Energizer (NYSE:ENR) Issues Quarterly Earnings Results

Energizer (NYSE:ENR) released its quarterly earnings data on Tuesday. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.64 by $0.03, Zacks reports. The firm had revenue of $731.70 million for the quarter, compared to the consensus estimate of $726.23 million. Energizer had a return on equity of 155.40% and a net margin of 1.32%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.59 earnings per share.

Energizer Trading Down 1.6 %

ENR opened at $32.31 on Thursday. The stock has a market cap of $2.33 billion, a PE ratio of 62.13 and a beta of 1.06. The business has a 50 day moving average of $35.60 and a 200-day moving average of $33.06. Energizer has a 52 week low of $26.92 and a 52 week high of $39.51. The company has a quick ratio of 1.00, a current ratio of 1.80 and a debt-to-equity ratio of 23.51.

Energizer Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend is Thursday, February 20th. Energizer’s dividend payout ratio is currently 230.77%.

Insiders Place Their Bets

In other news, EVP Robin Vauth sold 4,070 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $38.16, for a total value of $155,311.20. Following the completion of the transaction, the executive vice president now owns 9,827 shares in the company, valued at $374,998.32. The trade was a 29.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Sara B. Hampton sold 2,812 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $38.49, for a total transaction of $108,233.88. Following the sale, the vice president now directly owns 4,635 shares of the company’s stock, valued at $178,401.15. The trade was a 37.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,860 shares of company stock worth $334,694. 0.98% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ENR has been the topic of a number of analyst reports. Morgan Stanley lifted their price target on Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. decreased their target price on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. UBS Group dropped their price target on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $38.00 price objective on shares of Energizer in a research note on Thursday, January 30th. Finally, Barclays cut Energizer from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $34.00 to $36.00 in a research note on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $38.38.

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.