Energizer Holdings, Inc. (NYSE:ENR) Plans $0.30 Quarterly Dividend

Energizer Holdings, Inc. (NYSE:ENR) declared a quarterly dividend on Monday, November 4th, RTT News reports. Shareholders of record on Wednesday, November 27th will be given a dividend of 0.30 per share on Thursday, December 12th. This represents a $1.20 annualized dividend and a yield of 3.68%.

Energizer has a payout ratio of 34.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Energizer to earn $3.54 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 33.9%.

Energizer Stock Up 0.7 %

Shares of NYSE:ENR traded up $0.23 during trading on Monday, hitting $32.61. 398,140 shares of the company’s stock traded hands, compared to its average volume of 564,947. The company has a 50-day moving average price of $31.23 and a 200-day moving average price of $30.08. Energizer has a 52 week low of $26.92 and a 52 week high of $36.72. The company has a current ratio of 1.99, a quick ratio of 1.01 and a debt-to-equity ratio of 26.04. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 232.95 and a beta of 1.04.

Energizer (NYSE:ENR) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.12. Energizer had a net margin of 0.35% and a return on equity of 137.24%. The company had revenue of $701.40 million during the quarter, compared to analysts’ expectations of $704.86 million. During the same quarter in the prior year, the company earned $0.54 earnings per share. The business’s quarterly revenue was up .3% compared to the same quarter last year. As a group, research analysts forecast that Energizer will post 3.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ENR shares. Barclays boosted their price target on Energizer from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $38.00 target price on shares of Energizer in a research report on Wednesday, August 7th. StockNews.com downgraded shares of Energizer from a “buy” rating to a “hold” rating in a research note on Monday, October 14th. Evercore ISI reduced their price target on Energizer from $42.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Finally, Truist Financial upgraded Energizer from a “hold” rating to a “buy” rating and upped their price objective for the stock from $30.00 to $40.00 in a research note on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Energizer has a consensus rating of “Hold” and an average price target of $35.00.

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.