Zacks: Brokerages Expect Energizer Holdings Inc (ENR) Will Announce Quarterly Sales of $565.94 Million

Brokerages expect that Energizer Holdings Inc (NYSE:ENR) will announce sales of $565.94 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Energizer’s earnings. The lowest sales estimate is $558.00 million and the highest is $575.30 million. Energizer reported sales of $559.60 million in the same quarter last year, which indicates a positive year over year growth rate of 1.1%. The business is expected to announce its next earnings results before the market opens on Wednesday, January 31st.

According to Zacks, analysts expect that Energizer will report full-year sales of $565.94 million for the current financial year, with estimates ranging from $1.77 billion to $1.80 billion. For the next financial year, analysts expect that the firm will report sales of $1.81 billion per share, with estimates ranging from $1.78 billion to $1.83 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Energizer.

Energizer (NYSE:ENR) last posted its quarterly earnings results on Wednesday, November 8th. The company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.06. The company had revenue of $465.00 million for the quarter, compared to the consensus estimate of $437.36 million. Energizer had a net margin of 11.48% and a return on equity of 291.65%. Energizer’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 earnings per share.

ENR has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Energizer from a “buy” rating to a “hold” rating in a research note on Monday, November 13th. Off Wall Street initiated coverage on shares of Energizer in a research note on Monday, October 30th. They set a “sell” rating on the stock. KeyCorp reaffirmed a “buy” rating and set a $64.00 price target (up previously from $55.00) on shares of Energizer in a research note on Wednesday. SunTrust Banks increased their price target on shares of Energizer to $70.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Citigroup cut their price target on shares of Energizer from $54.00 to $52.00 and set a “buy” rating on the stock in a research note on Friday, November 10th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. Energizer presently has a consensus rating of “Hold” and an average target price of $56.56.

Several hedge funds have recently modified their holdings of the company. Advisor Group Inc. raised its stake in shares of Energizer by 1.3% in the 2nd quarter. Advisor Group Inc. now owns 3,804 shares of the company’s stock valued at $183,000 after acquiring an additional 50 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Energizer by 7.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,412 shares of the company’s stock valued at $116,000 after acquiring an additional 169 shares during the period. Eaton Vance Management raised its stake in shares of Energizer by 0.9% in the 2nd quarter. Eaton Vance Management now owns 28,326 shares of the company’s stock valued at $1,360,000 after acquiring an additional 251 shares during the period. Sterling Capital Management LLC raised its stake in shares of Energizer by 0.9% in the 2nd quarter. Sterling Capital Management LLC now owns 51,680 shares of the company’s stock valued at $2,482,000 after acquiring an additional 450 shares during the period. Finally, ETRADE Capital Management LLC raised its stake in shares of Energizer by 5.3% in the 2nd quarter. ETRADE Capital Management LLC now owns 11,230 shares of the company’s stock valued at $539,000 after acquiring an additional 568 shares during the period.

Energizer (NYSE:ENR) traded up $7.49 during trading hours on Wednesday, reaching $59.11. 6,070,600 shares of the company’s stock were exchanged, compared to its average volume of 1,439,590. The company has a debt-to-equity ratio of 11.50, a quick ratio of 1.21 and a current ratio of 1.75. The stock has a market capitalization of $3,430.00 and a P/E ratio of 18.41. Energizer has a 12 month low of $40.64 and a 12 month high of $62.86.

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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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Earnings History and Estimates for Energizer (NYSE:ENR)

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