Energizer (NYSE:ENR – Get Free Report) posted its earnings results on Tuesday. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05, Briefing.com reports. The business had revenue of $663.30 million for the quarter, compared to analysts’ expectations of $664.10 million. Energizer had a net margin of 3.21% and a return on equity of 123.29%. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.64 earnings per share. Energizer updated its Q3 guidance to $0.62-0.68 EPS and its FY24 guidance to $3.10-3.30 EPS.
Energizer Price Performance
ENR traded up $0.19 on Wednesday, reaching $29.16. The stock had a trading volume of 237,358 shares, compared to its average volume of 499,711. The firm has a 50-day moving average of $28.41 and a 200-day moving average of $30.51. 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 has a fifty-two week low of $26.92 and a fifty-two week high of $37.32. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 22.72 and a beta of 1.04.
Energizer Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 22nd will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.12%. Energizer’s dividend payout ratio (DPR) is currently 93.02%.
Wall Street Analysts Forecast Growth
Read Our Latest Analysis on ENR
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.
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