Energizer (NYSE:ENR) Posts Quarterly Earnings Results

Key Points

• Adjusted EPS beat: Energizer reported adjusted EPS of $0.94 vs. a consensus of $0.47, driven by improved margins (adjusted gross margin ~44.4%) aided by about $48M of tariff recognition, and management said it now expects to deliver the high end of fiscal 2026 earnings outlook.
• Top-line miss and softer near-term guide: Revenue of $643.3M missed estimates (~$661.9M, down ~3% YoY) and Q3 EPS guidance of $0.75–$0.85 was well below Street expectations (~$0.93), helping drive the stock down ~5.5% to $18.27.
• Cash return and persistent headwinds: The company announced a quarterly dividend of $0.30 (annualized yield ~6.6%), while tariffs remain a drag (~$15M per quarter) and production-credit benefits are now expected to be ~10–15% lower than previously planned.

Energizer (NYSE:ENR - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.47, FiscalAI reports. Energizer had a net margin of 7.11% and a return on equity of 143.24%. The firm had revenue of $643.30 million during the quarter, compared to analysts' expectations of $661.92 million. During the same quarter in the prior year, the company earned $0.67 EPS. The company's revenue was down 3.0% compared to the same quarter last year. Energizer updated its Q3 2026 guidance to 0.750-0.850 EPS and its FY 2026 guidance to 3.300-3.600 EPS.

Here are the key takeaways from Energizer's conference call:

• Q2 execution improved margins through disciplined pricing, supply‑chain optimization and cost actions, and management said it now expects to deliver the high end of fiscal 2026 earnings outlook.
• The company expects a Q3 inflection in organic net sales driven by the APS integration, new product innovation (e.g., Energizer Ultimate Child Shield), expanded distribution and targeted pricing.
• Energizer recorded a tariff receivable of $65 million and recognized roughly $48 million in Q2, which management says will support margins though actual cash timing is uncertain.
• Tariffs remain a persistent drag (about $15 million per quarter, ~$60 million annually) and production‑credit benefits are now expected to be ~10–15% lower than originally planned, creating near‑term gross profit headwinds.
• Management trimmed top‑line outlook citing a cautious consumer (softer start to auto‑care peak season, modestly higher promotional activity and private‑label pressure) and noted ~50 bps revenue drag in the quarter from Middle East shipping delays.

Energizer Stock Down 5.5%

NYSE:ENR traded down $1.07 during midday trading on Tuesday, reaching $18.27. 1,167,381 shares of the stock traded hands, compared to its average volume of 1,249,272. The business has a 50-day moving average of $18.67 and a two-hundred day moving average of $20.41. The company has a debt-to-equity ratio of 23.49, a quick ratio of 1.07 and a current ratio of 1.99. Energizer has a 12-month low of $16.00 and a 12-month high of $30.29. The stock has a market capitalization of $1.25 billion, a PE ratio of 6.15 and a beta of 0.80.

Energizer Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $1.20 dividend on an annualized basis and a yield of 6.6%. Energizer's dividend payout ratio is presently 40.40%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. UBS Group lowered their price target on shares of Energizer from $25.00 to $17.00 and set a "neutral" rating for the company in a research report on Tuesday, April 7th. Zacks Research raised shares of Energizer from a "strong sell" rating to a "hold" rating in a research report on Wednesday, February 11th. Morgan Stanley set a $24.00 price objective on Energizer in a research report on Monday, February 9th. Evercore set a $28.00 price objective on Energizer in a research report on Tuesday, February 10th. Finally, Barclays raised their price objective on Energizer from $18.00 to $19.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 14th. One analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $23.43.

Insider Buying and Selling

In other Energizer news, major shareholder Aqua Capital, Ltd. purchased 4,200 shares of the firm's stock in a transaction on Wednesday, April 15th. The stock was bought at an average cost of $18.85 per share, for a total transaction of $79,170.00. Following the completion of the purchase, the insider owned 7,025,215 shares in the company, valued at $132,425,302.75. This represents a 0.06% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders bought 20,215 shares of company stock valued at $361,302 in the last three months. Company insiders own 1.63% of the company's stock.

Institutional Investors Weigh In On Energizer

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Street Corp raised its holdings in shares of Energizer by 0.5% in the fourth quarter. State Street Corp now owns 2,490,608 shares of the company's stock worth $49,538,000 after buying an additional 13,200 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Energizer by 16.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,348,768 shares of the company's stock worth $46,717,000 after buying an additional 323,363 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Energizer by 69.4% in the fourth quarter. Wellington Management Group LLP now owns 903,293 shares of the company's stock worth $17,966,000 after buying an additional 370,216 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Energizer by 25.8% in the fourth quarter. Invesco Ltd. now owns 589,954 shares of the company's stock worth $11,734,000 after buying an additional 121,051 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Energizer by 3.1% in the third quarter. Bank of America Corp DE now owns 527,288 shares of the company's stock worth $13,124,000 after buying an additional 15,898 shares during the last quarter. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Energizer

Here are the key news stories impacting Energizer this week:

• Positive Sentiment: Adjusted EPS materially beat estimates: Adjusted EPS of $0.94 topped consensus (~$0.47), up from $0.67 a year ago, signaling better profitability and operating leverage. Energizer Holdings (ENR) Surpasses Q2 Earnings Estimates
• Positive Sentiment: Big margin improvement and one‑time benefit: Adjusted gross margin rose to ~44.4% aided by a $47.6M tariff refund, which supported the adjusted EPS beat and suggests operating margin upside if cost actions persist. Energizer Holdings gains after seeing 'significant' margin improvement in FQ2
• Neutral Sentiment: FY 2026 guidance roughly in line with consensus: Management updated FY EPS to $3.30–$3.60 (consensus ~3.34), and guided to low single‑digit net sales growth and flat organic sales — not a material upside but supports the view of stable full‑year results. Energizer Holdings, Inc. Announces Fiscal 2026 Second Quarter Results
• Neutral Sentiment: Key metric review available for investors: Detailed metric comparisons to estimates and prior year are circulating (useful for model updates). Compared to Estimates, Energizer (ENR) Q2 Earnings: A Look at Key Metrics
• Negative Sentiment: Revenue missed and sales remain soft: Net sales were $643.3M vs. ~$661.9M expected, down ~3% year‑over‑year — weaker topline growth raises questions about demand trends and brand momentum. Energizer NYSE: ENR misses Q1 CY2026 revenue estimates
• Negative Sentiment: Q3 guide disappoints vs. Street: Q3 EPS guide of $0.75–$0.85 is well below the ~$0.93 consensus, creating near‑term earnings risk and likely the biggest driver of the stock decline. Energizer Holdings, Inc. Announces Fiscal 2026 Second Quarter Results

Energizer Company Profile

Energizer Holdings, Inc is a global consumer products company best known for its portfolio of portable power and lighting solutions. The company's primary business activities include the design, manufacture and marketing of batteries under the Energizer and Rayovac brands, as well as portable lighting products such as flashlights, headlamps and lanterns. Energizer also produces a range of automotive appearance and protection products, including tire inflators and repair kits, along with personal care offerings like aerosol insect repellents and sunscreen under licensed brands.

Founded in 2000 through the spin-off of the battery business from Ralston Purina Company, Energizer has grown through both organic development and strategic acquisitions.

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