$713.05 Million in Sales Expected for Energizer Holdings Inc (NYSE:ENR) This Quarter

Equities research analysts forecast that Energizer Holdings Inc (NYSE:ENR) will post sales of $713.05 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Energizer’s earnings. The lowest sales estimate is $708.42 million and the highest is $720.80 million. Energizer posted sales of $457.20 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 56%. The company is expected to issue its next quarterly earnings results before the market opens on Wednesday, November 13th.

On average, analysts expect that Energizer will report full-year sales of $2.49 billion for the current year, with estimates ranging from $2.48 billion to $2.50 billion. For the next fiscal year, analysts anticipate that the business will report sales of $2.77 billion, with estimates ranging from $2.74 billion to $2.80 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for Energizer.

Energizer (NYSE:ENR) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.10). The company had revenue of $647.20 million during the quarter, compared to analysts’ expectations of $673.50 million. Energizer had a return on equity of 60.51% and a net margin of 0.29%. Energizer’s revenue for the quarter was up 64.8% on a year-over-year basis. During the same period last year, the firm earned $0.54 earnings per share.

A number of equities research analysts have recently weighed in on ENR shares. Bank of America upgraded Energizer from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $35.00 to $48.00 in a research report on Monday, September 9th. UBS Group upgraded Energizer from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $50.00 to $46.00 in a research report on Thursday, August 22nd. ValuEngine upgraded Energizer from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Deutsche Bank upgraded Energizer from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $38.00 to $52.00 in a research report on Wednesday, June 26th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $70.00 price objective on shares of Energizer in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $54.00.

In other news, Director John Eddy Klein purchased 840 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were bought at an average cost of $35.48 per share, for a total transaction of $29,803.20. Following the completion of the transaction, the director now directly owns 7,840 shares of the company’s stock, valued at approximately $278,163.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Timothy W. Gorman purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were purchased at an average price of $35.73 per share, for a total transaction of $357,300.00. Following the completion of the transaction, the chief financial officer now directly owns 55,072 shares of the company’s stock, valued at $1,967,722.56. The disclosure for this purchase can be found here. Insiders have purchased 39,153 shares of company stock worth $1,389,776 over the last 90 days. 2.25% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Swiss National Bank boosted its holdings in Energizer by 13.6% in the second quarter. Swiss National Bank now owns 123,525 shares of the company’s stock worth $4,773,000 after acquiring an additional 14,800 shares in the last quarter. US Bancorp DE boosted its holdings in Energizer by 7.3% in the second quarter. US Bancorp DE now owns 63,760 shares of the company’s stock worth $2,463,000 after acquiring an additional 4,339 shares in the last quarter. FMR LLC boosted its holdings in Energizer by 36.0% in the first quarter. FMR LLC now owns 3,062,185 shares of the company’s stock worth $137,584,000 after acquiring an additional 810,576 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in Energizer in the second quarter worth $84,000. Finally, Landscape Capital Management L.L.C. bought a new stake in Energizer in the second quarter worth $1,712,000. Institutional investors own 98.18% of the company’s stock.

Shares of ENR stock traded down $0.26 during trading hours on Monday, reaching $42.95. The company’s stock had a trading volume of 429,900 shares, compared to its average volume of 903,020. The stock has a market capitalization of $2.89 billion, a P/E ratio of 12.74, a P/E/G ratio of 7.02 and a beta of 0.59. Energizer has a one year low of $32.54 and a one year high of $61.78. The firm’s fifty day simple moving average is $41.77 and its 200 day simple moving average is $41.92. The company has a current ratio of 1.88, a quick ratio of 1.40 and a debt-to-equity ratio of 6.12.

About Energizer

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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