Energizer (NYSE:ENR) Trading Down 6.5% - What's Next?

Key Points

• Energizer shares fell 6.5% to about $20.37 in Tuesday trading, with volume significantly below the stock’s average. The decline followed quarterly results in which adjusted EPS of $0.75 missed estimates, despite revenue of $734.1 million topping expectations.
• Analyst sentiment remains cautious: six analysts rate the stock Hold and one rates it Sell, producing a consensus “Reduce” rating and an average price target of $21.83.
• Energizer announced a quarterly dividend of $0.30 per share, equivalent to a 5.8% annualized yield, though its payout ratio is high at 101.69%. Insiders have purchased roughly $7.7 million of company stock over the past three months.

Shares of Energizer Holdings, Inc. (NYSE:ENR - Get Free Report) were down 6.5% on Tuesday . The company traded as low as $20.55 and last traded at $20.37. Approximately 312,615 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 1,168,878 shares. The stock had previously closed at $21.78.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ENR. Barclays lifted their price objective on shares of Energizer from $18.00 to $19.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 21st. JPMorgan Chase & Co. raised their price target 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. UBS Group lifted their price target on Energizer from $21.00 to $23.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Morgan Stanley reissued a "negative" rating and issued a $21.00 price objective on shares of Energizer in a report on Tuesday, August 4th. Finally, Canaccord Genuity Group set a $18.00 target price on Energizer in a research report on Wednesday, August 5th. Six equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Energizer has a consensus rating of "Reduce" and an average price target of $21.83.

Energizer Stock Down 5.1%

The stock's 50-day moving average is $21.49 and its 200-day moving average is $19.87. The stock has a market cap of $1.41 billion, a P/E ratio of 17.51 and a beta of 0.75. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 16.22.

Energizer (NYSE:ENR - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.75 EPS for the quarter, missing analysts' consensus estimates of $0.83 by ($0.08). The company had revenue of $734.10 million for the quarter, compared to the consensus estimate of $720.29 million. Energizer had a return on equity of 122.63% and a net margin of 2.73%.The firm's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.13 earnings per share. 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, research analysts anticipate that Energizer Holdings, Inc. will post 3.31 earnings per share for the current fiscal year.

Energizer Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $1.20 annualized dividend and a yield of 5.8%. Energizer's payout ratio is presently 101.69%.

Insiders Place Their Bets

In other news, major shareholder Aqua Capital, Ltd. bought 60,000 shares of the business's stock in a transaction on Thursday, July 23rd. The stock was purchased at an average cost of $20.25 per share, for a total transaction of $1,215,000.00. Following the completion of the transaction, the insider directly owned 7,940,000 shares of the company's stock, valued at approximately $160,785,000. This trade represents a 0.76% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders purchased 375,686 shares of company stock valued at $7,665,050 in the last three months. Corporate insiders own 1.63% of the company's stock.

Institutional Trading of Energizer

A number of hedge funds and other institutional investors have recently modified their holdings of ENR. AQR Capital Management LLC lifted its holdings in shares of Energizer by 20.0% in the first quarter. AQR Capital Management LLC now owns 108,822 shares of the company's stock valued at $3,220,000 after buying an additional 18,146 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Energizer by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,775 shares of the company's stock worth $1,280,000 after acquiring an additional 1,857 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Energizer by 8.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 177,092 shares of the company's stock worth $5,299,000 after acquiring an additional 13,216 shares in the last quarter. Norges Bank acquired a new stake in Energizer in the 2nd quarter valued at about $387,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Energizer in the 2nd quarter valued at about $586,000. Institutional investors own 93.74% of the company's stock.

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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