Energizer (NYSE:ENR) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Energizer (NYSE:ENR) announced its quarterly earnings data on Tuesday. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.05, Briefing.com reports. Energizer had a return on equity of 123.29% and a net margin of 3.21%. The firm had revenue of $663.30 million for the quarter, compared to analysts’ expectations of $664.10 million. During the same period last year, the business posted $0.64 earnings per share. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. Energizer updated its Q3 guidance to $0.62-0.68 EPS and its FY24 guidance to $3.10-3.30 EPS.

Energizer Stock Up 1.2 %

NYSE:ENR traded up $0.36 during trading hours on Thursday, hitting $29.65. 92,170 shares of the company’s stock traded hands, compared to its average volume of 498,085. The firm has a market cap of $2.13 billion, a P/E ratio of 22.96 and a beta of 1.04. The company has a debt-to-equity ratio of 19.36, a quick ratio of 1.15 and a current ratio of 2.03. The stock’s fifty day moving average price is $28.42 and its two-hundred day moving average price is $30.51. Energizer has a twelve month low of $26.92 and a twelve month high of $37.32.

Energizer Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 22nd will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.05%. Energizer’s dividend payout ratio (DPR) is presently 93.02%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. StockNews.com downgraded Energizer from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. 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 research note on Wednesday. Barclays reduced their price target on shares of Energizer from $32.00 to $31.00 and set an “overweight” rating for the company in a report on Thursday. Morgan Stanley upgraded shares of Energizer from an “underweight” rating to an “equal weight” rating and set a $33.00 price objective on the stock in a research report on Wednesday. Finally, UBS Group lifted their price target on Energizer from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $32.57.

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.