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

Shares of Energizer Holdings, Inc. (NYSE:ENR) have received an average rating of “Hold” from the seven brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $32.57.

ENR has been the subject of several recent research reports. UBS Group boosted their target price on shares of Energizer from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th. Truist Financial dropped their price objective on shares of Energizer from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Wednesday, May 8th. Canaccord Genuity Group decreased their target price on Energizer from $33.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday, May 8th. Morgan Stanley upgraded Energizer from an “underweight” rating to an “equal weight” rating and set a $33.00 price target on the stock in a research report on Wednesday, May 8th. Finally, Barclays reduced their price objective on Energizer from $32.00 to $31.00 and set an “overweight” rating for the company in a research report on Thursday, May 9th.

Energizer Stock Up 0.7 %

Shares of NYSE:ENR opened at $29.58 on Wednesday. The firm has a market cap of $2.12 billion, a PE ratio of 24.86 and a beta of 1.05. The company has a fifty day simple moving average of $29.16 and a 200 day simple moving average of $29.74. The company has a current ratio of 2.03, a quick ratio of 1.04 and a debt-to-equity ratio of 16.86. Energizer has a 12-month low of $26.92 and a 12-month high of $37.32.

Energizer (NYSE:ENR) last issued its earnings results on Tuesday, May 7th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. The business had revenue of $663.30 million for the quarter, compared to analyst estimates of $664.10 million. Energizer had a net margin of 2.97% and a return on equity of 119.16%. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.64 EPS. On average, equities research analysts anticipate that Energizer will post 3.22 EPS for the current fiscal year.

Energizer Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 22nd were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.06%. The ex-dividend date was Tuesday, May 21st. Energizer’s payout ratio is currently 100.84%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ENR. EMC Capital Management raised its holdings in Energizer by 18.3% during the first quarter. EMC Capital Management now owns 8,529 shares of the company’s stock worth $251,000 after purchasing an additional 1,317 shares in the last quarter. Comerica Bank raised its stake in shares of Energizer by 16.0% in the 1st quarter. Comerica Bank now owns 60,595 shares of the company’s stock worth $1,784,000 after buying an additional 8,366 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of Energizer by 220.3% in the first quarter. Tidal Investments LLC now owns 29,903 shares of the company’s stock valued at $880,000 after buying an additional 20,567 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Energizer by 5.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 47,068 shares of the company’s stock valued at $1,386,000 after buying an additional 2,536 shares during the period. Finally, Gamco Investors INC. ET AL grew its holdings 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 during the period. Institutional investors own 93.74% of the company’s stock.

Energizer Company Profile

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.