.57. The stock has a market capitalization of $2.67 billion, a PE ratio of 11.47, a price-to-earnings-growth ratio of 3.81 and a beta of 0.64. The business has a fifty day moving average price of $42.85. The company has a debt-to-equity ratio of 5.51, a quick ratio of 1.66 and a current ratio of 2.14.

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

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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