Energizer (NYSE:ENR – Get Free Report) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.60-0.65 for the period, compared to the consensus EPS estimate of $0.65. Energizer also updated its FY 2025 guidance to 3.450-3.650 EPS.
Analyst Ratings Changes
Several brokerages have issued reports on ENR. Evercore ISI dropped their price objective on Energizer from $42.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Morgan Stanley raised their price target on Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday. JPMorgan Chase & Co. upgraded Energizer from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $32.00 to $39.00 in a research note on Wednesday. Canaccord Genuity Group raised their target price on shares of Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, StockNews.com downgraded shares of Energizer from a “buy” rating to a “hold” rating in a research report on Monday, October 14th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $37.63.
Energizer Trading Up 1.1 %
Energizer Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date is Wednesday, November 27th. Energizer’s dividend payout ratio (DPR) is currently 230.77%.
Insider Transactions at Energizer
In related news, EVP Robin Vauth sold 1,978 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $35.97, for a total value of $71,148.66. Following the sale, the executive vice president now directly owns 5,758 shares in the company, valued at $207,115.26. The trade was a 25.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.77% of the company’s stock.
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.
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