Energizer Holdings, Inc. (ENR) To Go Ex-Dividend on February 20th

Energizer Holdings, Inc. (NYSE:ENR) announced a quarterly dividend on Friday, January 24th,RTT News reports. Shareholders of record on Thursday, February 20th will be given a dividend of 0.30 per share on Thursday, March 13th. This represents a $1.20 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date of this dividend is Thursday, February 20th.

Energizer has a dividend payout ratio of 31.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Energizer to earn $3.81 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 31.5%.

Energizer Trading Down 1.7 %

Shares of ENR opened at $30.96 on Tuesday. The company has a debt-to-equity ratio of 22.17, a current ratio of 1.80 and a quick ratio of 1.00. Energizer has a 1 year low of $26.92 and a 1 year high of $39.51. The company has a 50 day simple moving average of $34.46 and a two-hundred day simple moving average of $33.12. The firm has a market cap of $2.23 billion, a P/E ratio of 39.19 and a beta of 1.06.

Energizer (NYSE:ENR) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. Energizer had a net margin of 2.02% and a return on equity of 168.16%. The business had revenue of $731.70 million during the quarter, compared to analyst estimates of $726.23 million. During the same period last year, the firm posted $0.59 EPS. The company’s revenue was up 2.1% on a year-over-year basis. On average, equities analysts expect that Energizer will post 3.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Truist Financial raised their target price on shares of Energizer from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Barclays lowered shares of Energizer from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $34.00 to $36.00 in a report on Wednesday, November 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $38.00 price objective on shares of Energizer in a research note on Thursday, January 30th. UBS Group dropped their price objective on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, StockNews.com lowered shares of Energizer from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $38.38.

Insider Transactions at Energizer

In other news, VP Sara B. Hampton sold 2,812 shares of Energizer stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $38.49, for a total transaction of $108,233.88. Following the completion of the sale, the vice president now directly owns 4,635 shares in the company, valued at approximately $178,401.15. This trade represents a 37.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robin Vauth sold 4,070 shares of Energizer stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $38.16, for a total value of $155,311.20. Following the sale, the executive vice president now owns 9,827 shares of the company’s stock, valued at approximately $374,998.32. This trade represents a 29.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.