Energizer (NYSE:ENR) Announces Earnings Results, Beats Estimates By $0.05 EPS

Energizer (NYSE:ENR) released its quarterly earnings data on Tuesday. The company reported $0.72 EPS for the quarter, topping 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 the consensus estimate of $664.10 million. During the same quarter in the previous year, the company posted $0.64 earnings per share. The firm’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 Price Performance

ENR stock traded up $0.24 during midday trading on Friday, reaching $29.99. The company had a trading volume of 16,825 shares, compared to its average volume of 496,732. The firm has a 50-day moving average price of $28.45 and a 200-day moving average price of $30.50. Energizer has a 1 year low of $26.92 and a 1 year high of $37.32. 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 capitalization of $2.15 billion, a P/E ratio of 23.19 and a beta of 1.04.

Energizer Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 22nd will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $1.20 annualized dividend and a yield of 4.00%. Energizer’s payout ratio is currently 93.02%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ENR. Truist Financial lowered their price objective on shares of Energizer from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday. StockNews.com lowered shares of Energizer from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. Canaccord Genuity Group decreased their price target on shares of Energizer from $33.00 to $32.00 and set a “hold” rating on the stock in a research note on Wednesday. Barclays lowered their target price on Energizer from $32.00 to $31.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, UBS Group upped their price target on shares of Energizer from $30.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock 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.