FY2028 EPS Estimates for Energizer Cut by Zacks Research

Key Points

• Zacks Research lowered Energizer’s FY2028 EPS estimate to $3.38 from $3.82, reflecting weaker expected earnings growth. Its FY2026 and FY2027 estimates were also reduced to $3.32 and $3.30, respectively.
• Energizer’s latest quarterly EPS of $0.75 missed analysts’ $0.83 consensus, although revenue of $734.1 million exceeded estimates and increased 1.2% year over year.
• Analyst sentiment remains cautious, with six Hold ratings and one Sell rating producing a consensus “Reduce” rating and an average price target of $21.83. The company also offers a $0.30 quarterly dividend, yielding about 5.5%.

Energizer Holdings, Inc. (NYSE:ENR - Free Report) - Investment analysts at Zacks Research reduced their FY2028 earnings per share (EPS) estimates for Energizer in a research note issued on Tuesday, August 18th. Zacks Research analyst Team now anticipates that the company will post earnings of $3.38 per share for the year, down from their prior forecast of $3.82. The consensus estimate for Energizer's current full-year earnings is $3.31 per share.

Several other brokerages have also issued reports on ENR. Morgan Stanley reaffirmed a "negative" rating and issued a $21.00 target price on shares of Energizer in a research note on Tuesday, August 4th. Canaccord Genuity Group set a $18.00 price target on shares of Energizer in a research note on Wednesday, August 5th. UBS Group increased their price objective on shares of Energizer from $21.00 to $23.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Energizer in a research note on Wednesday, June 24th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Energizer from $19.00 to $22.00 and gave the stock a "neutral" rating in a report on Thursday, July 16th. Six investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and an average target price of $21.83.

Energizer Stock Performance

Shares of NYSE:ENR opened at $21.71 on Thursday. The stock has a market capitalization of $1.49 billion, a P/E ratio of 18.40 and a beta of 0.75. Energizer has a 1-year low of $15.75 and a 1-year high of $30.29. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 16.22. The business has a 50-day moving average price of $21.30 and a two-hundred day moving average price of $19.92.

Energizer (NYSE:ENR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.08). The firm had revenue of $734.10 million for the quarter, compared to analyst estimates of $720.29 million. Energizer had a net margin of 2.73% and a return on equity of 122.63%. The company's revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $2.13 EPS. Energizer has set its Q4 2026 guidance at 1.250-1.350 EPS and its FY 2026 guidance at 3.600-3.600 EPS.

Institutional Trading of Energizer

Several hedge funds have recently added to or reduced their stakes in ENR. BlackRock Inc. bought a new position in shares of Energizer during the 2nd quarter valued at about $201,796,000. Northwestern Mutual Wealth Management Co. increased its stake in Energizer by 148,623.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,794,522 shares of the company's stock worth $55,583,000 after purchasing an additional 2,792,643 shares in the last quarter. Armistice Capital LLC bought a new stake in Energizer during the 4th quarter worth approximately $20,606,000. Bank of New York Mellon Corp acquired a new stake in Energizer during the 2nd quarter worth approximately $22,040,000. Finally, Cibc World Market Inc. bought a new position in Energizer in the second quarter valued at approximately $12,710,000. Institutional investors and hedge funds own 93.74% of the company's stock.

Insiders Place Their Bets

In other news, major shareholder Aqua Capital, Ltd. purchased 60,000 shares of Energizer stock in a transaction dated Thursday, July 23rd. The shares were bought at an average cost of $20.25 per share, with a total value of $1,215,000.00. Following the completion of the transaction, the insider directly owned 7,940,000 shares in the company, valued at $160,785,000. This trade represents a 0.76% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have acquired 413,692 shares of company stock valued at $8,357,139 in the last quarter. Company insiders own 1.63% of the company's stock.

Energizer Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Wednesday, August 19th. Energizer's dividend payout ratio is presently 101.69%.

Key Headlines Impacting Energizer

Here are the key news stories impacting Energizer this week:

• Negative Sentiment: Zacks reduced its FY2026 EPS estimate to $3.32 from $3.54 and its FY2027 forecast to $3.30 from $3.61. The FY2028 estimate was also cut to $3.38 from $3.82, indicating weaker expected earnings growth over the next several years. Energizer Holdings stock and analyst information
• Negative Sentiment: Quarterly estimates were lowered across the forecast period, including Q4 2026 EPS to $1.32 from $1.46, Q1 2027 to $0.53 from $0.60, Q2 2027 to $0.50 from $0.55, and Q3 2027 to $0.92 from $1.03. Longer-term 2028 estimates were similarly reduced, including Q1 2028 EPS to $0.55 from $0.65 and Q2 2028 to $0.52 from $0.60. Energizer Holdings stock and analyst information
• Neutral Sentiment: Zacks’ revised FY2026 and FY2027 estimates of $3.32 and $3.30 per share remain close to the broader current-year consensus of $3.31, suggesting the revisions are a negative shift in expectations but not a major divergence from the overall analyst view. Energizer Holdings stock and analyst information

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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