Analysts expect Energizer Holdings Inc (NYSE:ENR) to post earnings per share (EPS) of $0.22 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Energizer’s earnings. The lowest EPS estimate is $0.19 and the highest is $0.24. Energizer posted earnings of $0.45 per share during the same quarter last year, which suggests a negative year over year growth rate of 51.1%. The business is expected to issue its next earnings report before the market opens on Tuesday, May 7th.
On average, analysts expect that Energizer will report full year earnings of $3.00 per share for the current financial year, with EPS estimates ranging from $2.95 to $3.06. For the next fiscal year, analysts forecast that the firm will post earnings of $3.51 per share, with EPS estimates ranging from $3.39 to $3.57. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Energizer.
Energizer (NYSE:ENR) last announced its earnings results on Tuesday, February 5th. The company reported $1.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.11. Energizer had a return on equity of 452.08% and a net margin of 5.78%. The firm had revenue of $572.00 million for the quarter, compared to the consensus estimate of $572.02 million. During the same period in the previous year, the business earned $1.55 EPS. The firm’s revenue for the quarter was down .2% on a year-over-year basis.
ENR has been the topic of several research analyst reports. Goldman Sachs Group upgraded Energizer from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $48.00 to $60.00 in a research note on Sunday, March 31st. Jefferies Financial Group reiterated a “buy” rating and set a $64.00 price target on shares of Energizer in a research note on Tuesday, January 15th. Evercore ISI started coverage on Energizer in a research note on Tuesday, February 12th. They set an “outperform” rating and a $55.00 price target on the stock. ValuEngine downgraded Energizer from a “hold” rating to a “sell” rating in a research note on Tuesday, January 22nd. Finally, Barclays reiterated a “buy” rating and set a $54.00 price target on shares of Energizer in a research note on Sunday, March 3rd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $58.42.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CX Institutional acquired a new position in Energizer in the 4th quarter worth about $51,000. Parkside Financial Bank & Trust raised its holdings in shares of Energizer by 20.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,250 shares of the company’s stock valued at $57,000 after acquiring an additional 215 shares during the last quarter. Eukles Asset Management acquired a new position in shares of Energizer during the fourth quarter valued at approximately $98,000. Point72 Hong Kong Ltd acquired a new position in shares of Energizer during the third quarter valued at approximately $100,000. Finally, NumerixS Investment Technologies Inc raised its holdings in shares of Energizer by 500.0% during the fourth quarter. NumerixS Investment Technologies Inc now owns 2,400 shares of the company’s stock valued at $108,000 after acquiring an additional 2,000 shares during the last quarter. 79.43% of the stock is owned by institutional investors.
Shares of ENR stock opened at $48.51 on Friday. Energizer has a 1-year low of $42.74 and a 1-year high of $65.57. The company has a current ratio of 1.45, a quick ratio of 1.10 and a debt-to-equity ratio of 13.86. The firm has a market cap of $3.39 billion, a P/E ratio of 14.39, a price-to-earnings-growth ratio of 3.96 and a beta of 0.48.
Energizer Holdings, Inc manufacturers and markets batteries and lighting products. The company’s products include household batteries, specialty batteries, and portable lighting. Energizer Holdings was founded in 2000 and is headquartered in St. Louis, MO.
Featured Article: Asset Allocation, Balancing Your Investments
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Energizer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energizer and related companies with MarketBeat.com's FREE daily email newsletter.