Energizer (ENR) Set to Announce Quarterly Earnings on Tuesday

Energizer (NYSE:ENR) will announce its earnings results before the market opens on Tuesday, August 6th. Analysts expect the company to announce earnings of $0.66 per share for the quarter. Energizer has set its Q3 guidance at $0.62-0.68 EPS and its FY24 guidance at $3.10-3.30 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Energizer (NYSE:ENR) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. The business had revenue of $663.30 million during the quarter, compared to the consensus estimate of $664.10 million. Energizer had a return on equity of 119.16% and a net margin of 2.97%. Energizer’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.64 earnings per share. On average, analysts expect Energizer to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Energizer Stock Performance

NYSE ENR opened at $30.67 on Monday. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 25.77 and a beta of 1.05. Energizer has a twelve month low of $26.92 and a twelve month high of $37.32. The stock has a fifty day simple moving average of $29.48 and a 200 day simple moving average of $29.50. The company has a quick ratio of 1.04, a current ratio of 2.03 and a debt-to-equity ratio of 16.86.

Energizer Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 22nd will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $1.20 dividend on an annualized basis and a yield of 3.91%. Energizer’s payout ratio is currently 100.84%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ENR shares. UBS Group raised their target price on Energizer from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th. Canaccord Genuity Group dropped their target price on shares of Energizer from $33.00 to $32.00 and set a “hold” rating on the stock in a research report on Wednesday, May 8th. Barclays lifted their target price on shares of Energizer from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Morgan Stanley upgraded shares of Energizer from an “underweight” rating to an “equal weight” rating and set a $33.00 price objective for the company in a research note on Wednesday, May 8th. Finally, Truist Financial dropped their price objective on shares of Energizer from $35.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Energizer presently has a consensus rating of “Hold” and a consensus price target of $32.00.

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.