Energizer Holdings, Inc. (EPC) Shares Gap Down Following Weak Earnings
Energizer Holdings, Inc. (NYSE:EPC) shares gapped down before the market opened on Friday following a dissappointing earnings announcement. The stock had previously closed at $61.40, but opened at $59.40. Energizer Holdings shares last traded at $56.88, with a volume of 837512 shares traded.
The company reported $1.00 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.03). The firm had revenue of $564.90 million during the quarter, compared to analysts’ expectations of $588.28 million. Energizer Holdings had a return on equity of 12.54% and a net margin of 0.25%. The business’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.06 earnings per share.
A number of equities analysts have recently commented on EPC shares. Deutsche Bank AG restated a “hold” rating and issued a $75.00 price objective (down from $77.00) on shares of Energizer Holdings in a report on Saturday, July 22nd. Zacks Investment Research downgraded Energizer Holdings from a “buy” rating to a “hold” rating in a report on Friday, July 21st. Jefferies Group LLC restated a “hold” rating and issued a $78.00 price objective on shares of Energizer Holdings in a report on Thursday, October 19th. Royal Bank Of Canada restated a “buy” rating and issued a $105.00 price objective on shares of Energizer Holdings in a report on Sunday, July 16th. Finally, Bank of America Corporation cut their price objective on Energizer Holdings from $79.00 to $77.00 and set a “neutral” rating on the stock in a report on Friday, October 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Energizer Holdings currently has a consensus rating of “Hold” and an average price target of $80.30.
Several institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in shares of Energizer Holdings by 13.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,476,454 shares of the company’s stock worth $252,077,000 after acquiring an additional 419,403 shares in the last quarter. Virginia Retirement Systems ET AL acquired a new position in shares of Energizer Holdings in the 3rd quarter worth approximately $211,000. Legal & General Group Plc grew its position in shares of Energizer Holdings by 2.0% in the 3rd quarter. Legal & General Group Plc now owns 247,243 shares of the company’s stock worth $17,992,000 after acquiring an additional 4,890 shares in the last quarter. Great West Life Assurance Co. Can grew its position in shares of Energizer Holdings by 7.3% in the 3rd quarter. Great West Life Assurance Co. Can now owns 350,316 shares of the company’s stock worth $25,382,000 after acquiring an additional 23,712 shares in the last quarter. Finally, TD Asset Management Inc. acquired a new position in shares of Energizer Holdings in the 3rd quarter worth approximately $1,492,000. Institutional investors own 89.55% of the company’s stock.
The company has a market cap of $3,384.10, a PE ratio of 14.93, a P/E/G ratio of 2.06 and a beta of 0.91. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.26 and a quick ratio of 1.64.
Energizer Holdings Company Profile
Edgewell Personal Care Company is a manufacturer and marketer of personal care products in the wet shave, sun and skin care, feminine care and infant care categories. As of September 30, 2016, the Company had a portfolio of over 25 brands. It manages its business in four segments: Wet Shave, Sun and Skin Care, Feminine Care and All Other.
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