Energizer Holdings Sees Higher FY17 Results - Quick Facts

(RTTNews) - Energizer Holdings Inc. (ENR), a manufacturer of batteries and portable lighting products, Wednesday said it expects fiscal 2017 adjusted earnings per share to be in the range of $2.55 to $2.75, inclusive of approximately $0.15 to $0.20 from the recently acquired HandStands business.

On average, 11 analysts polled by Thomson Reuters expect earnings of $2.65 per share for the year. Analysts' estimates typically exclude special items.

In fiscal 2016, adjusted net earnings were $2.31 per share.

Net sales are expected to be up mid-single digits, and organic net sales are expected to be flat to up low-single digits.

The company noted that the incremental impact of the HandStands acquisition is expected to increase net sales by 5% to 6%.

Gross margin rates are expected to improve by 50 to 100 basis points, driven primarily by productivity initiatives.