Energizer Guides Q4 Adj EPS to $1.25-$1.35, Setting the Bar for the Quarter
ENR sits 28% above its 52-week low of $15.75.
Summary
Energizer provided a Q4 adjusted EPS outlook of $1.25 to $1.35, the first concrete guidance for the quarter. The company sees Q4 organic net sales flat to down low single digits year-over-year. For the full year, Energizer cut its organic net sales outlook to be down in low single digits and expects adjusted EPS at the low end of the original range of $3.30 to $3.60. The guidance follows strong insider buying by 10% owners over the past two months, with multiple Form 4 filings showing millions in open-market purchases. The company filed an 8-K regarding operations and financial condition.
At the time of this announcement, ENR was trading at $20.15 on NYSE in the Manufacturing sector, with a market capitalization of approximately $1.4B. The 52-week trading range was $15.75 to $30.29. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.