39.47 0.00 (0.00%)
After hours: 4:45PM EDT
|Bid||33.50 x 800|
|Ask||41.26 x 800|
|Day's Range||39.33 - 40.61|
|52 Week Range||37.39 - 65.57|
|Beta (3Y Monthly)||0.63|
|PE Ratio (TTM)||127.73|
|Earnings Date||Aug 6, 2019|
|Forward Dividend & Yield||1.20 (2.98%)|
|1y Target Est||55.60|
[Editor's note: "7 Battery Stocks for High-Powered Gains" was previously published in May 2019. It has since been updated to include the most relevant information available.]One of the underperforming sectors in the stock market today is the battery sector. Trade tensions, higher raw material costs and global inflation are just a few of the macroeconomic headwinds that consumer discretionary stocks face. Yet stock markets tend to over-exaggerate on the downside risks, punishing a sector on the view that things will not improve.Fundamentally, the battery market is undergoing a major shift. Electric vehicles are driving the demand for lithium-ion batteries. Solar power panel prices plunged in recent years. This is creating a potentially higher demand for battery solutions to store energy captured from such panels.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks Top Investors Are Buying Now How might investors play the battery boom led by growing electric vehicle production and a soaring number of devices needing portable power? Battery Stocks to Buy: Tesla (TSLA)Source: Shutterstock Let us start with Tesla (NASDAQ:TSLA). The stock has fallen by nearly 25% this year because its unit sales of EVs are under pressure. With government subsidies no longer supporting them as much, Tesla shares are underperforming.Still, the company's ambition extends beyond electric cars. On May 16, Tesla completed its acquisition of Maxwell. At a cost of just $200 million, it gains some valuable intellectual property. Maxwell is best known for its manufacturing of ultracapacitors, but it is also developing dry electrode technology for batteries.If Maxwell's R&D efforts pay off, the unit could bring performance enhancements for lithium-ion battery cells. For starters, Tesla could start manufacturing batteries that have an energy density of over 500Wh/kg. That would bring a 15% to 100% increase to Tesla's current battery technology.Informally, Tesla has the best battery technology in the auto industry. Adding Maxwell's IP may also result in lithium-ion batteries that gain in capacity and will not lose energy after charged. Ultimately, TSLA stock could start turning around once the company implements the new technology. Having battery technology that is even further ahead of that offered by other automobile manufacturers could drive Tesla EV sales.Tesla is facing a slowdown in sales of Model S and Model 3. It has a cross-over Model Y that is not yet on the market. Chances are good that both the Model Y release and new battery technology coming with it will give the stock a boost. Energizer Holdings (ENR)Source: Shutterstock Shares of Energizer Holdings (NYSE:ENR) are stuck in a narrow trading range of between $37.50 and $40,50. Known best for its Energizer bunny rabbit on television commercials, the company is more than just a battery company. It has ambitions for transforming into a diversified global household products leader. This change brings along with it high goals. Energizer aims to grow adjusted free cash flow to $330 million-$370 million in 2020.There are three goals:1\. Generating adjusted EBITDA of $650 million-$675 million. 2\. Driving organic sales growth through pricing, innovation, and distribution gains. 3\. Deleveraging its balance sheet to a net leverage ratio of 4 times.Energizer bolstered its battery business by completing its acquisition of Battery and Auto Care. In doing so, the company will establish itself as a global leader while adding brands to diversify its business. It expanded its manufacturing facilities. Plus, over the past five years, it optimized its legacy factories to improve on cost and efficiency.In its second quarter, Energizer took advantage of strong demand for its legacy batteries by raising prices. Energizer MAX and Energizer lithium product prices rose in the U.S. The company expects to complete the price hike in international markets by the end of the fiscal year. * 7 Stocks Top Investors Are Buying Now ENR shares trade at 12 times forward P/E. With its consumer battery business strong and auto battery entry underway, the stock has the potential to break out of the trading range. Enphase Energy (ENPH)Enphase Energy (NASDAQ:ENPH) surged to a new 52-week high after the company reported a strong first quarter. Revenue rose 43%, while the company issued a second-quarter revenue outlook. It now expects revenue in the range of $115 million-$125 million. This is above the $96 million analysts had expected.Enphase makes microinverters, which the company says "offer the most advanced inverter technology on the market, which means higher production, greater reliability, and unmatched intelligence." In the first quarter, Enphase shipped 976,410 microinverters. The company now has 2,500 homeowners that joined its Enphase Upgrade Program. In doing so, these customers get quality and service. And strong customer satisfaction is leading to more business.Enphase still grew revenue in the quarter despite facing component shortages in all of its regions. This implies that once the supply issues are resolved, revenue should grow at an even faster pace. Looking ahead, Enphase expects to have a capacity of 2 million microconverters by the fourth quarter of 2019. The higher supply will also cut its microinverter lead times to around 6-8 weeks.Enphase will expand its IQ7 microinverter regionally. Adding high-power and high-performance products, adding