$741.52 Million in Sales Expected for Energizer Holdings Inc (NYSE:ENR) This Quarter

Equities analysts predict that Energizer Holdings Inc (NYSE:ENR) will report $741.52 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Energizer’s earnings, with estimates ranging from $734.77 million to $759.80 million. Energizer reported sales of $571.90 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 29.7%. The company is expected to issue its next earnings report on Tuesday, February 4th.

According to Zacks, analysts expect that Energizer will report full-year sales of $2.74 billion for the current year, with estimates ranging from $2.73 billion to $2.74 billion. For the next financial year, analysts forecast that the company will report sales of $2.79 billion, with estimates ranging from $2.78 billion to $2.81 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Energizer.

Energizer (NYSE:ENR) last announced its earnings results on Wednesday, November 13th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.12. Energizer had a return on equity of 47.23% and a net margin of 2.05%. The business had revenue of $719.00 million during the quarter, compared to analyst estimates of $712.79 million. During the same quarter in the previous year, the business earned $0.83 earnings per share. The company’s revenue for the quarter was up 57.3% compared to the same quarter last year.

A number of analysts have weighed in on ENR shares. ValuEngine upgraded Energizer from a “sell” rating to a “hold” rating in a research note on Thursday. Morgan Stanley boosted their target price on shares of Energizer from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Monday, December 2nd. UBS Group upped their price target on shares of Energizer from $46.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Evercore ISI reaffirmed a “buy” rating and issued a $60.00 price target on shares of Energizer in a research note on Friday, November 22nd. Finally, SunTrust Banks lifted their price objective on shares of Energizer from $50.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $55.23.

ENR traded down $0.69 during trading hours on Friday, reaching $51.41. 728,400 shares of the company’s stock traded hands, compared to its average volume of 929,570. The firm has a 50-day moving average price of $46.76 and a 200 day moving average price of $41.98. Energizer has a 52-week low of $32.54 and a 52-week high of $53.03. The company has a quick ratio of 1.47, a current ratio of 1.91 and a debt-to-equity ratio of 6.37. The firm has a market capitalization of $3.60 billion, a PE ratio of 17.14, a PEG ratio of 2.23 and a beta of 0.64.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, November 26th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Monday, November 25th. Energizer’s dividend payout ratio (DPR) is presently 40.00%.

Hedge funds have recently modified their holdings of the business. Nisa Investment Advisors LLC boosted its position in Energizer by 1.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 25,210 shares of the company’s stock valued at $1,099,000 after acquiring an additional 400 shares in the last quarter. Landmark Bank boosted its position in Energizer by 0.7% during the third quarter. Landmark Bank now owns 61,086 shares of the company’s stock valued at $2,662,000 after purchasing an additional 447 shares in the last quarter. Texas Permanent School Fund grew its stake in Energizer by 1.1% in the third quarter. Texas Permanent School Fund now owns 43,615 shares of the company’s stock valued at $1,901,000 after purchasing an additional 461 shares during the last quarter. First Republic Investment Management Inc. grew its stake in Energizer by 0.7% in the second quarter. First Republic Investment Management Inc. now owns 63,709 shares of the company’s stock valued at $2,462,000 after purchasing an additional 474 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in Energizer by 32.8% in the second quarter. Parkside Financial Bank & Trust now owns 1,939 shares of the company’s stock worth $75,000 after purchasing an additional 479 shares in the last quarter. Institutional investors and hedge funds own 96.74% 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.

Featured Article: volatile stocks

Get a free copy of the Zacks research report on Energizer (ENR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Energizer (NYSE:ENR)

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.