Energizer Sees FY16 Adj. EPS To Be At Upper End Of Prior Range

(RTTNews) - Energizer Holdings Inc. (ENR) said that it now expects to be at the upper end of the previously provided range for Adjusted earnings per share of $1.90 to $2.10 and raised its guidance on free cash flow now to exceed $150 million for fiscal year 2016. Analysts polled by Thomson Reuters expect the company to report earnings of $2.04 per share for fiscal year 2016. Analysts' estimates typically exclude special items.

Net Sales for fiscal year 2016 are now expected to be down low to mid-single digits: Organic net sales are now expected to be flat to up low-single digits.

Annual Adjusted EBITDA is now expected to be at the upper end of the previously provided range of $275 million to $295 million, reflecting the improved performance in the current quarter offset by additional headwinds from foreign currencies.