Energizer Holdings, Inc. (NYSE:ENR) Receives Consensus Rating of “Reduce” from Analysts

Shares of Energizer Holdings, Inc. (NYSE:ENR) have been given an average rating of “Reduce” by the six analysts that are presently covering the company, Marketbeat Ratings reports. Two 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 1-year price objective among brokerages that have covered the stock in the last year is $35.00.

A number of equities analysts have recently issued reports on ENR shares. Barclays cut their target price on Energizer from $36.00 to $32.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. StockNews.com downgraded Energizer from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th.

Energizer Stock Down 1.1 %

Shares of NYSE ENR opened at $28.40 on Friday. The stock has a market cap of $2.04 billion, a PE ratio of 22.02 and a beta of 1.06. The company has a quick ratio of 1.15, a current ratio of 2.03 and a debt-to-equity ratio of 19.36. Energizer has a 52-week low of $26.92 and a 52-week high of $37.32. The business has a 50-day moving average price of $28.56 and a 200 day moving average price of $30.65.

Energizer (NYSE:ENR) last announced its earnings results on Tuesday, February 6th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The firm had revenue of $716.60 million during the quarter, compared to analysts’ expectations of $710.73 million. Energizer had a return on equity of 123.29% and a net margin of 3.21%. The business’s revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.72 EPS. Equities research analysts forecast that Energizer will post 3.21 earnings per share for the current 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. This represents a $1.20 annualized dividend and a yield of 4.23%. The ex-dividend date of this dividend was Tuesday, February 20th. Energizer’s payout ratio is currently 93.02%.

Hedge Funds Weigh In On Energizer

Several hedge funds have recently bought and sold shares of ENR. FMR LLC grew its holdings in Energizer by 28.2% during the 3rd quarter. FMR LLC now owns 6,860,185 shares of the company’s stock valued at $219,800,000 after buying an additional 1,508,081 shares during the last quarter. Vanguard Group Inc. grew its holdings in Energizer by 13.8% during the 3rd quarter. Vanguard Group Inc. now owns 9,298,682 shares of the company’s stock valued at $297,930,000 after buying an additional 1,126,158 shares during the last quarter. Norges Bank acquired a new stake in Energizer during the 4th quarter valued at $16,559,000. Invesco Ltd. grew its holdings in Energizer by 67.7% during the 3rd quarter. Invesco Ltd. now owns 379,120 shares of the company’s stock valued at $12,147,000 after buying an additional 153,047 shares during the last quarter. Finally, Great Lakes Advisors LLC acquired a new stake in Energizer during the 4th quarter valued at $3,629,000. 93.74% of the stock is owned by hedge funds and other 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.