Zacks Investment Research cut shares of Energizer Holdings, Inc. (NYSE:ENR) from a buy rating to a hold rating in a research note issued to investors on Monday.
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 analysts also recently issued reports on the company. Royal Bank Of Canada reissued a buy rating on shares of Energizer Holdings in a report on Tuesday, July 18th. KeyCorp raised Energizer Holdings from a sector weight rating to an overweight rating and set a $55.00 price target on the stock in a report on Tuesday, July 18th. Deutsche Bank AG reissued a hold rating and issued a $55.00 price target (down previously from $62.00) on shares of Energizer Holdings in a report on Saturday, July 22nd. Off Wall Street started coverage on Energizer Holdings in a report on Monday, October 30th. They issued a sell rating on the stock. Finally, Citigroup Inc. reissued a buy rating and issued a $54.00 price target on shares of Energizer Holdings in a report on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $51.88.
Energizer Holdings (NYSE:ENR) traded up $1.24 during trading hours on Monday, reaching $45.11. The company’s stock had a trading volume of 992,800 shares, compared to its average volume of 728,947. The company has a current ratio of 1.75, a quick ratio of 1.21 and a debt-to-equity ratio of 11.50. Energizer Holdings has a 52 week low of $40.64 and a 52 week high of $60.07. The company has a market cap of $2,664.61, a P/E ratio of 14.72, a PEG ratio of 1.46 and a beta of 0.55.
Energizer Holdings (NYSE:ENR) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.06. The business had revenue of $465.00 million for the quarter, compared to the consensus estimate of $437.36 million. Energizer Holdings had a return on equity of 291.65% and a net margin of 11.48%. The business’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the business posted $0.54 EPS. analysts anticipate that Energizer Holdings will post 3.05 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be given a $0.29 dividend. This is a boost from Energizer Holdings’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 2.57%. The ex-dividend date is Wednesday, November 29th. Energizer Holdings’s dividend payout ratio (DPR) is currently 34.16%.
In other news, CEO Alan R. Hoskins purchased 12,112 shares of the stock in a transaction dated Monday, August 21st. The shares were bought at an average cost of $41.28 per share, for a total transaction of $499,983.36. Following the transaction, the chief executive officer now owns 98,887 shares in the company, valued at $4,082,055.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Timothy W. Gorman purchased 6,300 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were purchased at an average price of $42.26 per share, for a total transaction of $266,238.00. Following the completion of the transaction, the chief financial officer now owns 20,974 shares in the company, valued at approximately $886,361.24. The disclosure for this purchase can be found here. 1.73% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of the company. Dean Investment Associates LLC increased its position in shares of Energizer Holdings by 15.3% during the 3rd quarter. Dean Investment Associates LLC now owns 69,630 shares of the company’s stock valued at $3,206,000 after purchasing an additional 9,260 shares during the period. Neuberger Berman Group LLC increased its position in shares of Energizer Holdings by 11.3% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,993,563 shares of the company’s stock valued at $137,854,000 after purchasing an additional 304,730 shares during the period. California Public Employees Retirement System increased its position in shares of Energizer Holdings by 1.5% during the 3rd quarter. California Public Employees Retirement System now owns 118,000 shares of the company’s stock valued at $5,434,000 after purchasing an additional 1,800 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Energizer Holdings by 47.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 7,397 shares of the company’s stock valued at $341,000 after purchasing an additional 2,382 shares during the period. Finally, Affinity Wealth Management acquired a new position in shares of Energizer Holdings during the 3rd quarter valued at $295,000. Institutional investors own 94.34% of the company’s stock.
Energizer Holdings 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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