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

Key Points

• Energizer Holdings, Inc. declared a quarterly dividend of $0.30 per share, representing an annualized dividend of $1.20 and a dividend yield of 5.07%, with payment scheduled for September 10th for shareholders on record by August 21st.
• The company's stock has recently seen a decline of 2.3%, trading at $23.69, with a market capitalization of $1.71 billion and earnings per share of $0.67 for the last quarter, missing consensus estimates.
• Several analysts have adjusted their price targets for Energizer, with consensus ratings showing a majority hold and a target price averaging around $30.75, reflecting mixed sentiment in the market.

Energizer Holdings, Inc. (NYSE:ENR - Get Free Report) announced a quarterly dividend on Monday, July 28th, RTT News reports. Stockholders of record on Thursday, August 21st will be paid a dividend of 0.30 per share on Wednesday, September 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.07%.

Energizer has a payout ratio of 34.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Energizer to earn $3.82 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 31.4%.

Energizer Stock Down 2.3%

Shares of ENR traded down $0.55 during trading hours on Monday, hitting $23.69. The company had a trading volume of 909,475 shares, compared to its average volume of 853,448. The company has a market capitalization of $1.71 billion, a PE ratio of 32.45 and a beta of 0.63. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 23.56. The company's fifty day moving average price is $22.02 and its two-hundred day moving average price is $26.93. Energizer has a one year low of $19.70 and a one year high of $39.51.

Energizer (NYSE:ENR - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.01). Energizer had a net margin of 1.87% and a return on equity of 184.22%. The business had revenue of $662.90 million for the quarter, compared to analyst estimates of $670.85 million. During the same period in the prior year, the company earned $0.72 earnings per share. The company's quarterly revenue was down .1% on a year-over-year basis. As a group, equities analysts forecast that Energizer will post 3.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on ENR. Barclays lowered their price objective on shares of Energizer from $26.00 to $24.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 15th. UBS Group lowered their price objective on shares of Energizer from $26.00 to $23.00 and set a "neutral" rating on the stock in a research note on Thursday, July 17th. JPMorgan Chase & Co. lifted their price objective on Energizer from $27.00 to $28.00 and gave the stock a "neutral" rating in a research report on Friday. Truist Financial lowered their target price on shares of Energizer from $40.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Finally, Canaccord Genuity Group dropped their price objective on shares of Energizer from $31.00 to $27.00 and set a "hold" rating for the company in a research note on Wednesday, May 7th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $30.75.

Insider Buying and Selling

In related news, Director Patrick J. Moore acquired 10,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was acquired at an average cost of $23.10 per share, with a total value of $231,000.00. Following the completion of the purchase, the director directly owned 15,000 shares in the company, valued at approximately $346,500. This trade represents a 200.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark Stephen Lavigne purchased 4,000 shares of the company's stock in a transaction dated Friday, May 9th. The shares were acquired at an average cost of $21.67 per share, for a total transaction of $86,680.00. Following the transaction, the chief executive officer owned 277,645 shares of the company's stock, valued at $6,016,567.15. This trade represents a 1.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 25,000 shares of company stock worth $578,140 in the last quarter. Insiders own 0.98% of the company's stock.

Institutional Investors Weigh In On Energizer

Several institutional investors have recently made changes to their positions in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Energizer by 8.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 177,092 shares of the company's stock valued at $5,299,000 after buying an additional 13,216 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Energizer by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,775 shares of the company's stock valued at $1,280,000 after acquiring an additional 1,857 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of Energizer by 20.0% during the 1st quarter. AQR Capital Management LLC now owns 108,822 shares of the company's stock worth $3,220,000 after purchasing an additional 18,146 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors.

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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