Energizer (NYSE:ENR) Updates Q2 Earnings Guidance

Energizer (NYSE:ENR) updated its second quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.60 to $0.70 for the period, compared to the consensus EPS estimate of $0.76. The company issued revenue guidance of flat to +1% yr/yr or $663 million to $669.6, compared to the consensus revenue estimate of $669.66 million. Energizer also updated its FY 2025 guidance to 3.450-3.650 EPS.

Wall Street Analysts Forecast Growth

ENR has been the topic of several recent research reports. Morgan Stanley lifted their target price on shares of Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. StockNews.com upgraded Energizer from a “hold” rating to a “buy” rating in a research note on Monday. Barclays lowered Energizer from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $34.00 to $36.00 in a research note on Wednesday, November 20th. UBS Group reduced their price target on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Truist Financial increased their price objective on shares of Energizer from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Energizer has an average rating of “Hold” and a consensus target price of $38.38.

Energizer Stock Down 2.1 %

ENR traded down $0.68 during trading on Wednesday, hitting $32.14. The company had a trading volume of 110,637 shares, compared to its average volume of 543,530. Energizer has a 1-year low of $26.92 and a 1-year high of $39.51. The company has a debt-to-equity ratio of 23.51, a current ratio of 1.80 and a quick ratio of 1.00. The company has a market cap of $2.32 billion, a PE ratio of 61.87 and a beta of 1.06. The business has a 50-day moving average of $35.71 and a 200-day moving average of $33.07.

Energizer (NYSE:ENR) last issued its earnings results on Tuesday, February 4th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.64 by $0.03. Energizer had a return on equity of 155.40% and a net margin of 1.32%. The company had revenue of $731.70 million during the quarter, compared to analyst estimates of $726.23 million. During the same quarter last year, the firm earned $0.59 EPS. The business’s revenue was up 2.1% on a year-over-year basis. As a group, analysts forecast that Energizer will post 3.58 earnings per share for the current year.

Energizer Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend is Thursday, February 20th. Energizer’s dividend payout ratio (DPR) is presently 230.77%.

Insiders Place Their Bets

In related news, VP Sara B. Hampton sold 2,812 shares of Energizer stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $38.49, for a total value of $108,233.88. Following the sale, the vice president now directly owns 4,635 shares in the company, valued at $178,401.15. This trade represents a 37.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Robin Vauth sold 1,978 shares of Energizer stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $35.97, for a total value of $71,148.66. Following the sale, the executive vice president now directly owns 5,758 shares in the company, valued at approximately $207,115.26. This trade represents a 25.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,860 shares of company stock valued at $334,694 over the last quarter. Insiders own 0.98% of the company’s stock.

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.