Energizer (NYSE:ENR) Rating Lowered to Buy at Wall Street Zen

Key Points

• The stock rating for Energizer (NYSE:ENR) was downgraded from "strong-buy" to "buy" by Wall Street Zen.
• Several analyst upgrades have occurred recently, with Barclays raising its price target to $27.00 and Truist Financial to $35.00, while maintaining a "buy" rating.
• Energizer reported a quarterly earnings per share (EPS) of $1.13, significantly outperforming analyst estimates of $0.61, with revenue of $725.30 million for the quarter.

Wall Street Zen lowered shares of Energizer (NYSE:ENR - Free Report) from a strong-buy rating to a buy rating in a research report released on Saturday morning.

Several other research firms also recently weighed in on ENR. Barclays increased their price target on Energizer from $24.00 to $27.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. JPMorgan Chase & Co. increased their price target on Energizer from $27.00 to $28.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. UBS Group reiterated a "neutral" rating and set a $29.00 price target (up previously from $23.00) on shares of Energizer in a research note on Tuesday, August 5th. Finally, Truist Financial increased their price target on Energizer from $30.00 to $35.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. One analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $31.43.

Energizer Stock Performance

NYSE:ENR traded down $0.12 during trading on Friday, reaching $29.53. The company's stock had a trading volume of 799,664 shares, compared to its average volume of 700,277. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 8.51 and a beta of 0.69. The company has a debt-to-equity ratio of 17.57, a quick ratio of 0.84 and a current ratio of 1.78. The firm has a 50 day moving average of $26.74 and a 200-day moving average of $25.67. Energizer has a 12 month low of $19.70 and a 12 month high of $39.51.

Energizer (NYSE:ENR - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.52. The firm had revenue of $725.30 million during the quarter, compared to the consensus estimate of $692.67 million. Energizer had a return on equity of 181.90% and a net margin of 8.60%.The business's revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.79 EPS. Energizer has set its Q4 2025 guidance at 1.050-1.150 EPS. FY 2025 guidance at 3.550-3.650 EPS. Research analysts expect that Energizer will post 3.58 EPS for the current fiscal year.

Energizer Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Thursday, August 21st were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $1.20 annualized dividend and a dividend yield of 4.1%. Energizer's dividend payout ratio (DPR) is presently 34.58%.

Hedge Funds Weigh In On Energizer

A number of large investors have recently modified their holdings of ENR. Cetera Investment Advisers raised its holdings in shares of Energizer by 5.5% during the 4th quarter. Cetera Investment Advisers now owns 11,262 shares of the company's stock valued at $393,000 after buying an additional 586 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of Energizer by 14.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 180,442 shares of the company's stock valued at $6,296,000 after buying an additional 22,091 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Energizer by 48.9% during the 4th quarter. Deutsche Bank AG now owns 67,460 shares of the company's stock valued at $2,354,000 after buying an additional 22,145 shares in the last quarter. Gotham Asset Management LLC raised its holdings in shares of Energizer by 48.6% during the 4th quarter. Gotham Asset Management LLC now owns 33,571 shares of the company's stock valued at $1,171,000 after buying an additional 10,983 shares in the last quarter. Finally, Jefferies Financial Group Inc. purchased a new position in shares of Energizer during the 4th quarter valued at about $366,000. 93.74% of the stock is owned by hedge funds and other 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.