Energizer (NYSE:ENR) Releases Q3 2024 Earnings Guidance

Energizer (NYSE:ENR) updated its third quarter 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.620-0.680 for the period, compared to the consensus earnings per share estimate of 0.720. The company issued revenue guidance of -. Energizer also updated its FY 2024 guidance to 3.100-3.300 EPS.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ENR shares. Barclays lowered their price objective on shares of Energizer from $36.00 to $32.00 and set an overweight rating on the stock in a research report on Friday, April 12th. StockNews.com cut Energizer from a buy rating to a hold rating in a report on Wednesday, February 7th. Morgan Stanley upgraded Energizer from an underweight rating to an equal weight rating and set a $33.00 price objective for the company in a research report on Wednesday. UBS Group raised their target price on Energizer from $30.00 to $31.00 and gave the stock a neutral rating in a research report on Wednesday. Finally, Truist Financial reduced their price target on shares of Energizer from $35.00 to $30.00 and set a hold rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Energizer has an average rating of Hold and a consensus target price of $32.83.

Energizer Stock Performance

NYSE ENR traded up $0.05 on Wednesday, hitting $29.02. 37,429 shares of the company traded hands, compared to its average volume of 497,443. 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 business’s 50 day moving average price is $28.41 and its 200-day moving average price is $30.51. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 22.79 and a beta of 1.04. Energizer has a 52-week low of $26.92 and a 52-week high of $37.32.

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

Energizer Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 22nd will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend is Tuesday, May 21st. Energizer’s dividend payout ratio (DPR) is 93.02%.

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.