Energizer (NYSE:ENR) Announces Earnings Results

Energizer (NYSE:ENR) posted its quarterly earnings data on Tuesday. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.03, Zacks reports. The firm had revenue of $731.70 million for the quarter, compared to the consensus estimate of $726.23 million. Energizer had a net margin of 1.32% and a return on equity of 155.40%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.59 EPS.

Energizer Stock Down 3.2 %

ENR stock opened at $32.85 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.80 and a debt-to-equity ratio of 23.51. The firm has a market capitalization of $2.37 billion, a PE ratio of 63.17 and a beta of 1.06. Energizer has a twelve month low of $26.92 and a twelve month high of $39.51. The stock has a 50-day simple moving average of $35.71 and a two-hundred day simple moving average of $33.07.

Energizer Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend is Thursday, February 20th. Energizer’s payout ratio is presently 230.77%.

Wall Street Analysts Forecast Growth

ENR has been the topic of a number of recent analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $38.00 target price on shares of Energizer in a research note on Thursday, January 30th. Morgan Stanley lifted their target price on Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Truist Financial lifted their target price on Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Barclays cut Energizer from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $34.00 to $36.00 in a research note on Wednesday, November 20th. Finally, Canaccord Genuity Group boosted their price objective on Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Energizer has a consensus rating of “Hold” and a consensus target price of $38.38.

Insider Buying and Selling at Energizer

In related news, EVP Robin Vauth sold 4,070 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $38.16, for a total value of $155,311.20. Following the transaction, the executive vice president now directly owns 9,827 shares in the company, valued at approximately $374,998.32. This represents a 29.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Sara B. Hampton sold 2,812 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $38.49, for a total transaction of $108,233.88. Following the completion of the transaction, the vice president now owns 4,635 shares in the company, valued at approximately $178,401.15. This trade represents a 37.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,860 shares of company stock valued at $334,694 in the last quarter. 0.98% of the stock is currently owned by corporate insiders.

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.