Energizer (NYSE:ENR) Releases FY24 Earnings Guidance

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

Analysts Set New Price Targets

ENR has been the subject of several research analyst reports. StockNews.com lowered Energizer from a buy rating to a hold rating in a research note on Wednesday, February 7th. Barclays dropped their target price on Energizer from $36.00 to $32.00 and set an overweight rating for the company in a research report on Friday, April 12th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Energizer presently has a consensus rating of Hold and an average price target of $35.00.

Energizer Stock Up 0.9 %

ENR opened at $29.45 on Tuesday. The company has a current ratio of 2.03, a quick ratio of 1.15 and a debt-to-equity ratio of 19.36. Energizer has a 12 month low of $26.92 and a 12 month high of $37.32. The business’s 50-day moving average price is $28.41 and its 200-day moving average price is $30.53. The company has a market cap of $2.11 billion, a P/E ratio of 22.83 and a beta of 1.04.

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

Energizer Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 22nd will be issued 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 4.07%. 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.