Energizer Holdings, Inc. (NYSE:ENR) Receives Consensus Recommendation of “Hold” from Analysts

Energizer Holdings, Inc. (NYSE:ENR) has earned a consensus recommendation of “Hold” from the eight brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $35.00.

ENR has been the subject of several research analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $38.00 price target on shares of Energizer in a report on Wednesday, August 7th. JPMorgan Chase & Co. increased their target price on Energizer from $29.00 to $32.00 and gave the company an “underweight” rating in a research report on Friday, October 11th. Truist Financial upgraded Energizer from a “hold” rating to a “buy” rating and boosted their price target for the stock from $30.00 to $40.00 in a report on Tuesday, August 27th. Barclays raised their price objective on shares of Energizer from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Finally, Evercore ISI reduced their target price on shares of Energizer from $42.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th.

Energizer Price Performance

Shares of ENR stock opened at $32.61 on Tuesday. Energizer has a twelve month low of $26.92 and a twelve month high of $36.72. The company has a quick ratio of 1.01, a current ratio of 1.99 and a debt-to-equity ratio of 26.04. The business has a fifty day simple moving average of $31.23 and a 200 day simple moving average of $30.08. The company has a market cap of $2.34 billion, a P/E ratio of 232.95 and a beta of 1.04.

Energizer (NYSE:ENR) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.12. The company had revenue of $701.40 million for the quarter, compared to the consensus estimate of $704.86 million. Energizer had a net margin of 0.35% and a return on equity of 137.24%. The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same period last year, the company posted $0.54 EPS. On average, sell-side analysts forecast that Energizer will post 3.27 EPS for the current fiscal year.

Energizer Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.68%. Energizer’s payout ratio is 857.20%.

Institutional Investors Weigh In On Energizer

A number of institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. grew its stake in Energizer by 192.5% during the second quarter. Victory Capital Management Inc. now owns 372,697 shares of the company’s stock worth $11,009,000 after purchasing an additional 245,285 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Energizer by 38.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 872,606 shares of the company’s stock worth $25,778,000 after buying an additional 240,402 shares during the period. M&G Plc bought a new stake in shares of Energizer in the 1st quarter valued at $5,174,000. Allspring Global Investments Holdings LLC lifted its position in shares of Energizer by 155.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 129,567 shares of the company’s stock valued at $3,827,000 after acquiring an additional 78,895 shares during the period. Finally, Gamco Investors INC. ET AL boosted its stake in Energizer by 5.8% during the first quarter. Gamco Investors INC. ET AL now owns 1,309,920 shares of the company’s stock worth $38,564,000 after acquiring an additional 71,595 shares in the last quarter. 93.74% of the stock is owned by institutional investors.

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.