Energizer Holdings, Inc. to Issue Quarterly Dividend of $0.30 (NYSE:ENR)

Energizer Holdings, Inc. (NYSE:ENR) declared a quarterly dividend on Monday, July 29th, RTT News reports. Shareholders of record on Thursday, August 22nd will be paid a dividend of 0.30 per share on Tuesday, September 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.85%.

Energizer has a dividend payout ratio of 34.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Energizer to earn $3.40 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 35.3%.

Energizer Trading Down 0.7 %

Shares of ENR opened at $31.18 on Tuesday. The stock’s 50-day moving average is $29.37 and its two-hundred day moving average is $29.53. The stock has a market cap of $2.24 billion, a PE ratio of 26.39 and a beta of 1.05. Energizer has a 12 month low of $26.92 and a 12 month high of $37.32. The company has a debt-to-equity ratio of 16.86, a current ratio of 2.03 and a quick ratio of 1.04.

Energizer (NYSE:ENR) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.67 by $0.05. Energizer had a return on equity of 119.16% and a net margin of 2.97%. The business had revenue of $663.30 million for the quarter, compared to analysts’ expectations of $664.10 million. During the same quarter in the previous year, the firm posted $0.64 earnings per share. The company’s revenue was down 3.0% compared to the same quarter last year. Equities analysts forecast that Energizer will post 3.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ENR shares. Canaccord Genuity Group lowered their price objective on Energizer from $33.00 to $32.00 and set a “hold” rating for the company in a report on Wednesday, May 8th. Morgan Stanley raised Energizer from an “underweight” rating to an “equal weight” rating and set a $33.00 price objective for the company in a report on Wednesday, May 8th. UBS Group upped their target price on Energizer from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Truist Financial lowered their target price on Energizer from $35.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, May 8th. Finally, Barclays upped their target price on Energizer from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, July 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $32.00.

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.