Energizer Holdings, Inc. (ENR) to Issue Quarterly Dividend of $0.29 on December 14th
Energizer Holdings, Inc. (NYSE:ENR) declared a quarterly dividend on Monday, November 13th, RTT News reports. Investors of record on Thursday, November 30th will be paid a dividend of 0.29 per share on Thursday, December 14th. This represents a $1.16 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Wednesday, November 29th. This is a boost from Energizer’s previous quarterly dividend of $0.28.
Energizer has decreased its dividend by an average of 17.1% per year over the last three years. Energizer has a payout ratio of 38.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Energizer to earn $3.26 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 35.6%.
Energizer (NYSE ENR) opened at $45.00 on Tuesday. The firm has a market cap of $2,734.46, a price-to-earnings ratio of 15.11, a P/E/G ratio of 1.50 and a beta of 0.55. The company has a debt-to-equity ratio of 11.50, a current ratio of 1.75 and a quick ratio of 1.21. Energizer has a one year low of $40.64 and a one year high of $60.07.
Energizer (NYSE:ENR) last announced its earnings results on Wednesday, November 8th. The company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.06. Energizer had a net margin of 11.48% and a return on equity of 291.65%. The firm had revenue of $465.00 million during the quarter, compared to analyst estimates of $437.36 million. During the same period in the prior year, the business earned $0.54 EPS. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. analysts predict that Energizer will post 3.05 earnings per share for the current year.
A number of equities analysts have recently commented on ENR shares. Deutsche Bank AG reduced their price objective on shares of Energizer from $55.00 to $49.00 and set a “buy” rating for the company in a research note on Thursday, August 3rd. KeyCorp set a $55.00 price objective on shares of Energizer and gave the stock a “buy” rating in a research note on Monday, October 16th. Citigroup Inc. restated a “buy” rating and set a $54.00 price objective on shares of Energizer in a research note on Wednesday, August 23rd. Morgan Stanley reduced their price objective on shares of Energizer from $53.00 to $50.00 and set an “equal weight” rating for the company in a research note on Thursday, November 9th. Finally, Jefferies Group LLC restated a “hold” rating and set a $47.00 price objective on shares of Energizer in a research note on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Energizer currently has a consensus rating of “Hold” and an average target price of $51.88.
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Energizer Holdings, Inc is a manufacturer, marketer and distributor of household batteries, specialty batteries and lighting products. The Company is a designer and marketer of automotive fragrance and appearance products. It operates through four geographic segments: North America, which consists of the United States and Canada; Latin America, which includes its markets in Mexico, the Caribbean, Central America and South America; Europe, the Middle East and Africa (EMEA), and Asia Pacific, which consists of its markets in Asia, Australia and New Zealand.
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