Energizer (NYSE:ENR) Posts Earnings Results

Energizer (NYSE:ENR) issued its quarterly earnings data on Tuesday. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05, Briefing.com reports. Energizer had a net margin of 3.21% and a return on equity of 123.29%. The firm had revenue of $663.30 million during the quarter, compared to analysts’ expectations of $664.10 million. During the same period last year, the company earned $0.64 earnings per share. The business’s revenue was down 3.0% on a year-over-year basis. Energizer updated its Q3 guidance to $0.62-0.68 EPS and its FY24 guidance to $3.10-3.30 EPS.

Energizer Trading Up 1.2 %

ENR stock traded up $0.36 during trading on Thursday, reaching $29.65. The company had a trading volume of 92,170 shares, compared to its average volume of 498,085. The business has a 50 day moving average of $28.42 and a 200 day moving average of $30.51. The company has a debt-to-equity ratio of 19.36, a current ratio of 2.03 and a quick ratio of 1.15. The company has a market cap of $2.13 billion, a P/E ratio of 22.96 and a beta of 1.04. Energizer has a 52 week low of $26.92 and a 52 week high of $37.32.

Energizer Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 22nd will be given a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $1.20 annualized dividend and a dividend yield of 4.05%. Energizer’s dividend payout ratio is 93.02%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ENR. Morgan Stanley upgraded Energizer from an “underweight” rating to an “equal weight” rating and set a $33.00 target price on the stock in a report on Wednesday. Truist Financial lowered their target price on shares of Energizer from $35.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday. UBS Group raised their price target on shares of Energizer from $30.00 to $31.00 and gave the company a “neutral” rating in a research report on Wednesday. StockNews.com cut shares of Energizer from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Finally, Barclays dropped their target price on shares of Energizer from $32.00 to $31.00 and set an “overweight” rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Energizer currently has an average rating of “Hold” and a consensus price target of $32.57.

Energizer Company Profile

Energizer Holdings, Inc, together with its subsidiaries, manufactures, markets, and distributes household batteries, specialty batteries, and lighting products worldwide. It offers lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide batteries under the Energizer, Eveready, and Rayovac brands; primary, rechargeable, specialty, and hearing aid batteries; and handheld, headlights, lanterns, and area lights, as well as flashlights under the Hard Case, Dolphin, and WeatherReady brands.