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

Energizer Holdings, Inc. (NYSE:ENR) declared a quarterly dividend on Monday, April 29th, RTT News reports. Investors of record on Wednesday, May 22nd will be given a dividend of 0.30 per share on Wednesday, June 12th. This represents a $1.20 dividend on an annualized basis and a yield of 4.20%.

Energizer has a dividend payout ratio of 34.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Energizer to earn $3.41 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 35.2%.

Energizer Price Performance

ENR stock traded up $0.07 during trading on Monday, reaching $28.58. 365,722 shares of the company were exchanged, compared to its average volume of 496,120. Energizer has a twelve month low of $26.92 and a twelve month high of $37.32. The company has a debt-to-equity ratio of 19.36, a current ratio of 2.03 and a quick ratio of 1.15. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 22.10 and a beta of 1.06. The company has a 50-day moving average of $28.48 and a two-hundred day moving average of $30.64.

Energizer (NYSE:ENR) last posted its earnings results on Tuesday, February 6th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $710.73 million. During the same period in the previous year, the firm posted $0.72 EPS. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, equities analysts predict that Energizer will post 3.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ENR. StockNews.com lowered shares of Energizer from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. Barclays cut their target price on shares of Energizer from $36.00 to $32.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Energizer has an average rating of “Hold” and an average target price of $35.00.

About Energizer

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.