Energizer Holdings, Inc. (NYSE:ENR) Plans $0.30 Quarterly Dividend

Energizer Holdings, Inc. (NYSE:ENR) declared a quarterly dividend on Monday, July 29th, RTT News reports. Stockholders of record on Thursday, August 22nd will be given a dividend of 0.30 per share on Tuesday, September 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date of this dividend is Thursday, August 22nd.

Energizer has a dividend payout ratio of 34.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Energizer to earn $3.40 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 35.3%.

Energizer Stock Performance

NYSE ENR opened at $29.11 on Wednesday. The stock has a market cap of $2.09 billion, a PE ratio of 24.46 and a beta of 1.05. The company has a current ratio of 2.03, a quick ratio of 1.04 and a debt-to-equity ratio of 16.86. Energizer has a twelve month low of $26.92 and a twelve month high of $36.72. The stock has a fifty day simple moving average of $29.70 and a 200-day simple moving average of $29.26.

Energizer (NYSE:ENR) last announced its earnings results on Tuesday, August 6th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.12. 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 analysts’ expectations of $704.86 million. During the same period last year, the business posted $0.54 EPS. Energizer’s revenue for the quarter was up .3% on a year-over-year basis. Equities analysts anticipate that Energizer will post 3.21 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on ENR shares. Canaccord Genuity Group lowered their target price on Energizer from $33.00 to $32.00 and set a “hold” rating for the company in a report on Wednesday, May 8th. Truist Financial cut their target price on Energizer from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, May 8th. Barclays raised their target price on Energizer from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Evercore ISI cut their target price on Energizer from $42.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Finally, UBS Group raised their target price on Energizer from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Energizer presently has a consensus rating of “Hold” and an average target price of $33.13.

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.