Energizer Holdings Inc (ENR) Expected to Announce Quarterly Sales of $672.94 Million

Equities research analysts expect Energizer Holdings Inc (NYSE:ENR) to announce sales of $672.94 million for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Energizer’s earnings, with estimates ranging from $659.50 million to $681.63 million. Energizer reported sales of $392.80 million during the same quarter last year, which indicates a positive year over year growth rate of 71.3%. The firm is expected to report its next quarterly earnings results on Wednesday, August 7th.

According to Zacks, analysts expect that Energizer will report full-year sales of $2.53 billion for the current financial year, with estimates ranging from $2.53 billion to $2.54 billion. For the next year, analysts expect that the business will post sales of $2.86 billion, with estimates ranging from $2.80 billion to $3.03 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Energizer.

Energizer (NYSE:ENR) last released its earnings results on Tuesday, May 7th. The company reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.02). The firm had revenue of $556.40 million for the quarter, compared to analyst estimates of $565.61 million. Energizer had a return on equity of 102.03% and a net margin of 1.15%. The firm’s revenue was up 48.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 EPS.



A number of research analysts have weighed in on ENR shares. Goldman Sachs Group raised shares of 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 report on Sunday, March 31st. Jefferies Financial Group reissued a “buy” rating and set a $64.00 target price on shares of Energizer in a research report on Tuesday, January 15th. Evercore ISI started coverage on shares of Energizer in a research report on Tuesday, February 12th. They set an “outperform” rating and a $55.00 target price for the company. ValuEngine lowered shares of Energizer from a “hold” rating to a “sell” rating in a research report on Tuesday, January 22nd. Finally, Barclays restated a “buy” rating and set a $54.00 price objective on shares of Energizer in a report on Sunday, March 3rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. Energizer currently has a consensus rating of “Hold” and a consensus target price of $58.42.

Energizer stock opened at $42.46 on Tuesday. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 5.15 and a beta of 0.50. The company has a debt-to-equity ratio of 5.51, a current ratio of 2.14 and a quick ratio of 1.10. Energizer has a fifty-two week low of $41.88 and a fifty-two week high of $65.57.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Tuesday, May 21st will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, May 20th. This represents a $1.20 annualized dividend and a dividend yield of 2.83%. Energizer’s payout ratio is 35.61%.

Several large investors have recently bought and sold shares of the company. Parkside Financial Bank & Trust increased its holdings in shares of Energizer by 20.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,250 shares of the company’s stock worth $57,000 after purchasing an additional 215 shares during the period. State of Alaska Department of Revenue increased its stake in Energizer by 3.8% in the first quarter. State of Alaska Department of Revenue now owns 7,106 shares of the company’s stock valued at $318,000 after acquiring an additional 260 shares during the period. Advisor Group Inc. increased its stake in Energizer by 5.7% in the first quarter. Advisor Group Inc. now owns 5,357 shares of the company’s stock valued at $241,000 after acquiring an additional 288 shares during the period. Arizona State Retirement System increased its stake in Energizer by 0.8% in the fourth quarter. Arizona State Retirement System now owns 42,784 shares of the company’s stock valued at $1,932,000 after acquiring an additional 344 shares during the period. Finally, Securian Asset Management Inc increased its stake in Energizer by 6.4% in the first quarter. Securian Asset Management Inc now owns 7,687 shares of the company’s stock valued at $345,000 after acquiring an additional 460 shares during the period. Institutional investors own 79.61% of the company’s stock.

Energizer Company Profile

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.

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Earnings History and Estimates for Energizer (NYSE:ENR)

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