Zacks Investment Research downgraded shares of Energizer (NYSE:ENR) from a buy rating to a hold rating in a research report sent to investors on Monday, November 13th.
According to Zacks, “Energizer reported strong fourth quarter fiscal 2017 results with both earnings and revenues beating the Zacks Consensus Estimate. Strength in battery business coupled with strength across all geographies led to a strong quarterly performance. Energizer is one of the leading names in the global batteries and lighting products business. The company’s battery business generates over majority of the revenues. Acquisition of HandStands diversified its portfolio by including brands like Refresh Your Car!, California Scents and Eagle One. Acquisition and strong product portfolio will continue to drive top line. Energizer also has a strong shareholder returns plan in place, which is an added positive. On a year-to-date basis, the stock has relatively performed better than the industry.”
Several other research firms have also issued reports on ENR. Deutsche Bank reiterated a hold rating and set a $55.00 target price (down previously from $62.00) on shares of Energizer in a report on Saturday, July 22nd. Royal Bank Of Canada restated a buy rating on shares of Energizer in a research note on Tuesday, July 18th. Citigroup restated a buy rating and issued a $54.00 price objective on shares of Energizer in a research note on Wednesday, August 23rd. Jefferies Group reaffirmed a hold rating and issued a $52.00 target price (down previously from $54.00) on shares of Energizer in a research report on Monday, July 24th. Finally, UBS reaffirmed a neutral rating and issued a $47.00 target price (down previously from $49.00) on shares of Energizer in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Energizer currently has an average rating of Hold and an average target price of $51.88.
Energizer (NYSE:ENR) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. Energizer had a return on equity of 291.65% and a net margin of 11.48%. The company had revenue of $465.00 million for the quarter, compared to analyst estimates of $437.36 million. During the same period in the previous year, the company posted $0.54 earnings per share. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. equities research analysts predict that Energizer will post 3.05 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This is a boost from Energizer’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 2.52%. Energizer’s dividend payout ratio is presently 36.14%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dean Investment Associates LLC lifted its stake in Energizer by 15.3% during the third quarter. Dean Investment Associates LLC now owns 69,630 shares of the company’s stock worth $3,206,000 after purchasing an additional 9,260 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in Energizer by 11.3% during the third quarter. Neuberger Berman Group LLC now owns 2,993,563 shares of the company’s stock worth $137,854,000 after purchasing an additional 304,730 shares during the last quarter. California Public Employees Retirement System lifted its stake in shares of Energizer by 1.5% in the 3rd quarter. California Public Employees Retirement System now owns 118,000 shares of the company’s stock valued at $5,434,000 after acquiring an additional 1,800 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Energizer by 47.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 7,397 shares of the company’s stock valued at $341,000 after acquiring an additional 2,382 shares during the last quarter. Finally, Affinity Wealth Management bought a new position in shares of Energizer in the 3rd quarter valued at $295,000. Hedge funds and other institutional investors own 99.32% of the company’s stock.
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Energizer Company Profile
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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