Energizer Holdings Inc (NYSE:ENR) gapped up before the market opened on Monday . The stock had previously closed at $57.68, but opened at $59.58. Energizer shares last traded at $55.94, with a volume of 534789 shares.
Several equities research analysts recently weighed in on ENR shares. SunTrust Banks increased their price target on Energizer to $70.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. KeyCorp reaffirmed a “buy” rating and set a $64.00 price target (up from $55.00) on shares of Energizer in a report on Wednesday, January 17th. Zacks Investment Research raised Energizer from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Wednesday, January 10th. Deutsche Bank raised Energizer from a “hold” rating to a “buy” rating and reduced their target price for the company from $50.00 to $49.00 in a report on Thursday, January 4th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $65.00 target price on shares of Energizer in a report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $60.89.
The company has a debt-to-equity ratio of 29.02, a current ratio of 1.90 and a quick ratio of 1.39. The firm has a market cap of $3,556.08, a P/E ratio of 19.99, a price-to-earnings-growth ratio of 1.48 and a beta of 0.81.
Energizer (NYSE:ENR) last released its earnings results on Wednesday, January 31st. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.12. Energizer had a return on equity of 274.69% and a net margin of 9.40%. The company had revenue of $573.30 million during the quarter, compared to the consensus estimate of $566.50 million. During the same quarter last year, the company earned $1.51 earnings per share. Energizer’s quarterly revenue was up 2.4% compared to the same quarter last year. research analysts anticipate that Energizer Holdings Inc will post 3.39 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 20th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend was Friday, February 16th. Energizer’s dividend payout ratio is currently 38.93%.
In other news, VP Emily K. Boss sold 7,500 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $56.00, for a total value of $420,000.00. Following the completion of the transaction, the vice president now owns 9,708 shares in the company, valued at $543,648. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.79% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. FDx Advisors Inc. increased its position in shares of Energizer by 6.2% in the fourth quarter. FDx Advisors Inc. now owns 17,061 shares of the company’s stock valued at $819,000 after buying an additional 995 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co increased its position in shares of Energizer by 1.0% in the fourth quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 104,020 shares of the company’s stock valued at $4,991,000 after buying an additional 1,025 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Energizer by 6.5% in the fourth quarter. Victory Capital Management Inc. now owns 17,574 shares of the company’s stock valued at $843,000 after buying an additional 1,067 shares in the last quarter. Greenleaf Trust increased its position in shares of Energizer by 15.1% in the fourth quarter. Greenleaf Trust now owns 8,192 shares of the company’s stock valued at $393,000 after buying an additional 1,076 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Energizer by 51.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,643 shares of the company’s stock valued at $175,000 after buying an additional 1,231 shares in the last quarter. Institutional investors and hedge funds own 97.24% of the company’s stock.
Energizer Company Profile
Energizer Holdings, Inc is a manufacturer, marketer and distributor of household batteries, specialty batteries and lighting products. The Company is a designer and marketer of automotive fragrance and appearance products. It operates through four geographic segments: North America, which consists of the United States and Canada; Latin America, which includes its markets in Mexico, the Caribbean, Central America and South America; Europe, the Middle East and Africa (EMEA), and Asia Pacific, which consists of its markets in Asia, Australia and New Zealand.
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