Energizer (NYSE:ENR) Posts Earnings Results, Beats Estimates By $0.03 EPS

Energizer (NYSE:ENR) posted its earnings results on Tuesday. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.03, Zacks reports. The firm had revenue of $731.70 million during the quarter, compared to analysts’ expectations of $726.23 million. Energizer had a net margin of 1.32% and a return on equity of 155.40%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.59 earnings per share.

Energizer Stock Performance

Shares of ENR stock opened at $32.85 on Wednesday. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 63.17 and a beta of 1.06. 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. The firm has a 50 day moving average of $35.71 and a 200-day moving average of $33.07.

Energizer Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend is Thursday, February 20th. Energizer’s dividend payout ratio (DPR) is 230.77%.

Insider Transactions at Energizer

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ENR shares. StockNews.com raised shares of Energizer from a “hold” rating to a “buy” rating in a report on Monday. Canaccord Genuity Group raised their price objective on shares of Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $38.00 price objective on shares of Energizer in a report on Thursday, January 30th. Truist Financial raised their price objective on shares of Energizer from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Morgan Stanley raised their price objective 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. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target 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.