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Wednesday, November 12, 2014

Energizer expects full-year organic sales to be flat, (NYSE: ENR)

Energizer Holdings Inc, in the process of spinning off its struggling household products business, said it expects no organic sales growth due to falling demand for its Energizer and Eveready batteries.Energizer shares rose as much as 2.3 percent to a record $127.47 in early morning trading, after the company reported a better-than-expected profit and sales for the fourth quarter ending Sept. 30.The company said it expects organic sales in its household products business, which houses its battery brands, to decline by a low-single digit percentage in nine months through June next.Energizer plans to separate the business from its personal care brands such as Schick razors by July.

Energizer Holdings, Inc. (Energizer) is the manufacturer and marketer of primary batteries, portable lighting and personal care products in the wet shave, skin care, feminine care and infant care categories. Shares of ENR traded higher by 0.12% or $0.15/share to $124.94. In the past year, the shares have traded as low as $92.02 and as high as $125.81. On average, 453866 shares of ENR exchange hands on a given day and today's volume is recorded at 417616.