Energizer (NYSE:ENR) Shares Gap Up After Strong Earnings

Key Points

• Earnings beat: Energizer reported EPS of $0.94 vs. $0.47 expected, sending the stock to a premarket gap-up (opened $21.01 vs. prior close $19.34) despite revenue of $643.3M being down 3%; management set Q3 2026 guidance of 0.75–0.85 EPS and FY 2026 guidance of 3.30–3.60 EPS.
• Dividend: the company declared a quarterly dividend of $0.30 (annualized $1.20), with an ex-dividend date of May 20 and a yield of 6.3% and a payout ratio of 40.4%.
• Market view and insider activity: analysts hold a consensus rating of "Hold" with a $23.43 average price target, while major shareholder Aqua Capital increased its stake via recent purchases.

Energizer Holdings, Inc. (NYSE:ENR - Get Free Report)'s share price gapped up prior to trading on Tuesday following a better than expected earnings announcement. The stock had previously closed at $19.34, but opened at $21.01. Energizer shares last traded at $18.89, with a volume of 204,785 shares trading hands.

The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.47. 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 analyst estimates of $661.92 million. During the same quarter in the prior year, the business posted $0.67 EPS. The business's revenue was down 3.0% compared to the same quarter last year. Energizer has set its Q3 2026 guidance at 0.750-0.850 EPS and its FY 2026 guidance at 3.300-3.600 EPS.

Energizer Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $1.20 annualized dividend and a dividend yield of 6.3%. Energizer's dividend payout ratio is presently 40.40%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Canaccord Genuity Group upped their target price on shares of Energizer from $19.00 to $20.00 and gave the stock a "hold" rating in a research note on Thursday, April 16th. JPMorgan Chase & Co. reduced their target price on shares of Energizer from $24.00 to $21.00 and set a "neutral" rating for the company in a research note on Friday, April 17th. UBS Group reduced their target price on shares of Energizer from $25.00 to $17.00 and set a "neutral" rating for the company in a research note on Tuesday, April 7th. Zacks Research upgraded shares of Energizer from a "strong sell" rating to a "hold" rating in a research report on Wednesday, February 11th. Finally, Morgan Stanley set a $24.00 price target on shares of Energizer in a research report on Monday, February 9th. 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, the company presently has a consensus rating of "Hold" and a consensus price target of $23.43.

Insider Buying and Selling at Energizer

In other news, major shareholder Aqua Capital, Ltd. purchased 14,372 shares of the business's stock in a transaction dated Wednesday, April 8th. The stock was bought at an average price of $17.47 per share, for a total transaction of $251,078.84. Following the purchase, the insider owned 7,019,372 shares of the company's stock, valued at $122,628,428.84. The trade was a 0.21% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders acquired 20,215 shares of company stock worth $361,302. 1.63% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Energizer

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ENR. Huntington National Bank boosted its position in Energizer by 1,836.1% during the third quarter. Huntington National Bank now owns 1,181 shares of the company's stock worth $29,000 after purchasing an additional 1,120 shares during the period. Versant Capital Management Inc boosted its position in Energizer by 92.4% during the third quarter. Versant Capital Management Inc now owns 1,233 shares of the company's stock worth $31,000 after purchasing an additional 592 shares during the period. Aster Capital Management DIFC Ltd boosted its position in Energizer by 148.1% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,077 shares of the company's stock worth $41,000 after purchasing an additional 1,240 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in Energizer during the third quarter worth about $47,000. Finally, Public Employees Retirement System of Ohio raised its holdings in Energizer by 25.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 2,479 shares of the company's stock valued at $49,000 after acquiring an additional 503 shares during the period. Institutional investors own 93.74% of the company's stock.

Energizer Price Performance

The business's fifty day simple moving average is $18.67 and its 200-day simple moving average is $20.41. The company has a current ratio of 1.99, a quick ratio of 1.07 and a debt-to-equity ratio of 23.49. The firm has a market cap of $1.31 billion, a P/E ratio of 6.30 and a beta of 0.80.

About Energizer

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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