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Stock Market & Financial Investment News

News Breaks
July 30, 2014
07:07 EDTENREnergizer reports Q3 adjusted EPS $1.46, consensus $1.55
Reports Q3 revenue $1.13B, consensus $1.12B. The company said, "A&P spending increased significantly in the third quarter, our Personal Care Division achieved top-line growth and this is the last full quarter of cycling through the impact of the distribution losses that the Household Products Division experienced at the end of the last year's third fiscal quarter. In addition, we continue to make excellent progress with our Restructuring Project and Working Capital Initiative. We believe these results will help us achieve a strong finish to the fiscal year and position both businesses for future success as we work towards separating the businesses in 2015."
News For ENR From The Last 14 Days
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November 19, 2014
10:00 EDTENROn The Fly: Analyst Initiation Summary
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06:14 EDTENREnergizer initiated with a Neutral at BTIG
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November 14, 2014
10:00 EDTENROn The Fly: Analyst Downgrade Summary
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07:07 EDTENREnergizer downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded Energizer to Market Perform citing the recent rally in shares. Wells believes the Duracell sale prices suggests a lower, not higher valuation for shares. It sees a balanced risk/reward as current levels and keeps a $132-$137 price target range for Energizer.
06:13 EDTENREnergizer price target raised to $152 from $134 at Citigroup
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November 13, 2014
09:47 EDTENREnergizer up 4% to $129.81 after Berkshire buys peer Duracell
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November 12, 2014
08:14 EDTENREnergizer sees FY15 total organic net sales to be flat
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08:13 EDTENREnergizer: Q4 restructuring savings increased $32M vs prior quarter
Restructuring savings in the fourth fiscal quarter increased approximately $32M versus the prior year quarter. The primary impacts of savings were reflected in improved gross margin in Household Products and lower overhead expenses. Project-to-date savings total approximately $255M. The company expects to achieve $300M of savings prior to the anticipated closing of the planned spin-off transaction. Estimated total project savings have been increased to $330M through fiscal 2016. Restructuring related charges for the fourth fiscal quarter were $21.8M. Total project-to-date costs are approximately $260M. Total project restructuring costs are projected to be approximately $350M. As announced on April 30, 2014, the company is pursuing a plan to spin-off the Household Products business and thereby create two independent, publicly traded companies. As a result, the company is incurring incremental costs to evaluate, plan and execute the transaction. For the fourth fiscal 2014 quarter, $37.7M of pre-tax charges were incurred. Total spin-off transaction costs have totaled approximately $45M in fiscal 2014. The company will incur additional costs to execute the transaction and expects these costs to be material.
08:12 EDTENREnergizer reports Q4 Personal Care net sales up 10.5% to $654.7M
Reports Q4 Personal Care organic net sales down 0.6%; Reports Q4 Household Products net sales up 2.8% to $486.7M; Reports Q4 Household Products organic net sales up 4%.
08:11 EDTENREnergizer expects to continue positive momentum in restructuring efforts in 2015
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08:11 EDTENREnergizer reports Q4 adjusted EPS $1.87, consensus $1.61
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November 11, 2014
15:25 EDTENRNotable companies reporting before tomorrow's open
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