Energizer Holdings, Inc. (NYSE:ENR) Receives Consensus Rating of “Reduce” from Analysts

Shares of Energizer Holdings, Inc. (NYSE:ENR) have earned a consensus rating of “Reduce” from the six research firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $35.00.

A number of equities analysts have commented on ENR shares. StockNews.com downgraded Energizer from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. Barclays reduced their price objective on Energizer from $36.00 to $32.00 and set an “overweight” rating for the company in a research report on Friday, April 12th.

Hedge Funds Weigh In On Energizer

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. raised its holdings in Energizer by 12.5% during the third quarter. Principal Financial Group Inc. now owns 895,249 shares of the company’s stock worth $28,683,000 after purchasing an additional 99,353 shares in the last quarter. Vanguard Group Inc. raised its holdings in Energizer by 13.8% during the third quarter. Vanguard Group Inc. now owns 9,298,682 shares of the company’s stock worth $297,930,000 after purchasing an additional 1,126,158 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Energizer by 2.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 807,552 shares of the company’s stock worth $25,874,000 after purchasing an additional 18,053 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in Energizer during the third quarter worth approximately $731,000. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in Energizer by 230.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 55,215 shares of the company’s stock worth $1,749,000 after purchasing an additional 38,520 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors and hedge funds.

Energizer Stock Performance

Shares of ENR stock opened at $28.40 on Friday. The company has a quick ratio of 1.15, a current ratio of 2.03 and a debt-to-equity ratio of 19.36. The business has a 50 day moving average of $28.56 and a two-hundred day moving average of $30.65. Energizer has a 52 week low of $26.92 and a 52 week high of $37.32. The company has a market cap of $2.04 billion, a P/E ratio of 22.02 and a beta of 1.06.

Energizer (NYSE:ENR) last issued its earnings results on Tuesday, February 6th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. Energizer had a return on equity of 123.29% and a net margin of 3.21%. The company had revenue of $716.60 million during the quarter, compared to the consensus estimate of $710.73 million. During the same period in the previous year, the firm posted $0.72 earnings per share. Energizer’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, analysts anticipate that Energizer will post 3.21 EPS for the current year.

Energizer Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Wednesday, February 21st were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, February 20th. This represents a $1.20 annualized dividend and a dividend yield of 4.23%. Energizer’s dividend payout ratio is presently 93.02%.

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.