|May 15, 2014|
|09:08 EDT||ENR, PF||Energizer has positive read through from Pinnacle deal, says RBC Capital|
RBC Capital believes that the acquisition of Pinnacle Foods (PF) sheds light on Energizer's (ENR) attractive valuation, as Pinnacle was taken out at a large premium to Energizer's stock price, even though Energizer has a higher market share and more attractive margins, according to the firm. The firm thinks Energizer's stock has room to run in the near-term and could reach $207 in an upside scenario. It keeps an Outperform rating on the shares.
News For ENR;PF From The Last 14 Days
|February 24, 2015|
|07:21 EDT||PF||Pinnacle Foods sees FY15 adjusted EPS $1.86-$1.91, consensus $1.91|
Sees FY15 input cost inflation estimated at 3%-3.5%; Sees FY15 productivity estimated at range of 3%-4%. Sees FY15 effective tax rate of 38%.
|07:20 EDT||PF||Pinnacle Foods reports Q4 Birds Eye Frozen sales up 4.9% to $317.4M|
Reports Q4 Duncan Hines Grocery down 3% to $305.4M; Reports Q4 Specialty Foods sales down 10.3% to $82.6M.
|07:20 EDT||PF||Pinnacle Foods reports Q4 EPS excl items 64c, consensus 64c|
Reports Q4 revenue $705.3M, consensus $718.35M. North America Retail net sales increased 0.9% to $622.7 million in Q4.
|February 20, 2015|
|11:48 EDT||ENR||Energizer says separation activities 'well underway'|
|11:47 EDT||ENR||Energizer says Personal Care company to be called Edgewell Personal Care|
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