Energizer (NYSE:ENR) Issues FY24 Earnings Guidance

Energizer (NYSE:ENR) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $3.10-3.30 for the period, compared to the consensus earnings per share estimate of $3.21. Energizer also updated its Q3 guidance to $0.62-0.68 EPS.

Energizer Stock Up 0.9 %

NYSE:ENR opened at $29.45 on Tuesday. The stock has a 50-day simple moving average of $28.41 and a 200 day simple moving average of $30.53. Energizer has a 52-week low of $26.92 and a 52-week high of $37.32. The company has a market cap of $2.11 billion, a PE ratio of 22.83 and a beta of 1.04. The company has a debt-to-equity ratio of 19.36, a quick ratio of 1.15 and a current ratio of 2.03.

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, beating analysts’ consensus estimates of $0.57 by $0.02. Energizer had a net margin of 3.21% and a return on equity of 123.29%. The company had revenue of $716.60 million for the quarter, compared to the consensus estimate of $710.73 million. During the same period last year, the company earned $0.72 earnings per share. The firm’s revenue was down 6.3% compared to the same quarter last year. On average, sell-side analysts expect that Energizer will post 3.21 EPS for the current fiscal year.

Energizer Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 22nd will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $1.20 annualized dividend and a yield of 4.07%. Energizer’s payout ratio is currently 93.02%.

Analyst Upgrades and Downgrades

ENR has been the subject of several analyst reports. StockNews.com cut Energizer from a buy rating to a hold rating in a report on Wednesday, February 7th. Barclays lowered their price target on Energizer from $36.00 to $32.00 and set an overweight rating on the stock in a research report on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $35.00.

About Energizer

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.