Energizer Holdings Inc (NYSE:ENR) – Research analysts at SunTrust Banks upped their FY2019 earnings per share estimates for Energizer in a research report issued to clients and investors on Wednesday. SunTrust Banks analyst W. Chappell now anticipates that the company will post earnings per share of $3.81 for the year, up from their previous forecast of $3.30. SunTrust Banks currently has a “Buy” rating and a $70.00 target price on the stock. SunTrust Banks also issued estimates for Energizer’s Q4 2019 earnings at $0.98 EPS.

Energizer (NYSE:ENR) last issued its quarterly earnings results on Wednesday, January 31st. The company reported $1.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.12. The business had revenue of $573.30 million during the quarter, compared to the consensus estimate of $566.50 million. Energizer had a net margin of 9.40% and a return on equity of 274.69%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.51 EPS.

ENR has been the subject of a number of other research reports. Off Wall Street assumed coverage on shares of Energizer in a research report on Monday, October 30th. They issued a “sell” rating for the company. Zacks Investment Research downgraded shares of Energizer from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Deutsche Bank upgraded shares of Energizer from a “hold” rating to a “buy” rating and cut their target price for the stock from $50.00 to $49.00 in a research report on Thursday, January 4th. Morgan Stanley cut their target price on shares of Energizer from $53.00 to $50.00 and set an “equal weight” rating for the company in a research report on Thursday, November 9th. Finally, Jefferies Group reiterated a “hold” rating and issued a $47.00 target price on shares of Energizer in a research report on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Energizer has an average rating of “Hold” and a consensus price target of $59.22.

Shares of Energizer (NYSE ENR) traded down $1.42 during trading hours on Monday, hitting $54.60. 660,116 shares of the company traded hands, compared to its average volume of 1,260,833. The company has a current ratio of 1.90, a quick ratio of 1.39 and a debt-to-equity ratio of 29.02. The stock has a market cap of $3,305.40, a P/E ratio of 20.90, a PEG ratio of 1.40 and a beta of 0.89. Energizer has a fifty-two week low of $40.64 and a fifty-two week high of $62.86.

Several institutional investors and hedge funds have recently made changes to their positions in ENR. Teachers Advisors LLC increased its stake in shares of Energizer by 74.5% during the 2nd quarter. Teachers Advisors LLC now owns 116,582 shares of the company’s stock worth $5,598,000 after purchasing an additional 49,789 shares during the last quarter. Thrivent Financial For Lutherans increased its stake in shares of Energizer by 7.6% during the 2nd quarter. Thrivent Financial For Lutherans now owns 12,530 shares of the company’s stock worth $602,000 after purchasing an additional 890 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Energizer by 13.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 52,326 shares of the company’s stock worth $2,513,000 after purchasing an additional 6,177 shares during the last quarter. Northern Trust Corp increased its stake in shares of Energizer by 2.7% during the 2nd quarter. Northern Trust Corp now owns 528,663 shares of the company’s stock worth $25,387,000 after purchasing an additional 14,117 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Energizer by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 5,221,575 shares of the company’s stock worth $250,740,000 after purchasing an additional 28,652 shares during the last quarter. Institutional investors own 97.23% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 20th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.16 annualized dividend and a dividend yield of 2.12%. Energizer’s dividend payout ratio (DPR) is 43.28%.

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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.

Earnings History and Estimates for Energizer (NYSE:ENR)

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