Energizer (NYSE:ENR) Updates FY24 Earnings Guidance

Energizer (NYSE:ENR) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided EPS guidance of $3.10-3.30 for the period, compared to the consensus EPS estimate of $3.21. Energizer also updated its Q3 guidance to $0.62-0.68 EPS.

Energizer Price Performance

Shares of NYSE:ENR traded up $0.40 during mid-day trading on Thursday, reaching $29.69. The stock had a trading volume of 203,543 shares, compared to its average volume of 499,287. The company has a current ratio of 2.03, a quick ratio of 1.15 and a debt-to-equity ratio of 19.36. 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 1 year low of $26.92 and a 1 year high of $37.32. The business’s 50 day moving average price is $28.42 and its 200 day moving average price is $30.51.

Energizer (NYSE:ENR) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. Energizer had a return on equity of 123.29% and a net margin of 3.21%. The business had revenue of $663.30 million for the quarter, compared to the consensus estimate of $664.10 million. During the same period in the prior year, the business posted $0.64 earnings per share. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. Research analysts expect that Energizer will post 3.21 EPS for the current fiscal year.

Energizer Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 22nd will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, May 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.04%. Energizer’s dividend payout ratio is 93.02%.

Analyst Ratings Changes

A number of research analysts have recently commented on ENR shares. Morgan Stanley raised Energizer from an underweight rating to an equal weight rating and set a $33.00 target price on the stock in a research note on Wednesday. UBS Group increased their price objective on Energizer from $30.00 to $31.00 and gave the stock a neutral rating in a research note on Wednesday. StockNews.com cut Energizer from a buy rating to a hold rating in a research note on Wednesday, February 7th. Truist Financial dropped their price objective on Energizer from $35.00 to $30.00 and set a hold rating on the stock in a research note on Wednesday. Finally, Barclays dropped their price objective on 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 given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Hold and an average target price 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.