Energizer Holdings, Inc. (ENR) to Issue Quarterly Dividend of $0.28 on September 12th
Energizer Holdings, Inc. (NYSE:ENR) announced a quarterly dividend on Tuesday, August 1st, Wall Street Journal reports. Investors of record on Monday, August 21st will be given a dividend of 0.275 per share on Tuesday, September 12th. This represents a $1.10 annualized dividend and a yield of 2.65%. The ex-dividend date is Thursday, August 17th.
Energizer Holdings has decreased its dividend payment by an average of 17.1% annually over the last three years. Energizer Holdings has a payout ratio of 37.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Energizer Holdings to earn $2.89 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 38.1%.
Shares of Energizer Holdings (ENR) opened at 41.48 on Wednesday. The firm has a market cap of $2.57 billion, a P/E ratio of 13.77 and a beta of 0.57. The company has a 50-day moving average of $45.71 and a 200 day moving average of $52.32. Energizer Holdings has a 12-month low of $40.98 and a 12-month high of $60.07.
Energizer Holdings (NYSE:ENR) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.37 by $0.06. Energizer Holdings had a net margin of 10.97% and a return on equity of 529.84%. The firm had revenue of $372 million during the quarter, compared to analyst estimates of $390.88 million. During the same quarter in the prior year, the business posted $0.32 earnings per share. Energizer Holdings’s revenue for the quarter was up 3.0% compared to the same quarter last year. Equities research analysts anticipate that Energizer Holdings will post $2.90 earnings per share for the current fiscal year.
In other news, Director Robert V. Vitale purchased 7,300 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was acquired at an average cost of $41.61 per share, with a total value of $303,753.00. Following the acquisition, the director now owns 2,300 shares in the company, valued at $95,703. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.73% of the stock is currently owned by company insiders.
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Several equities research analysts have recently issued reports on ENR shares. UBS AG reissued a “neutral” rating and issued a $47.00 price objective (down previously from $49.00) on shares of Energizer Holdings in a research report on Wednesday, August 9th. Jefferies Group LLC reissued a “hold” rating and issued a $54.00 price objective (down previously from $62.00) on shares of Energizer Holdings in a research report on Thursday, July 6th. KeyCorp raised shares of Energizer Holdings from a “sector weight” rating to an “overweight” rating and set a $55.00 price objective for the company in a research report on Tuesday, July 18th. Morgan Stanley lowered shares of Energizer Holdings from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $58.00 to $61.00 in a research report on Wednesday, April 19th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered shares of Energizer Holdings from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $53.86.
Energizer Holdings Company Profile
Energizer Holdings, Inc is a manufacturer, marketer and distributor of household batteries, specialty batteries and lighting products. The Company is a designer and marketer of automotive fragrance and appearance products. It operates through four geographic segments: North America, which consists of the United States and Canada; Latin America, which includes its markets in Mexico, the Caribbean, Central America and South America; Europe, the Middle East and Africa (EMEA), and Asia Pacific, which consists of its markets in Asia, Australia and New Zealand.
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