Energizer Holdings, Inc. (NYSE:ENR) Receives $35.67 Average Target Price from Analysts

Energizer Holdings, Inc. (NYSE:ENR) has received a consensus recommendation of “Reduce” from the six ratings firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $35.67.

A number of research firms recently commented on ENR. StockNews.com cut shares of Energizer from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Barclays raised their price objective on shares of Energizer from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th.

Energizer Trading Up 1.1 %

ENR stock opened at $29.44 on Monday. Energizer has a 1-year low of $27.58 and a 1-year high of $37.32. The firm has a market cap of $2.11 billion, a P/E ratio of 22.82 and a beta of 1.06. The business’s 50 day moving average is $29.89 and its 200-day moving average is $31.20. The company has a current ratio of 2.03, a quick ratio of 1.15 and a debt-to-equity ratio of 19.36.

Energizer (NYSE:ENR) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.02. The firm had revenue of $716.60 million for the quarter, compared to the consensus estimate of $710.73 million. Energizer had a return on equity of 123.29% and a net margin of 3.21%. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.72 EPS. Equities analysts anticipate that Energizer will post 3.2 earnings per share for the current fiscal year.

Energizer Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Wednesday, February 21st were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $1.20 dividend on an annualized basis and a yield of 4.08%. Energizer’s dividend payout ratio (DPR) is 93.02%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Ancora Advisors LLC acquired a new position in shares of Energizer during the first quarter worth $37,000. KBC Group NV bought a new stake in shares of Energizer during the fourth quarter worth about $25,000. Jones Financial Companies Lllp bought a new stake in Energizer in the 3rd quarter worth about $32,000. Signaturefd LLC grew its position in shares of Energizer by 35.3% during the 3rd quarter. Signaturefd LLC now owns 1,384 shares of the company’s stock valued at $44,000 after acquiring an additional 361 shares during the period. Finally, Belpointe Asset Management LLC grew its position in shares of Energizer by 42.4% during the 1st quarter. Belpointe Asset Management LLC now owns 1,836 shares of the company’s stock valued at $64,000 after acquiring an additional 547 shares during the period. 93.74% of the stock is owned by institutional investors.

Energizer Company Profile

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.