$455.75 Million in Sales Expected for Energizer Holdings Inc (ENR) This Quarter

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Wall Street analysts expect Energizer Holdings Inc (NYSE:ENR) to post sales of $455.75 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Energizer’s earnings, with the highest sales estimate coming in at $461.70 million and the lowest estimate coming in at $446.40 million. Energizer posted sales of $465.10 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 2%. The company is scheduled to announce its next earnings report before the market opens on Thursday, November 15th.

According to Zacks, analysts expect that Energizer will report full-year sales of $1.79 billion for the current financial year, with estimates ranging from $1.78 billion to $1.80 billion. For the next financial year, analysts anticipate that the company will report sales of $1.80 billion, with estimates ranging from $1.76 billion to $1.85 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Energizer.

Energizer (NYSE:ENR) last posted its earnings results on Wednesday, August 1st. The company reported $0.54 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.54. Energizer had a net margin of 6.98% and a return on equity of 359.49%. The firm had revenue of $392.80 million during the quarter, compared to the consensus estimate of $389.13 million. During the same quarter last year, the firm earned $0.43 EPS. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis.

Several equities analysts have commented on ENR shares. Deutsche Bank boosted their price target on shares of Energizer from $64.00 to $68.00 and gave the stock a “hold” rating in a research note on Thursday, August 16th. Citigroup boosted their price target on shares of Energizer from $60.00 to $66.00 and gave the stock a “neutral” rating in a research note on Friday, June 29th. Jefferies Financial Group upgraded shares of Energizer to a “buy” rating and set a $80.00 price target for the company in a research note on Thursday, July 19th. ValuEngine downgraded shares of Energizer from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th. Finally, Zacks Investment Research upgraded shares of Energizer from a “sell” rating to a “hold” rating in a research note on Tuesday, July 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. Energizer presently has a consensus rating of “Hold” and an average target price of $68.20.

In other news, VP Mark Stephen Lavigne sold 12,484 shares of Energizer stock in a transaction on Thursday, July 26th. The shares were sold at an average price of $65.08, for a total transaction of $812,458.72. Following the completion of the sale, the vice president now directly owns 22,394 shares of the company’s stock, valued at approximately $1,457,401.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Bill G. Armstrong sold 1,000 shares of Energizer stock in a transaction on Wednesday, October 10th. The stock was sold at an average price of $60.65, for a total transaction of $60,650.00. Following the sale, the director now directly owns 24,387 shares of the company’s stock, valued at $1,479,071.55. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,294 shares of company stock valued at $1,179,569. Corporate insiders own 1.79% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in Energizer by 0.3% in the second quarter. BlackRock Inc. now owns 5,329,302 shares of the company’s stock valued at $335,535,000 after acquiring an additional 15,326 shares during the last quarter. FMR LLC lifted its position in Energizer by 142.1% in the second quarter. FMR LLC now owns 1,966,141 shares of the company’s stock valued at $123,788,000 after acquiring an additional 1,153,941 shares during the last quarter. Scopus Asset Management L.P. purchased a new stake in Energizer in the second quarter valued at $69,256,000. Principal Financial Group Inc. lifted its position in Energizer by 94.1% in the first quarter. Principal Financial Group Inc. now owns 969,684 shares of the company’s stock valued at $57,774,000 after acquiring an additional 470,010 shares during the last quarter. Finally, Schroder Investment Management Group lifted its position in Energizer by 14.4% in the second quarter. Schroder Investment Management Group now owns 738,173 shares of the company’s stock valued at $46,460,000 after acquiring an additional 92,900 shares during the last quarter. 96.18% of the stock is owned by institutional investors and hedge funds.

Energizer stock traded up $0.24 during trading on Thursday, hitting $59.52. The company had a trading volume of 521,795 shares, compared to its average volume of 609,030. Energizer has a 1-year low of $40.64 and a 1-year high of $65.57. The company has a debt-to-equity ratio of 20.43, a quick ratio of 1.31 and a current ratio of 1.82. The company has a market capitalization of $3.56 billion, a PE ratio of 19.32, a price-to-earnings-growth ratio of 2.23 and a beta of 0.81.

About Energizer

Energizer Holdings, Inc, together with its subsidiaries, manufactures, markets, and distributes household batteries, specialty batteries, and lighting products worldwide. It offers lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide batteries under the Energizer and Eveready brands, as well as primary, rechargeable, specialty, and hearing aid products.

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