Energizer Holdings Inc (ENR) Expected to Post Quarterly Sales of $455.75 Million

Analysts expect Energizer Holdings Inc (NYSE:ENR) to report $455.75 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Energizer’s earnings, with the lowest sales estimate coming in at $446.40 million and the highest estimate coming in at $461.70 million. Energizer reported sales of $465.10 million during the same quarter last year, which indicates a negative year over year growth rate of 2%. The firm is expected to issue its next earnings results 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 fiscal year, with estimates ranging from $1.78 billion to $1.80 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.81 billion, with estimates ranging from $1.77 billion to $1.85 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Energizer.

Energizer (NYSE:ENR) last posted its quarterly earnings data on Wednesday, August 1st. The company reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. Energizer had a net margin of 6.98% and a return on equity of 359.49%. The business 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 company posted $0.43 earnings per share. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year.

A number of research firms recently issued reports on ENR. Zacks Investment Research downgraded shares of Energizer from a “hold” rating to a “sell” rating in a report on Wednesday, July 11th. Deutsche Bank raised their price objective on shares of Energizer from $64.00 to $68.00 and gave the stock a “hold” rating in a report on Thursday, August 16th. Jefferies Financial Group upgraded shares of Energizer to a “buy” rating and set a $80.00 price objective for the company in a report on Thursday, July 19th. Bank of America raised their price objective on shares of Energizer from $62.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, July 16th. Finally, Morgan Stanley raised their price objective on shares of Energizer from $63.00 to $67.00 and gave the stock an “equal weight” rating in a report on Thursday, August 2nd. One equities 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’s stock. The company has a consensus rating of “Hold” and an average price target of $68.20.

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

Several institutional investors and hedge funds have recently bought and sold shares of ENR. Northern Trust Corp increased its stake in shares of Energizer by 7.7% in the first quarter. Northern Trust Corp now owns 515,150 shares of the company’s stock worth $30,693,000 after purchasing an additional 36,698 shares in the last quarter. Hsbc Holdings PLC bought a new position in shares of Energizer in the first quarter valued at approximately $262,000. Commonwealth Equity Services LLC bought a new position in shares of Energizer in the first quarter valued at approximately $236,000. Northwestern Mutual Investment Management Company LLC boosted its position in shares of Energizer by 53.5% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 12,213 shares of the company’s stock valued at $728,000 after acquiring an additional 4,258 shares during the period. Finally, UBS Group AG boosted its position in shares of Energizer by 47.8% in the first quarter. UBS Group AG now owns 35,358 shares of the company’s stock valued at $2,107,000 after acquiring an additional 11,428 shares during the period. Hedge funds and other institutional investors own 96.32% of the company’s stock.

NYSE ENR opened at $61.31 on Thursday. Energizer has a 52-week low of $40.64 and a 52-week high of $65.57. The company has a debt-to-equity ratio of 20.43, a current ratio of 1.82 and a quick ratio of 1.31. The stock has a market cap of $3.51 billion, a P/E ratio of 20.60, a P/E/G ratio of 2.25 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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