Energizer Holdings, Inc. (NYSE:EPC) – Investment analysts at Jefferies Group raised their Q3 2017 EPS estimates for Energizer Holdings in a report issued on Thursday. Jefferies Group analyst K. Grundy now forecasts that the company will post earnings per share of $0.82 for the quarter, up from their prior estimate of $0.81. Jefferies Group currently has a “Hold” rating and a $77.00 target price on the stock.
Energizer Holdings (NYSE:EPC) last posted its earnings results on Tuesday, May 2nd. The company reported $1.21 EPS for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.09. The firm had revenue of $611 million for the quarter, compared to the consensus estimate of $608.13 million. Energizer Holdings had a net margin of 8.00% and a return on equity of 11.44%. The company’s revenue was up .0% on a year-over-year basis. During the same period last year, the firm posted $1.17 EPS.
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EPC has been the subject of a number of other research reports. Zacks Investment Research lowered shares of Energizer Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, April 5th. Deutsche Bank AG restated a “hold” rating and issued a $77.00 price target (up previously from $74.00) on shares of Energizer Holdings in a research note on Wednesday, May 3rd. Royal Bank of Canada restated a “buy” rating and issued a $105.00 price target on shares of Energizer Holdings in a research note on Friday, March 24th. TheStreet upgraded shares of Energizer Holdings from a “c” rating to a “b” rating in a research note on Thursday, June 22nd. Finally, Societe Generale upgraded shares of Energizer Holdings from a “hold” rating to a “buy” rating and lifted their price target for the stock from $83.00 to $90.00 in a research note on Thursday, June 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. Energizer Holdings has an average rating of “Hold” and an average target price of $86.78.
Energizer Holdings (NYSE:EPC) opened at 74.41 on Monday. The stock has a market capitalization of $4.27 billion, a P/E ratio of 23.13 and a beta of 0.97. Energizer Holdings has a 52-week low of $69.63 and a 52-week high of $88.00. The company has a 50 day moving average of $74.47 and a 200-day moving average of $74.83.
A number of hedge funds have recently added to or reduced their stakes in EPC. BlackRock Inc. raised its stake in Energizer Holdings by 7,004.8% in the first quarter. BlackRock Inc. now owns 9,145,412 shares of the company’s stock valued at $668,896,000 after buying an additional 9,016,691 shares during the last quarter. Vanguard Group Inc. raised its stake in Energizer Holdings by 1.1% in the first quarter. Vanguard Group Inc. now owns 4,833,338 shares of the company’s stock valued at $353,510,000 after buying an additional 51,079 shares during the last quarter. Credit Suisse AG raised its stake in Energizer Holdings by 149.2% in the first quarter. Credit Suisse AG now owns 4,072,492 shares of the company’s stock valued at $297,861,000 after buying an additional 2,438,114 shares during the last quarter. State Street Corp raised its stake in Energizer Holdings by 1.9% in the first quarter. State Street Corp now owns 2,232,629 shares of the company’s stock valued at $163,299,000 after buying an additional 42,194 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its stake in Energizer Holdings by 3.1% in the first quarter. Gamco Investors INC. ET AL now owns 1,930,745 shares of the company’s stock valued at $141,215,000 after buying an additional 58,805 shares during the last quarter. Hedge funds and other institutional investors own 91.80% of the company’s stock.
About Energizer Holdings
Edgewell Personal Care Company is a manufacturer and marketer of personal care products in the wet shave, sun and skin care, feminine care and infant care categories. As of September 30, 2016, the Company had a portfolio of over 25 brands. It manages its business in four segments: Wet Shave, Sun and Skin Care, Feminine Care and All Other.
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