Energizer (NYSE:ENR) Stock Crosses Above 50 Day Moving Average - Here's Why

Key Points

• Energizer shares rose above their 50-day moving average of $21.60, reaching $22.36 before trading near $21.71. The stock’s 200-day moving average is $20.28.
• Analyst sentiment remains cautious: six analysts rate the stock Hold and one rates it Sell, producing a consensus “Reduce” rating and a $21.67 price target.
• Energizer reported quarterly EPS of $0.75, below the $0.83 estimate, while revenue of $734.1 million exceeded expectations. The company also pays a $0.30 quarterly dividend, equating to a 5.5% yield, though its payout ratio is above 100%.

Energizer Holdings, Inc. (NYSE:ENR - Get Free Report)'s share price passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $21.60 and traded as high as $22.36. Energizer shares last traded at $21.7090, with a volume of 680,583 shares trading hands.

Analyst Ratings Changes

Several analysts recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Energizer from $19.00 to $22.00 and gave the company a "neutral" rating in a research note on Thursday, July 16th. Morgan Stanley restated a "negative" rating and set a $21.00 target price on shares of Energizer in a research report on Tuesday, August 4th. Weiss Ratings cut shares of Energizer from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, October 8th. Canaccord Genuity Group set a $18.00 price target on shares of Energizer in a research report on Wednesday, August 5th. Finally, UBS Group set a $22.00 price target on shares of Energizer in a research report on Thursday. Six equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus price target of $21.67.

Energizer Price Performance

The company has a debt-to-equity ratio of 16.22, a quick ratio of 1.10 and a current ratio of 2.07. The stock has a market capitalization of $1.49 billion, a PE ratio of 18.40 and a beta of 0.79. The company's fifty day simple moving average is $21.60 and its two-hundred day simple moving average is $20.28.

Energizer (NYSE:ENR - Get Free Report) last announced 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 business had revenue of $734.10 million during the quarter, compared to analysts' expectations of $720.29 million. Energizer had a net margin of 2.73% and a return on equity of 122.63%. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. 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. As a group, sell-side analysts predict that Energizer Holdings, Inc. will post 3.31 EPS for the current year.

Energizer Announces Dividend

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

Insider Transactions at Energizer

In related news, major shareholder Aqua Capital, Ltd. bought 60,000 shares of the stock in a transaction on Thursday, July 23rd. The shares were purchased at an average price of $20.25 per share, for a total transaction of $1,215,000.00. Following the acquisition, the insider owned 7,940,000 shares in the company, valued at $160,785,000. This represents a 0.76% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.63% of the company's stock.

Hedge Funds Weigh In On Energizer

A number of institutional investors have recently made changes to their positions in ENR. Fortitude Family Office LLC purchased a new stake in shares of Energizer in the third quarter valued at $46,000. GAMMA Investing LLC increased its position in Energizer by 37.5% during the 3rd quarter. GAMMA Investing LLC now owns 3,984 shares of the company's stock worth $85,000 after purchasing an additional 1,086 shares in the last quarter. Farther Finance Advisors LLC increased its position in Energizer by 335.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,812 shares of the company's stock worth $82,000 after purchasing an additional 2,937 shares in the last quarter. MAC Alpha Capital Management LP raised its stake in Energizer by 17.8% in the 2nd quarter. MAC Alpha Capital Management LP now owns 644,967 shares of the company's stock valued at $13,829,000 after purchasing an additional 97,259 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in Energizer in the 2nd quarter valued at about $365,000. 93.74% of the stock is owned by institutional investors and hedge funds.

About Energizer

Energizer Holdings, Inc is a consumer products company that manufactures and markets batteries and automotive care products. Its battery portfolio includes alkaline, specialty and rechargeable batteries sold under brands such as Energizer, Eveready, Rayovac and Varta in select markets. The company's products are used in household devices, electronics, toys, lighting equipment and other portable applications.

Energizer also offers automotive appearance, performance and maintenance products.

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