Energizer (NYSE:ENR) Posts Earnings Results, Beats Expectations By $0.12 EPS

Energizer (NYSE:ENR) issued its earnings results on Tuesday. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.67 by $0.12, Briefing.com reports. Energizer had a return on equity of 119.16% and a net margin of 2.97%. The company had revenue of $701.40 million during the quarter, compared to the consensus estimate of $704.86 million. During the same period in the previous year, the company posted $0.54 EPS. The firm’s revenue for the quarter was up .3% compared to the same quarter last year.

Energizer Price Performance

Shares of ENR stock traded up $0.66 on Wednesday, hitting $29.97. 677,714 shares of the company’s stock were exchanged, compared to its average volume of 521,347. The company has a 50 day moving average of $29.55 and a 200 day moving average of $29.47. The stock has a market cap of $2.15 billion, a P/E ratio of 25.18 and a beta of 1.05. The company has a debt-to-equity ratio of 16.86, a current ratio of 2.03 and a quick ratio of 1.04. Energizer has a 12 month low of $26.92 and a 12 month high of $36.72.

Energizer Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 22nd will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, August 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.00%. Energizer’s dividend payout ratio (DPR) is currently 100.84%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Canaccord Genuity Group reduced their target price on shares of Energizer from $33.00 to $32.00 and set a “hold” rating for the company in a report on Wednesday, May 8th. Truist Financial decreased their price objective on Energizer from $35.00 to $30.00 and set a “hold” rating on the stock in a report on Wednesday, May 8th. UBS Group lifted their price objective on shares of Energizer from $30.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. Evercore ISI decreased their target price on shares of Energizer from $42.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Morgan Stanley upgraded shares of Energizer from an “underweight” rating to an “equal weight” rating and set a $33.00 price target for the company in a research report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $33.13.

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.