KeyCorp Comments on Energizer Holdings, Inc.’s FY2018 Earnings (EPC)
Energizer Holdings, Inc. (NYSE:EPC) – Equities research analysts at KeyCorp cut their FY2018 earnings per share (EPS) estimates for Energizer Holdings in a report released on Thursday. KeyCorp analyst J. Gere now forecasts that the company will post earnings of $3.90 per share for the year, down from their prior forecast of $4.17. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Energizer Holdings’ Q1 2019 earnings at $0.61 EPS, Q2 2019 earnings at $1.13 EPS, Q3 2019 earnings at $1.29 EPS, Q4 2019 earnings at $1.17 EPS and FY2019 earnings at $4.19 EPS.
Energizer Holdings (NYSE:EPC) last released its earnings results on Thursday, November 9th. The company reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.03). Energizer Holdings had a return on equity of 12.54% and a net margin of 0.25%. The business had revenue of $564.90 million for the quarter, compared to the consensus estimate of $588.28 million. During the same quarter in the previous year, the company earned $1.06 earnings per share. The firm’s revenue for the quarter was down 7.5% on a year-over-year basis.
EPC has been the subject of a number of other reports. BidaskClub upgraded Energizer Holdings from a “strong sell” rating to a “sell” rating in a report on Thursday, August 10th. Jefferies Group LLC restated a “hold” rating and issued a $78.00 target price on shares of Energizer Holdings in a research note on Tuesday, September 12th. Zacks Investment Research cut shares of Energizer Holdings from a “buy” rating to a “hold” rating in a research report on Friday, July 21st. SunTrust Banks, Inc. reissued a “hold” rating and set a $65.00 target price on shares of Energizer Holdings in a research report on Friday. Finally, Citigroup Inc. reissued a “buy” rating and set a $87.00 target price (up previously from $86.00) on shares of Energizer Holdings in a research report on Friday, August 11th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $78.91.
Energizer Holdings (NYSE:EPC) opened at $57.31 on Monday. The company has a market capitalization of $3,265.03, a price-to-earnings ratio of 14.40, a PEG ratio of 2.03 and a beta of 0.91. Energizer Holdings has a 12 month low of $55.94 and a 12 month high of $82.69. The company has a quick ratio of 1.63, a current ratio of 2.26 and a debt-to-equity ratio of 0.88.
Several institutional investors and hedge funds have recently added to or reduced their stakes in EPC. Teachers Advisors LLC grew its position in shares of Energizer Holdings by 5.0% during the 1st quarter. Teachers Advisors LLC now owns 64,333 shares of the company’s stock valued at $4,705,000 after purchasing an additional 3,074 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Energizer Holdings by 6.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 549,133 shares of the company’s stock valued at $40,164,000 after purchasing an additional 33,535 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of Energizer Holdings by 1.3% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 7,560 shares of the company’s stock valued at $553,000 after purchasing an additional 100 shares in the last quarter. Creative Planning grew its position in shares of Energizer Holdings by 0.9% during the 2nd quarter. Creative Planning now owns 2,007 shares of the company’s stock valued at $153,000 after purchasing an additional 18 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in shares of Energizer Holdings by 48.4% during the 2nd quarter. Fisher Asset Management LLC now owns 103,467 shares of the company’s stock valued at $7,866,000 after purchasing an additional 33,745 shares in the last quarter. Hedge funds and other institutional investors own 90.27% of the company’s stock.
About Energizer Holdings
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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