Energizer (NYSE:ENR) Issues Earnings Results

Key Points

• Energizer reported strong earnings of $1.13 EPS for the quarter, surpassing analysts' expectations of $0.61 by $0.52.
• The company announced a quarterly dividend of $0.30 per share, with an annual yield of 5.4%, set to be paid on September 10th.
• Wall Street analysts maintain a consensus "Hold" rating for Energizer, with a price target average of $30.75, despite recent adjustments from various financial institutions.

Energizer (NYSE:ENR - Get Free Report) posted its earnings results on Monday. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.52, Zacks reports. Energizer had a return on equity of 184.22% and a net margin of 1.87%.

Energizer Stock Performance

ENR opened at $22.09 on Monday. Energizer has a 52-week low of $19.70 and a 52-week high of $39.51. The firm has a market capitalization of $1.59 billion, a PE ratio of 30.26 and a beta of 0.63. The company has a debt-to-equity ratio of 23.56, a quick ratio of 0.86 and a current ratio of 1.86. The business's 50-day simple moving average is $21.98 and its 200 day simple moving average is $26.51.

Energizer Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Thursday, August 21st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.4%. The ex-dividend date is Thursday, August 21st. Energizer's dividend payout ratio is presently 164.38%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ENR shares. JPMorgan Chase & Co. boosted their price target on Energizer from $27.00 to $28.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Truist Financial cut their price target on Energizer from $40.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. UBS Group cut their price target on Energizer from $26.00 to $23.00 and set a "neutral" rating on the stock in a report on Thursday, July 17th. Canaccord Genuity Group cut their price target on Energizer from $31.00 to $27.00 and set a "hold" rating on the stock in a report on Wednesday, May 7th. Finally, Barclays cut their price target on Energizer from $26.00 to $24.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 15th. Seven 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, Energizer presently has an average rating of "Hold" and a consensus price target of $30.75.

Insider Buying and Selling

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

Hedge Funds Weigh In On Energizer

A number of institutional investors have recently bought and sold shares of ENR. AQR Capital Management LLC increased its position in Energizer by 20.0% during the first quarter. AQR Capital Management LLC now owns 108,822 shares of the company's stock worth $3,220,000 after buying an additional 18,146 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Energizer by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,775 shares of the company's stock valued at $1,280,000 after purchasing an additional 1,857 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Energizer by 8.1% in the first 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 purchasing an additional 13,216 shares during the last quarter. Institutional investors and hedge funds own 93.74% of the company's stock.

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.

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