Energizer Holdings, Inc. (NYSE:ENR) Receives Average Rating of "Reduce" from Analysts

Energizer Holdings, Inc. (NYSE:ENR - Get Free Report) has been given a consensus rating of "Reduce" by the six analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $35.00.

A number of analysts have recently commented on ENR shares. Barclays dropped their price target on Energizer from $36.00 to $32.00 and set an "overweight" rating on the stock in a research report on Friday, April 12th. StockNews.com cut Energizer from a "buy" rating to a "hold" rating in a research report on Wednesday, February 7th.

Hedge Funds Weigh In On Energizer

Hedge funds have recently added to or reduced their stakes in the company. Ancora Advisors LLC purchased a new position in Energizer in the 1st quarter worth approximately $37,000. KBC Group NV purchased a new position in shares of Energizer in the 4th quarter worth $25,000. Jones Financial Companies Lllp bought a new stake in shares of Energizer in the third quarter worth $32,000. Signaturefd LLC lifted its holdings in Energizer by 35.3% in the third quarter. Signaturefd LLC now owns 1,384 shares of the company's stock valued at $44,000 after acquiring an additional 361 shares during the period. Finally, Belpointe Asset Management LLC lifted its holdings in Energizer by 42.4% in the first quarter. Belpointe Asset Management LLC now owns 1,836 shares of the company's stock valued at $64,000 after acquiring an additional 547 shares during the period. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

Energizer Stock Up 1.6 %

Energizer stock traded up $0.44 during trading hours on Friday, hitting $28.41. 552,996 shares of the stock traded hands, compared to its average volume of 503,207. The firm's 50-day moving average price is $28.68 and its two-hundred day moving average price is $30.66. The company has a current ratio of 2.03, a quick ratio of 1.15 and a debt-to-equity ratio of 19.36. The company has a market cap of $2.04 billion, a PE ratio of 22.02 and a beta of 1.06. Energizer has a one year low of $26.92 and a one year high of $37.32.

Energizer (NYSE:ENR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.02. Energizer had a return on equity of 123.29% and a net margin of 3.21%. The business had revenue of $716.60 million for the quarter, compared to analysts' expectations of $710.73 million. During the same period in the previous year, the firm posted $0.72 EPS. The business's revenue was down 6.3% on a year-over-year basis. On average, research analysts forecast that Energizer will post 3.21 EPS for the current year.

Energizer Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Wednesday, February 21st were issued a $0.30 dividend. The ex-dividend date was Tuesday, February 20th. This represents a $1.20 dividend on an annualized basis and a yield of 4.22%. Energizer's payout ratio is currently 93.02%.

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.