Energizer (ENR) Set to Announce Quarterly Earnings on Tuesday

Energizer (NYSE:ENR) will announce its earnings results before the market opens on Tuesday, November 19th. Analysts expect the company to announce earnings of $1.17 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Energizer Price Performance

ENR opened at $33.92 on Friday. The stock has a market capitalization of $2.44 billion, a P/E ratio of 242.30 and a beta of 1.04. The company has a current ratio of 1.99, a quick ratio of 1.01 and a debt-to-equity ratio of 26.04. Energizer has a 12-month low of $26.92 and a 12-month high of $34.29. The stock has a 50-day moving average price of $31.55 and a 200-day moving average price of $30.41.

Energizer Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date is Wednesday, November 27th. Energizer’s payout ratio is currently 857.20%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ENR. Barclays upped their price objective on shares of Energizer from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Truist Financial upgraded shares of Energizer from a “hold” rating to a “buy” rating and upped their price target for the company from $30.00 to $40.00 in a research report on Tuesday, August 27th. JPMorgan Chase & Co. lifted their price objective on Energizer from $29.00 to $32.00 and gave the stock an “underweight” rating in a report on Friday, October 11th. StockNews.com cut Energizer from a “buy” rating to a “hold” rating in a report on Monday, October 14th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $38.00 price target on shares of Energizer in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $35.00.

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.