Energizer Holdings, Inc. (NYSE:ENR) released its earnings results on Wednesday, August 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.06, Morningstar.com reports. The firm had revenue of $372 million during the quarter, compared to analyst estimates of $390.88 million. Energizer Holdings had a net margin of 10.97% and a return on equity of 529.84%. The business’s revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the business earned $0.32 EPS. Energizer Holdings updated its FY17 guidance to $2.85-2.90 EPS.
Energizer Holdings (NYSE:ENR) traded up 1.24% on Friday, reaching $41.65. 1,353,367 shares of the company’s stock were exchanged. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 13.83 and a beta of 0.57. The firm has a 50 day moving average of $46.17 and a 200-day moving average of $52.42. Energizer Holdings has a one year low of $40.98 and a one year high of $60.07.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Monday, August 21st will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date is Thursday, August 17th. Energizer Holdings’s dividend payout ratio (DPR) is 36.54%.
In other news, Director Robert V. Vitale bought 7,300 shares of Energizer Holdings stock in a transaction that occurred on Friday, August 4th. The shares were purchased at an average price of $41.61 per share, with a total value of $303,753.00. Following the completion of the acquisition, the director now directly owns 2,300 shares in the company, valued at $95,703. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.73% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of the stock. Creative Planning boosted its stake in shares of Energizer Holdings by 0.4% in the first quarter. Creative Planning now owns 1,999 shares of the company’s stock valued at $111,000 after buying an additional 7 shares during the period. Acrospire Investment Management LLC purchased a new stake in shares of Energizer Holdings during the first quarter valued at $114,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Energizer Holdings by 7.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,412 shares of the company’s stock valued at $116,000 after buying an additional 169 shares during the period. IFP Advisors Inc boosted its stake in shares of Energizer Holdings by 7.1% in the second quarter. IFP Advisors Inc now owns 2,607 shares of the company’s stock valued at $125,000 after buying an additional 172 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of Energizer Holdings by 149.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 3,460 shares of the company’s stock valued at $166,000 after buying an additional 2,071 shares during the period. 91.69% of the stock is currently owned by hedge funds and other institutional investors.
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ENR has been the subject of several analyst reports. Morgan Stanley lowered shares of Energizer Holdings from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $58.00 to $61.00 in a report on Wednesday, April 19th. They noted that the move was a valuation call. Jefferies Group LLC lifted their price objective on shares of Energizer Holdings from $54.00 to $60.00 and gave the company a “hold” rating in a report on Wednesday, April 19th. Royal Bank Of Canada decreased their price objective on shares of Energizer Holdings from $57.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, May 5th. Zacks Investment Research lowered shares of Energizer Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Finally, BidaskClub lowered shares of Energizer Holdings from a “hold” rating to a “sell” rating in a report on Thursday, June 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. Energizer Holdings has an average rating of “Hold” and an average target price of $53.86.
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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