Insider Selling: Energizer Holdings Inc (ENR) Director Sells $58,810.00 in Stock

Energizer Holdings Inc (NYSE:ENR) Director Bill G. Armstrong sold 1,000 shares of Energizer stock in a transaction on Friday, October 12th. The stock was sold at an average price of $58.81, for a total value of $58,810.00. Following the sale, the director now directly owns 24,387 shares of the company’s stock, valued at $1,434,199.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NYSE:ENR opened at $59.28 on Friday. Energizer Holdings Inc has a 1 year low of $40.64 and a 1 year high of $65.57. The company has a quick ratio of 1.31, a current ratio of 1.82 and a debt-to-equity ratio of 20.43. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 2.26 and a beta of 0.81.

Energizer (NYSE:ENR) last posted its earnings results on Wednesday, August 1st. The company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. Energizer had a return on equity of 359.49% and a net margin of 6.98%. The firm had revenue of $392.80 million during the quarter, compared to analysts’ expectations of $389.13 million. During the same period in the previous year, the firm earned $0.43 earnings per share. The company’s revenue was up 5.6% on a year-over-year basis. As a group, equities research analysts anticipate that Energizer Holdings Inc will post 3.36 earnings per share for the current year.

A number of large investors have recently bought and sold shares of ENR. Point72 Asia Hong Kong Ltd acquired a new position in Energizer in the first quarter valued at about $118,000. Advisory Services Network LLC grew its stake in Energizer by 443.8% in the second quarter. Advisory Services Network LLC now owns 1,974 shares of the company’s stock valued at $128,000 after acquiring an additional 1,611 shares during the period. Itau Unibanco Holding S.A. acquired a new position in Energizer in the second quarter valued at about $129,000. Fortis Advisors LLC acquired a new position in Energizer in the second quarter valued at about $137,000. Finally, Mount Yale Investment Advisors LLC acquired a new position in Energizer in the first quarter valued at about $169,000. 96.18% of the stock is owned by hedge funds and other institutional investors.

ENR has been the subject of a number of analyst reports. ValuEngine raised Energizer from a “hold” rating to a “buy” rating in a research note on Tuesday, June 26th. Jefferies Financial Group raised Energizer to a “buy” rating and set a $80.00 price objective for the company in a research note on Thursday, July 19th. Bank of America lifted their price objective on Energizer from $62.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, July 16th. Morgan Stanley lifted their price objective on Energizer from $63.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 2nd. Finally, Zacks Investment Research raised Energizer from a “sell” rating to a “hold” rating in a research note on Tuesday, July 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $68.20.

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.

Read More: Earnings Per Share (EPS) Explained

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.

Leave a Reply