Shares of Energizer Holdings, Inc. (NYSE:ENR) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $57.33.
ENR has been the subject of several recent analyst reports. Zacks Investment Research downgraded Energizer Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday. Jefferies Group LLC upped their price objective on Energizer Holdings from $54.00 to $60.00 and gave the stock a “hold” rating in a research report on Wednesday, April 19th. Royal Bank Of Canada dropped their price objective on Energizer Holdings from $57.00 to $50.00 and set an “outperform” rating for the company in a research report on Monday, May 15th. Finally, Morgan Stanley downgraded Energizer Holdings from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $58.00 to $61.00 in a research report on Wednesday, April 19th. They noted that the move was a valuation call.
Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Energizer Holdings by 12,028.5% in the first quarter. BlackRock Inc. now owns 5,258,322 shares of the company’s stock valued at $293,151,000 after buying an additional 5,214,967 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Energizer Holdings by 5.3% in the first quarter. Vanguard Group Inc. now owns 5,192,923 shares of the company’s stock valued at $289,506,000 after buying an additional 263,305 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Energizer Holdings by 28.2% in the first quarter. Bank of America Corp DE now owns 1,525,675 shares of the company’s stock valued at $85,056,000 after buying an additional 336,062 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in shares of Energizer Holdings by 0.3% in the fourth quarter. Gamco Investors INC. ET AL now owns 1,402,606 shares of the company’s stock valued at $62,570,000 after buying an additional 4,466 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Energizer Holdings by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,074,092 shares of the company’s stock valued at $59,881,000 after buying an additional 28,152 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.
Shares of Energizer Holdings (NYSE ENR) traded down 0.93% on Tuesday, hitting $51.26. The company’s stock had a trading volume of 490,590 shares. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 17.06 and a beta of 0.59. Energizer Holdings has a 52 week low of $41.97 and a 52 week high of $60.07. The stock’s 50-day moving average price is $53.25 and its 200-day moving average price is $52.49.
Energizer Holdings (NYSE:ENR) last released its earnings results on Wednesday, May 3rd. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.16. The firm had revenue of $359 million during the quarter, compared to the consensus estimate of $366.66 million. Energizer Holdings had a return on equity of 1,405.85% and a net margin of 11.00%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.30 EPS. Equities analysts expect that Energizer Holdings will post $2.86 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 14th. Investors of record on Monday, May 22nd were given a dividend of $0.275 per share. The ex-dividend date was Thursday, May 18th. This represents a $1.10 annualized dividend and a dividend yield of 2.15%. Energizer Holdings’s dividend payout ratio is currently 36.67%.
About Energizer Holdings
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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