Energizer Holdings Inc. (ENR) To Go Ex-Dividend on November 28th
Energizer Holdings Inc. (NYSE:ENR) declared a quarterly dividend on Monday, November 14th. Stockholders of record on Wednesday, November 30th will be given a dividend of 0.275 per share on Thursday, December 15th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend is Monday, November 28th. This is a boost from Energizer Holdings’s previous quarterly dividend of $0.25.
Energizer Holdings (NYSE:ENR) opened at 42.98 on Wednesday. Energizer Holdings has a 1-year low of $28.85 and a 1-year high of $53.41. The stock has a market capitalization of $2.65 billion, a P/E ratio of 21.07 and a beta of 0.61. The stock has a 50 day moving average price of $46.60 and a 200-day moving average price of $47.95.
Energizer Holdings (NYSE:ENR) last posted its earnings results on Wednesday, November 9th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.04. The company earned $432.40 million during the quarter, compared to analyst estimates of $426.53 million. Energizer Holdings had a negative return on equity of 766.09% and a net margin of 7.81%. Energizer Holdings’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.61 earnings per share. Equities research analysts expect that Energizer Holdings will post $2.68 EPS for the current year.
In other news, VP Emily K. Boss sold 1,865 shares of the company’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $49.56, for a total transaction of $92,429.40. Following the transaction, the vice president now directly owns 1,860 shares of the company’s stock, valued at $92,181.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.37% of the company’s stock.
Several institutional investors have recently modified their holdings of ENR. Invictus RG purchased a new position in Energizer Holdings during the second quarter valued at about $107,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Energizer Holdings by 12.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,243 shares of the company’s stock valued at $112,000 after buying an additional 243 shares during the last quarter. Zurich Insurance Group Ltd FI increased its position in Energizer Holdings by 2.3% in the second quarter. Zurich Insurance Group Ltd FI now owns 3,143 shares of the company’s stock valued at $162,000 after buying an additional 70 shares during the last quarter. BOKF NA purchased a new position in Energizer Holdings during the second quarter valued at about $218,000. Finally, Advisor Group Inc. purchased a new position in Energizer Holdings during the second quarter valued at about $243,000. 96.69% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have weighed in on ENR. SunTrust Banks Inc. upped their target price on Energizer Holdings from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. Zacks Investment Research upgraded Energizer Holdings from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a report on Tuesday, November 15th. Jefferies Group restated a “hold” rating on shares of Energizer Holdings in a report on Wednesday, August 10th. Finally, Citigroup Inc. upped their target price on Energizer Holdings from $54.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. Energizer Holdings currently has an average rating of “Hold” and an average target price of $52.60.
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Energizer Holdings Company Profile
Energizer Holdings, Inc, formerly Energizer SpinCo, Inc, manufactures and markets batteries and portable lighting products. The Company is focused on household products business. The Company’s brands include Energizer and Eveready. In addition to the Energizer and Eveready brands, the Company also markets its flashlights under the Hard Case, Dolphin, and Weather Ready sub-brands.
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