Energizer Holdings, Inc. (NYSE:ENR) Receives Average Rating of "Hold" from Analysts

Key Points

• Energizer Holdings, Inc. has received an average consensus rating of "Hold" from seven research firms, with six analysts rating it as hold and one as buy, while the average 12-month price target is $31.43.
• The company reported $1.13 EPS for the recent quarter, surpassing expectations and reflecting a 3.4% increase in revenue compared to the same period last year.
• Energizer has declared a quarterly dividend of $0.30, which will yield about 4.0% annually, with a payout ratio of 34.58%.

Energizer Holdings, Inc. (NYSE:ENR - Get Free Report) has earned a consensus recommendation of "Hold" from the seven research firms that are presently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $31.4286.

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price target on Energizer from $27.00 to $28.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Truist Financial lifted their price target on shares of Energizer from $30.00 to $35.00 and gave the stock a "buy" rating in a research report on Wednesday. UBS Group restated a "neutral" rating and issued a $29.00 price objective (up from $23.00) on shares of Energizer in a report on Tuesday. Canaccord Genuity Group reduced their price objective on shares of Energizer from $31.00 to $27.00 and set a "hold" rating on the stock in a research note on Wednesday, May 7th. Finally, Barclays upped their target price on shares of Energizer from $24.00 to $27.00 and gave the company an "equal weight" rating in a research report on Wednesday.

Energizer Stock Down 0.5%

Shares of NYSE ENR opened at $29.71 on Thursday. Energizer has a 12-month low of $19.70 and a 12-month high of $39.51. The firm's 50-day simple moving average is $22.35 and its 200 day simple moving average is $26.51. The company has a quick ratio of 0.86, a current ratio of 1.78 and a debt-to-equity ratio of 17.57. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 8.56 and a beta of 0.63.

Energizer (NYSE:ENR - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.61 by $0.52. Energizer had a net margin of 8.60% and a return on equity of 181.90%. The business had revenue of $725.30 million for the quarter, compared to analysts' expectations of $692.67 million. During the same period in the prior year, the firm earned $0.79 earnings per share. Energizer's revenue was up 3.4% compared to the same quarter last year. On average, research analysts expect that Energizer will post 3.58 earnings per share for the current fiscal year.

Energizer Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Thursday, August 21st will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $1.20 annualized dividend and a dividend yield of 4.0%. Energizer's payout ratio is 34.58%.

Insider Activity

In other Energizer news, Director Donal L. Mulligan acquired 10,000 shares of the company's stock in a transaction that occurred on Monday, May 19th. The shares were acquired at an average price of $23.66 per share, with a total value of $236,600.00. Following the purchase, the director owned 10,000 shares of the company's stock, valued at $236,600. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Patrick J. Moore bought 10,000 shares of Energizer stock in a transaction on Monday, May 12th. The shares were acquired at an average price of $23.10 per share, for a total transaction of $231,000.00. Following the completion of the acquisition, the director owned 15,000 shares of the company's stock, valued at approximately $346,500. This represents a 200.00% increase in their position. The disclosure for this purchase can be found here. Insiders bought 25,000 shares of company stock valued at $578,140 in the last quarter. Company insiders own 0.98% of the company's stock.

Hedge Funds Weigh In On Energizer

Institutional investors and hedge funds have recently modified their holdings of the business. Penserra Capital Management LLC raised its holdings in Energizer by 264.5% during the 2nd quarter. Penserra Capital Management LLC now owns 7,374 shares of the company's stock worth $148,000 after buying an additional 5,351 shares during the period. NewSquare Capital LLC increased its position in shares of Energizer by 3.3% during the second quarter. NewSquare Capital LLC now owns 111,362 shares of the company's stock worth $2,245,000 after acquiring an additional 3,596 shares in the last quarter. Bryce Point Capital LLC increased its position in shares of Energizer by 48.1% during the second quarter. Bryce Point Capital LLC now owns 36,492 shares of the company's stock worth $736,000 after acquiring an additional 11,858 shares in the last quarter. Hussman Strategic Advisors Inc. raised its holdings in shares of Energizer by 50.0% during the second quarter. Hussman Strategic Advisors Inc. now owns 63,000 shares of the company's stock worth $1,270,000 after acquiring an additional 21,000 shares during the period. Finally, Bank of Montreal Can lifted its position in Energizer by 3.3% in the 2nd quarter. Bank of Montreal Can now owns 13,701 shares of the company's stock valued at $276,000 after acquiring an additional 435 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors and hedge funds.

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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