Energizer (NYSE:ENR) Posts Earnings Results, Beats Expectations By $0.05 EPS

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

Energizer Stock Up 0.7 %

NYSE:ENR traded up $0.21 during trading hours on Wednesday, hitting $29.18. The company’s stock had a trading volume of 193,093 shares, compared to its average volume of 499,213. Energizer has a 52-week low of $26.92 and a 52-week high of $37.32. 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 stock has a market capitalization of $2.09 billion, a P/E ratio of 22.72 and a beta of 1.04. The stock has a fifty day moving average of $28.41 and a 200-day moving average of $30.51.

Energizer Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 22nd will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, May 21st. This represents a $1.20 annualized dividend and a dividend yield of 4.11%. Energizer’s dividend payout ratio (DPR) is currently 93.02%.

Analyst Upgrades and Downgrades

ENR has been the subject of several research analyst reports. Morgan Stanley upgraded Energizer from an “underweight” rating to an “equal weight” rating and set a $33.00 price target for the company in a research report on Wednesday. Canaccord Genuity Group lowered their target price on Energizer from $33.00 to $32.00 and set a “hold” rating for the company in a report on Wednesday. UBS Group boosted their price target on shares of Energizer from $30.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday. StockNews.com lowered shares of Energizer from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. Finally, Truist Financial dropped their price target on shares of Energizer from $35.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $32.71.

About Energizer

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.