Zacks Investment Research cut shares of Energizer Holdings, Inc. (NYSE:ENR) from a buy rating to a hold rating in a research report released on Monday, August 7th.
According to Zacks, “Energizer reported third-quarter fiscal 2017 results wherein adjusted earnings beat the Zacks Consensus Estimate but revenues missed the consensus mark. However, on a year over year basis, revenues grew 3% year over year driven by the acquisition of auto care business. Energizer is one of the leading names in the global batteries and lighting products business. The company’s battery business generates over 90% of the revenues. Acquisition of HandStands diversified its portfolio by including brands like Refresh Your Car!, California Scents and Eagle One. Acquisition and strong product portfolio will continue to drive top line. Energizer also has a strong shareholder returns plan in place, which is an added positive. However, battery business faces threat as these days devices come equipped with in-built batteries. Moreover, stiff competition and unfavorable forex fluctuations are added concerns. Shares have underperformed the broader market.”
Other analysts have also recently issued reports about the company. Jefferies Group LLC reiterated a hold rating and issued a $54.00 target price (down from $62.00) on shares of Energizer Holdings in a report on Thursday, July 6th. Royal Bank Of Canada reiterated a buy rating and issued a $60.00 target price on shares of Energizer Holdings in a report on Thursday, June 8th. BidaskClub cut Energizer Holdings from a sell rating to a strong sell rating in a report on Wednesday, July 12th. Morgan Stanley cut Energizer Holdings from an overweight rating to an equal weight rating and upped their target price for the company from $58.00 to $61.00 in a report on Wednesday, April 19th. They noted that the move was a valuation call. Finally, KeyCorp upgraded Energizer Holdings from a sector weight rating to an overweight rating and set a $55.00 target price on the stock in a report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $53.86.
Energizer Holdings (NYSE:ENR) traded down 1.03% on Monday, reaching $41.33. 898,099 shares of the company traded hands. Energizer Holdings has a one year low of $40.98 and a one year high of $60.07. The firm has a 50 day moving average of $45.12 and a 200-day moving average of $52.11. The stock has a market capitalization of $2.56 billion, a PE ratio of 13.72 and a beta of 0.57.
Energizer Holdings (NYSE:ENR) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.06. Energizer Holdings had a return on equity of 529.84% and a net margin of 10.97%. The company had revenue of $372 million during the quarter, compared to the consensus estimate of $390.88 million. During the same quarter in the prior year, the firm posted $0.32 earnings per share. The firm’s revenue was up 3.0% compared to the same quarter last year. On average, analysts anticipate that Energizer Holdings will post $2.90 EPS for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Monday, August 21st will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend is Thursday, August 17th. Energizer Holdings’s payout ratio is 36.54%.
In other Energizer Holdings news, Director Robert V. Vitale purchased 7,300 shares of the business’s stock in a transaction on Friday, August 4th. The shares were purchased at an average cost of $41.61 per share, for a total transaction of $303,753.00. Following the acquisition, the director now owns 2,300 shares of the company’s stock, valued at $95,703. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.73% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of ENR. Archford Capital Strategies LLC boosted its position in Energizer Holdings by 165,940.0% in the second quarter. Archford Capital Strategies LLC now owns 8,302 shares of the company’s stock worth $2,305,000 after buying an additional 8,297 shares during the last quarter. Verition Fund Management LLC boosted its position in Energizer Holdings by 129.9% in the second quarter. Verition Fund Management LLC now owns 25,054 shares of the company’s stock worth $1,203,000 after buying an additional 14,157 shares during the last quarter. Dean Capital Management acquired a new position in Energizer Holdings during the second quarter worth about $1,870,000. Sterling Capital Management LLC boosted its position in Energizer Holdings by 0.9% in the second quarter. Sterling Capital Management LLC now owns 51,680 shares of the company’s stock worth $2,482,000 after buying an additional 450 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new position in Energizer Holdings during the second quarter worth about $461,000. Hedge funds and other institutional investors own 92.51% of the company’s stock.
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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