AC modules, and bringing Ensemble Solar and Storage technology will further drive revenue.ENPH stock is near a 52-week high but may continue climbing higher following that strong earnings report. Panasonic Corporation (PCRFY)Source: Panasonic Panasonic Corporation (OTCMKTS:PCRFY) fell to yearly lows on no recent bad news. On May 9, the company announced that it would team up with Toyota (NYSE: TM) to make smart homes. Panasonic is already an existing partner in supplying batteries for Toyota's electric vehicles. So with tens of thousands of homes potentially implementing a smart home, the partnership is a natural extension.Panasonic specializes in batteries and home appliances, while Toyota started developing robots that help with household jobs.In January, the two firms formed a joint venture for the manufacture of EV batteries. Toyota will own 51% of the venture while Panasonic will own the remaining 49%. The companies aim to increase battery capacity by 50 times, compared to those used in current Toyota hybrid vehicles. Mazda, Subaru and Daihatsu will source batteries from this joint venture. Honda already uses Panasonic batteries but will benefit from this new collaboration. * 7 Stocks Top Investors Are Buying Now Panasonic and Toyota will also develop solid-state batteries, which will eventually replace the lithium-ion batteries used in electric cars today. By offering a higher range at a lower cost, these new battery types could drive Panasonic's revenues higher. Johnson Controls (JCI)Source: Shutterstock Johnson Controls (NYSE:JCI) is the largest manufacturer of automotive batteries. The company consolidated its business in the second quarter when it closed the sale of Power Solutions ahead of schedule. Brookfield Business Partners closed its $13.2 billion acquisition of the battery unit on Apr. 30.With the battery unit sold, why should investors consider JCI stock? With growth prospects in other markets, investors could get some diversification away from battery suppliers. JCI's underlying fundamentals are strong and the company enjoys an $8.8 billion backlog. This gives it clear visibility into 2020.In the second quarter, JCI's adjusted sales grew 3% year-on-year as EPS grew 23% to 32 cents. The $5.8 billion in revenue from the Buildings unit is another bonus for holding the stock. Though JCI sold its battery unit, it still has institutional knowledge around the energy storage solutions market. For example, HVAC and controls rose in the mid-single digits while the fire and security unit is up in the mid-single-digit growth rate.For fiscal 2019, JCI expects adjusted free cash flow conversion topping 95%.On the balance sheet, JCI ended Q2 with $12.15 billion in debt. The sale of Power Solutions allows the company to cut debt by $3.4 billion. It has $8.2 billion to buyback shares. By investing back into the company, Johnson Controls' stock could trade at new highs in the coming months. Albemarle (ALB)Source: fdecomite via Flickr (Modified)In the specialty chemicals space, Albemarle (NYSE:ALB), which forecast revenue rising 8%-14% this year, benefited from lithium prices rising 3% from last year. The company reported revenue of $832 million and adjusted EBITDA of $226 million. Still, the company's EPS fell 5% year-on-year to $1.23.Albemarle noted on its conference call that global sales of electric vehicles rose by almost 60%. This led to battery production rising. The company generated sales of $292 million for lithium. Thanks to a long-term agreement structure, pricing rose 3%. * 7 Stocks Top Investors Are Buying Now For the full-year 2019, Albemarle expands sustained, strong demand for lithium. And although excess lithium carbonate from China hurt prices for carbonate, Albemarle will not compete in the same markets until pricing improves. Overall, management expects production growth of 15,000 to 20,000 metric tons and EBITDA growing in the high teens. With the company committed to 40% margins and existing long-term contracts in place, ALB stock should not stay at yearly lows for too long. Sociedad Quimica y Minera de Chile S.A. (SQM)Source: Shutterstock Sociedad Quimica y Minera de Chile S.A. (NYSE:SQM) is another lithium supplier. In April, it raised its lithium outlook and said it expected sales of around 50,000 tons. The higher output is due to its operations in the Atacama salt flat.SQM shares aren't far from their 52-week lows largely because of the company's disappointing first-quarter earnings report. . In Q1, the company's top and bottom lines came in meaningfully below analysts' average estimates.Investors are not confident that the company will meet the demand growth led by full electric vehicle penetration levels reaching ~2%. Still, if SQM can increase its total capacity this year and next, the company may eventually achieve its 180,000 metric ton output target. In the near-term, SQM will keep producing at levels about demand, accumulating inventory. In doing so, it will have more flexibility in selling in higher volume if prices and demand levels are favorable.For the rest of 2019, SQM expects pricing levels similar to last year's levels. Strategically, the company will not go after market share in the short-term. Instead, it expects demand in 2025 will top one million metric tons. From there, it is positioning the company to have the output capabilities to meet that demand level.As of this writing, Chris Lau did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks Top Investors Are Buying Now * The 10 Best Cryptocurrencies to Keep on Your Radar * 7 Marijuana Penny Stocks That Could Triple (But You Won't Make Money) The post 7 Battery Stocks for High-Powered Gains appeared first on InvestorPlace.
