SunTrust Banks Analysts Increase Earnings Estimates for Energizer Holdings, Inc. (ENR)

Paterniano Del Favero
Agosto 5, 2017

iShares North American Tech-Multimedia Networking ETF (IGN) shares are being watched closely by traders as the Awesome Oscillator signal is revealing a downward trend building over the past five bars, signaling that market momentum is building for the name. Goldman Sachs both downgraded the stock and raised the price target on July 12 changing the price target from $49.00 to $52.00 and cutting the rating from "Buy" to "Neutral".

It is now trading at $41.19 just a bit lower than the 50 day moving average which is $48.23 and slightly below the 200 day moving average of $52.90.

Energizer Holdings (NYSE:ENR) last released its quarterly earnings results on Wednesday, August 2nd. Royal Bank Of Canada dropped their price objective on Energizer Holdings from $57.00 to $50.00 and set an "outperform" rating on the stock in a research report on Friday, May 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company's stock. Energizer Holdings has a one year low of $40.98 and a one year high of $60.07.

On July 19 the company was upgraded from "Sector Weight" to "Overweight" in a statement from KeyBanc. Chappell now expects that the company will post earnings per share of $2.91 for the year, up from their previous estimate of $2.83. If you are viewing this article on another publication, it was illegally stolen and republished in violation of USA and worldwide trademark and copyright legislation.

Equities research analysts at Gabelli increased their FY2017 earnings per share estimates for shares of Energizer Holdings in a research report issued to clients and investors on Thursday. Jefferies Group LLC reissued a "hold" rating and set a $76.00 price target (up from $73.00) on shares of Energizer Holdings in a report on Wednesday, May 3rd. Energizer Holdings had a return on equity of 529.84% and a net margin of 10.97%. The company had revenue of $372 million for the quarter, compared to the consensus estimate of $390.88 million. The stock has an average rating of "Hold" and an average target price of $53.86.

ILLEGAL ACTIVITY WARNING: This article was originally published by BNB Daily and is the property of of BNB Daily. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 13.68 and a beta of 0.57.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EPC. Creative Planning raised its position in shares of Energizer Holdings by 0.4% in the first quarter. Daiwa Securities Group Inc. raised its position in Energizer Holdings by 28.6% in the first quarter. Vanguard Group Inc. boosted its position in shares of Energizer Holdings by 5.3% in the first quarter. IFP Advisors Inc now owns 2,607 shares of the company's stock worth $125,000 after buying an additional 172 shares during the last quarter. Alps Advisors Inc. now owns 8,657 shares of the company's stock valued at $416,000 after buying an additional 22 shares during the last quarter. Capstone Asset Management Co. boosted its position in shares of Energizer Holdings by 2.5% in the first quarter. Teacher Retirement System of Texas now owns 4,960 shares of the company's stock valued at $238,000 after buying an additional 144 shares during the last quarter.

Traders may be leaning on technical stock analysis to help with investing decisions. iShares North American Tech-Multimedia Networking ETF (IGN) now has a 14-day Commodity Channel Index (CCI) of -112.54.

Energizer Holdings, Inc. also recently announced a dividend that will be paid on Tuesday September 12th, 2017. Stockholders of record on Monday, August 21st will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Thursday the 18th of May 2017. Energizer Holdings's dividend payout ratio (DPR) is presently 36.54%.

Energizer Holdings, Inc., launched on January 9, 2015, 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.

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