Wall Street brokerages expect Energizer Holdings Inc (NYSE:ENR) to announce $715.20 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Energizer’s earnings, with estimates ranging from $712.24 million to $720.80 million. Energizer posted sales of $457.20 million during the same quarter last year, which suggests a positive year over year growth rate of 56.4%. The business is expected to announce its next quarterly earnings results on Thursday, November 21st.

On average, analysts expect that Energizer will report full year sales of $2.49 billion for the current fiscal year, with estimates ranging from $2.49 billion to $2.50 billion. For the next year, analysts anticipate that the business will report sales of $2.77 billion, with estimates ranging from $2.75 billion to $2.80 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Energizer.

Energizer (NYSE:ENR) last issued its earnings results on Tuesday, August 6th. The company reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.10). Energizer had a net margin of 0.29% and a return on equity of 60.51%. The company had revenue of $647.20 million during the quarter, compared to analyst estimates of $673.50 million. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The business’s revenue was up 64.8% on a year-over-year basis.

Several equities analysts have recently issued reports on ENR shares. Zacks Investment Research downgraded Energizer from a “hold” rating to a “sell” rating and set a $45.00 price objective for the company. in a research report on Friday, June 14th. Royal Bank of Canada reiterated a “buy” rating and set a $70.00 price objective on shares of Energizer in a research report on Thursday, August 8th. Bank of America reiterated an “underperform” rating and set a $35.00 price objective (down from $40.00) on shares of Energizer in a research report on Wednesday, August 7th. JPMorgan Chase & Co. downgraded Energizer from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $45.00 to $36.00 in a research report on Wednesday, June 19th. Finally, Citigroup upgraded Energizer from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $50.00 to $54.00 in a research report on Tuesday, May 14th. Four investment analysts have rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $53.58.

ENR stock traded up $0.93 during midday trading on Wednesday, reaching $37.28. The company had a trading volume of 713,500 shares, compared to its average volume of 916,304. The company has a quick ratio of 1.40, a current ratio of 1.88 and a debt-to-equity ratio of 6.12. The stock has a 50 day moving average price of $38.92 and a 200 day moving average price of $43.67. Energizer has a fifty-two week low of $32.54 and a fifty-two week high of $65.06. The firm has a market capitalization of $2.44 billion, a PE ratio of 11.06, a P/E/G ratio of 6.56 and a beta of 0.55.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th will be given a $0.30 dividend. The ex-dividend date is Monday, August 19th. This represents a $1.20 dividend on an annualized basis and a yield of 3.22%. Energizer’s dividend payout ratio (DPR) is 35.61%.

In other news, CFO Timothy W. Gorman bought 10,000 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was purchased at an average cost of $35.73 per share, for a total transaction of $357,300.00. Following the completion of the transaction, the chief financial officer now directly owns 55,072 shares of the company’s stock, valued at approximately $1,967,722.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Emily K. Boss bought 2,750 shares of the business’s stock in a transaction on Friday, August 9th. The stock was purchased at an average price of $36.31 per share, with a total value of $99,852.50. Following the completion of the transaction, the vice president now directly owns 26,742 shares of the company’s stock, valued at $971,002.02. The disclosure for this purchase can be found here. Insiders acquired 41,327 shares of company stock valued at $1,482,040 over the last 90 days. 2.25% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Twin Tree Management LP acquired a new stake in Energizer in the first quarter worth approximately $28,000. Quantamental Technologies LLC bought a new position in shares of Energizer in the first quarter valued at $29,000. Osborn Williams & Donohoe LLC bought a new position in shares of Energizer in the first quarter valued at $31,000. Advisory Services Network LLC increased its holdings in shares of Energizer by 107.7% in the first quarter. Advisory Services Network LLC now owns 754 shares of the company’s stock valued at $34,000 after buying an additional 391 shares in the last quarter. Finally, Trust Co. of Vermont bought a new position in shares of Energizer in the second quarter valued at $39,000. Hedge funds and other institutional investors own 94.22% of the company’s stock.

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.

Further Reading: Why is the price-sales ratio important?

Get a free copy of the Zacks research report on Energizer (ENR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Energizer (NYSE:ENR)

Receive News & Ratings for Energizer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energizer and related companies with MarketBeat.com's FREE daily email newsletter.