Today we'll take a closer look at Energizer Holdings, Inc. (NYSE:ENR) from a dividend investor's perspective. Owning a...
Benzinga examined prospects for many investor favorite stocks over the past week. U.S. stocks finished higher for a third straight week, including new highs for the Dow and the S&P 500, bolstered by mid-week signals from the Federal Reserve. While the Fed opted to hold steady on interest rates with a reiteration that the economy remains strong, it did intimate that it is open to an interest rate cut before the end of the year.
shares were weaker after J.P. Morgan downgraded the St. Louis battery maker to underweight from neutral and cut its December 2019 price target 20% to $36 from $45. Analyst Andrea Teixeira in New York said in a report that she saw a "tough" revenue outlook for Energizer, impeding its ability to meet its earnings guidance. The battery category is "relatively stable" and "should see sustainable growth longer term," Teixeira wrote.
A bearish case for battery and portable lighting product maker company Energizer Holdings Inc (NYSE: ENR ) can be made after recent Nielsen data pointed to a concerning outlook, according to JPMorgan. ...
Shares of Energizer Holdings Inc. dropped 5.6% toward a more-than 3-year low in premarket trading Wednesday, after J.P. Morgan turned bearish on the battery maker, citing evidence of deteriorating Rayovac battery sales. Analyst Andrea Teixeira cut her rating to underweight from neutral, and slashed her price target to $36 from $45. Teixeira said that based on recent Nielsen data, worsening retailer shelf-space losses for Rayovac will likely continue to hurt results until at least Energizer's fiscal third quarter, which she believes could hurt gross margins and the company's ability to achieve its full-year guidance. Teixeira said what could put further pressure on Energizer's stock is Spectrum Brands Holdings Inc.'s 7.6% share stake in the company, as the lock-up agreement expires in January 2020. The stock, which is on track to open at the lowest price seen during regular-session hours since March 2016, has tumbled 32.2% over the past 12 months, while the Dow Jones Industrial Average has gained 7.2%.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Energizer Holdings, Inc. New York, June 14, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Energizer Holdings, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On...
Energizer (ENR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- The sales price is inclusive of €180 million, subject to purchase price adjustments, payable by VARTA AG and $200 million payable by Spectrum Brands Holdings, Inc. ST. LOUIS, May 29, 2019 /PRNewswire/ -- Energizer Holdings, Inc. (ENR) ("Energizer") announced today that it reached an agreement to sell the Europe-based Varta® consumer battery business, including manufacturing and distribution facilities in Germany (the "Varta Business"). The divestiture was made in accordance with the order imposed by the European Commission ("EC") in connection with the Company's acquisition of the battery and portable lighting business from Spectrum Brands Holdings, Inc. ("Spectrum") in January 2019.
