Energizer (NYSE:ENR) Releases FY 2022 Earnings Guidance

Energizer (NYSE:ENR) issued an update on its FY 2022 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $3.000-$3.300 for the period, compared to the Thomson Reuters consensus estimate of $3.490. The company issued revenue guidance of -.

Shares of ENR traded up $0.26 during mid-day trading on Thursday, reaching $39.55. The company had a trading volume of 687,056 shares, compared to its average volume of 640,004. The firm has a fifty day simple moving average of $38.39 and a 200-day simple moving average of $41.21. Energizer has a fifty-two week low of $36.14 and a fifty-two week high of $52.85. The company has a current ratio of 1.52, a quick ratio of 0.75 and a debt-to-equity ratio of 9.37. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 19.01 and a beta of 1.12.

Energizer (NYSE:ENR) last released its quarterly earnings results on Wednesday, November 10th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.07. Energizer had a net margin of 5.33% and a return on equity of 74.55%. During the same quarter in the prior year, the business posted $0.59 EPS. As a group, equities analysts predict that Energizer will post 3.24 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 15th. Shareholders of record on Tuesday, November 30th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date is Monday, November 29th. Energizer’s payout ratio is 57.69%.

A number of analysts have commented on the stock. Morgan Stanley dropped their price target on shares of Energizer from $51.00 to $46.00 and set an overweight rating on the stock in a research report on Monday, November 15th. Citigroup dropped their target price on shares of Energizer from $51.00 to $42.00 and set a neutral rating on the stock in a report on Monday, August 9th. Finally, Zacks Investment Research lowered shares of Energizer from a hold rating to a strong sell rating and set a $34.00 price target on the stock. in a report on Monday, October 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $48.33.

A number of large investors have recently modified their holdings of the business. Morgan Stanley boosted its stake in shares of Energizer by 54.0% in the 2nd quarter. Morgan Stanley now owns 261,063 shares of the company’s stock valued at $11,221,000 after purchasing an additional 91,559 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Energizer in the 3rd quarter valued at approximately $243,000. Finally, BNP Paribas Arbitrage SA raised its holdings in Energizer by 38.3% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 11,429 shares of the company’s stock worth $446,000 after buying an additional 3,164 shares during the period. 88.53% of the stock is currently owned by hedge funds and other institutional investors.

About Energizer

Energizer Holdings, Inc is a global producer of household products, such as batteries, auto care, and portable lights. It engages in manufacturing, marketing, and distribution of household and specialty batteries; automotive appearance, performance, refrigerant, and freshener products; and portable lights.

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Earnings History and Estimates for Energizer (NYSE:ENR)

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