Energizer (NYSE:ENR) Updates Q3 Earnings Guidance

Energizer (NYSE:ENR) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.62-0.68 for the period, compared to the consensus estimate of $0.72. Energizer also updated its FY24 guidance to $3.10-3.30 EPS.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ENR shares. StockNews.com lowered shares of Energizer from a buy rating to a hold rating in a research report on Wednesday, February 7th. Barclays reduced their price target on Energizer from $36.00 to $32.00 and set an overweight rating on the stock in a research report on Friday, April 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $35.00.

Energizer Stock Up 0.9 %

NYSE ENR opened at $29.45 on Tuesday. Energizer has a 1 year low of $26.92 and a 1 year high of $37.32. The stock has a market capitalization of $2.11 billion, a PE ratio of 22.82 and a beta of 1.04. The company has a debt-to-equity ratio of 19.36, a current ratio of 2.03 and a quick ratio of 1.15. The business’s 50-day moving average is $28.41 and its 200 day moving average is $30.53.

Energizer (NYSE:ENR) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The firm had revenue of $716.60 million for the quarter, compared to analyst estimates of $710.73 million. Energizer had a return on equity of 123.29% and a net margin of 3.21%. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period last year, the company earned $0.72 EPS. Sell-side analysts forecast that Energizer will post 3.21 earnings per share for the current year.

Energizer Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 22nd will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date is Tuesday, May 21st. Energizer’s payout ratio is 93.02%.

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.