Energizer (NYSE:ENR) Releases Q2 2024 Earnings Guidance

Energizer (NYSE:ENRGet Free Report) updated its second quarter 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.650-0.700 for the period, compared to the consensus estimate of 0.710. The company issued revenue guidance of -. Energizer also updated its FY 2024 guidance to 3.100-3.300 EPS.

Energizer Stock Down 2.4 %

Shares of NYSE:ENR opened at $31.07 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 2.12 and a debt-to-equity ratio of 15.81. Energizer has a 52-week low of $27.68 and a 52-week high of $37.52. The company has a 50 day moving average of $31.67 and a two-hundred day moving average of $32.70. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 16.02 and a beta of 1.09.

Energizer (NYSE:ENRGet Free Report) last released its quarterly earnings results on Tuesday, November 14th. The company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.07. Energizer had a net margin of 4.75% and a return on equity of 136.42%. The business had revenue of $811.10 million during the quarter, compared to the consensus estimate of $794.64 million. During the same quarter last year, the company earned $0.82 earnings per share. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. As a group, analysts forecast that Energizer will post 3.19 earnings per share for the current fiscal year.

Energizer Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Stockholders of record on Wednesday, February 21st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date is Tuesday, February 20th. Energizer’s payout ratio is currently 61.86%.

Analyst Upgrades and Downgrades

ENR has been the topic of several research analyst reports. Truist Financial raised their price objective on Energizer from $35.00 to $40.00 and gave the stock a hold rating in a research note on Wednesday, November 15th. Morgan Stanley cut Energizer from an equal weight rating to an underweight rating and set a $33.00 price objective on the stock. in a research note on Wednesday, November 15th. UBS Group cut Energizer from a buy rating to a neutral rating and reduced their price objective for the stock from $36.00 to $34.00 in a research note on Monday, November 20th. JPMorgan Chase & Co. cut Energizer from a neutral rating to an underweight rating and set a $33.00 price objective on the stock. in a research note on Wednesday, November 15th. Finally, StockNews.com upgraded Energizer from a hold rating to a buy rating in a research note on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $35.14.

View Our Latest Stock Analysis on Energizer

Insider Buying and Selling at Energizer

In other news, EVP Robin Vauth sold 2,919 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $31.64, for a total transaction of $92,357.16. Following the transaction, the executive vice president now directly owns 3,780 shares of the company’s stock, valued at $119,599.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.77% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. BlackRock Inc. increased its holdings in shares of Energizer by 2.7% during the second quarter. BlackRock Inc. now owns 7,826,006 shares of the company’s stock valued at $262,797,000 after purchasing an additional 203,193 shares during the period. Vanguard Group Inc. increased its holdings in shares of Energizer by 2.7% during the third quarter. Vanguard Group Inc. now owns 7,547,272 shares of the company’s stock valued at $189,738,000 after purchasing an additional 195,988 shares during the period. State Street Corp increased its holdings in shares of Energizer by 1.5% during the second quarter. State Street Corp now owns 2,388,653 shares of the company’s stock valued at $80,211,000 after purchasing an additional 35,710 shares during the period. Geode Capital Management LLC grew its holdings in Energizer by 5.8% during the second quarter. Geode Capital Management LLC now owns 1,367,159 shares of the company’s stock worth $45,909,000 after acquiring an additional 75,030 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Energizer by 3.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,276,076 shares of the company’s stock worth $44,278,000 after acquiring an additional 46,150 shares during the period. 83.74% of the stock is owned by institutional investors and hedge funds.

Energizer Company Profile

(Get Free Report)

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.

Further Reading

Earnings History and Estimates for Energizer (NYSE:ENR)

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