The ongoing trade dispute with China frightened U.S. investors again this week. When China retaliated with increased tariffs on $60 billion of U.S. goods, the Dow Jones Industrial Average fell 617 points on Monday. However, U.S. markets were able to claw back a majority of those losses by Friday’s close.While no resolution has been made between the two superpowers, the war of words has since quieted down. In addition, investors cheered solid earnings reports from blue-chips, like Cisco Systems (CSCO) and Wal-Mart (WMT). Calculating the Tariff CostStill, President Trump has vowed to consider tariffs on another $300 billion of Chinese goods next month, if the two countries don’t agree to a truce. Here’s how Wall Street is envisioning the next steps in the process, which suggests we may not be out of the woods yet:Deutsche Bank (May 16)- “We continue to see 60% probability that the two sides cannot reach a deal before G20, and the US will impose tariff on the remaining USD300bn Chinese exports to the US. It seems to us the war is indeed spreading beyond tariff.”Barclays (May 17)- “We maintain our base case S&P 500 price target of 2750; however, in the event of an all-out trade war, we estimate further downside of ~10% is possible.” The tariffs being slung back and forth across the Pacific Ocean challenge each company differently, but there are other ways the trade conflict is affecting investors. For one, the U.S. yield curve inverted again this week; with the rate of 3-month treasury bills falling below that of 10-year notes.The perception of slower global growth has also caused Fed funds futures to now price in a 50% chance the FOMC will lower interest rates at the September meeting, up from a probability of just 21% a month ago. Retail Earnings on DeckWhile the first-quarter earnings season is behind us, many retailers report on a different schedule and highlight the reporting calendar next week. Home Depot (HD) and TJX (TJX) kick things off on Tuesday, followed by Lowe’s (LOW) and Target (TGT) on Wednesday.Investors will certainly be keeping an ear out to see how these companies say they’re being affected by the tariff battle with China, given the amount of consumer goods imported by the U.S.U.S. markets survived a double dose of dangerous headlines this week, in the form of China tariffs and an inverted yield curve. Some investors are betting that the FOMC could serve as a backstop and lower interest rates in a pinch, but the CBOE Volatility Index (VIX) has regularly moved 10% (or more) daily, since the beginning of May.However, the fact remains that attractive investments are out there, if you’re willing to dig a little deeper.One such consumer name that’s worth a closer look is our Stock of the Week below… Stock of the Week: Energizer Holdings (ENR)Most folks know Energizer for the battery business and in fact, the company invented the first dry cell battery and handheld flashlight back in the 1890’s. However, management has re-shaped the company with two recent acquisitions that should help drive growth at Energizer for the next several years. We recently added ENR to our Smart Investor portfolio and are pleased to see that shares soared 8% in the last week alone. Looking ahead, these gains should keep on coming. Here’s why: Analysts Have 100% Buy Ratings and See 20%+ UpsideEnergizer was upgraded at Citigroup on Tuesday, from Neutral to Buy. Analyst Wendy Nicholson made the call, after spending a day with the management team. Meanwhile Jefferies' Kevin Grundy spoke of the stock's 'compelling valuation' thanks to strong battery fundamentals coupled with conservative estimates. Indeed, all four active analysts now rate the stock a Buy and the average price target of $57.25 suggests 22% upside potential from current levels.View ENR Price Target & Analyst Ratings Detail Transition Quarter Should Lead to Higher GrowthManagement announced lower-than-expected quarterly results back on May 7. The company earned $0.20 a share in the March quarter, as revenue increased 49% from the previous year, to $556.4 million. The legacy consumer battery business saw higher pricing in the period, offset by lower customer demand. Looking forward, Energizer guided to 2019 profit of $2.90 to $3 a share.The March quarter was a transition period for the company, as management closed the recent Battery and Auto Care acquisitions, which are a key part of the future growth potential. Energizer added brands such as Rayovac, Armor All and STP to its product portfolio and management set forth the following goals: 1. Growing adjusted free cash flow to $330 to $370 millionin 2020 2. Generating adjusted EBITDA of $650 to $675 millionin 2020 3. Driving organic sales growththrough pricing, innovation and distribution gains 4. Deleveraging to a credit defined net leverage ratio of approximately 4 times at the end of 2020 The stock is currently valued at 14x expected 2020 earnings of $3.36 a share, which is a discount to the 15.9% average growth that consensus analyst estimates project over the next two years. The P/E ratio is also below both the industry average of 19x to 20x and the market multiple of 15x to 16x expected forward profit.As Energizer integrates these purchases, I believe the stock will garner a premium valuation that is suggested by the bullish average analyst price target.FYI: This is just 1 of the 20+ stocks selected for the Smart Investor portfolio. That’s where we share more detailed insights on our weekly stock picks. You may also want to learn more about how we use TipRanks indicators to find stocks that are primed to outperform. Discover the Smart Investor portfolio here >>
Alan Hoskins has been the CEO of Energizer Holdings, Inc. (NYSE:ENR) since 2015. This analysis aims first to contrast...
The two countries are sparring over U.S. allegations that China steals technology and pressures American companies into handing over trade secrets — part of an aggressive campaign to turn Chinese companies into world leaders in robotics, electric cars and other advanced industries. U.S. officials are insisting that any deal be strictly enforced so that China lives up to its promises — something they say Beijing has repeatedly failed to do in the past. NEW YORK (AP) -- Stocks closed broadly lower on Wall Street Thursday, extending the market's slide into a fourth straight day, as investors braced for a possible escalation in the trade war between the U.S. and China.
ST. LOUIS , May 9, 2019 /PRNewswire/ -- Energizer Holdings, Inc. (NYSE: ENR) announced today that Alan Hoskins , Chief Executive Officer; Mark LaVigne , Chief Operating Officer; and Tim Gorman , Chief ...
Energizer (ENR) posts dismal results in second-quarter fiscal 2019. Nevertheless, the company's top line is gaining from robust acquisitions.
Energizer (ENR) delivered earnings and revenue surprises of -9.09% and -0.19%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?