J.P. Morgan Raising Numbers On Energizer Holdings

According to J.P. Morgan, Energizer Holdings (NYSE: ENR) is adjusting its FY11 and FY12 estimates to reflect confidence in top line growth and share repurchase for ENR.

J.P. Morgan said that When ENR reports next Wednesday (4/27), it expects them to hit the revised estimate of $0.98, which is still ahead of Bloomberg consensus. “We rate ENR Overweight. ENR's stock is trading at 12.6x our NTM estimates, which is a slight discount to its historical 5 year-average. ENR is still one of the cheapest names in our group and we see upside potential as top line trends improve.”

Energizer Holdings closed yesterday at $22.30.