Energizer (NYSE:ENR – Get Rating) issued its quarterly earnings results on Monday. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.09, RTT News reports. Energizer had a return on equity of 67.03% and a net margin of 5.09%. The company had revenue of $685.40 million for the quarter, compared to analyst estimates of $655.38 million. During the same quarter last year, the company posted $0.77 EPS. The company’s revenue for the quarter was up .0% compared to the same quarter last year.
NYSE ENR opened at $29.98 on Monday. The company has a 50-day simple moving average of $30.58 and a two-hundred day simple moving average of $35.32. The company has a quick ratio of 0.78, a current ratio of 1.53 and a debt-to-equity ratio of 8.11. Energizer has a 12-month low of $29.01 and a 12-month high of $51.20. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 14.99 and a beta of 1.03.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 17th. Investors of record on Wednesday, May 25th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, May 24th. This represents a $1.20 dividend on an annualized basis and a yield of 4.00%. Energizer’s dividend payout ratio is presently 60.00%.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Penserra Capital Management LLC increased its stake in shares of Energizer by 186.8% during the fourth quarter. Penserra Capital Management LLC now owns 1,503 shares of the company’s stock valued at $60,000 after purchasing an additional 979 shares in the last quarter. Neo Ivy Capital Management purchased a new position in shares of Energizer during the 4th quarter valued at $44,000. Advisor Group Holdings Inc. lifted its stake in shares of Energizer by 15.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 11,576 shares of the company’s stock valued at $405,000 after buying an additional 1,556 shares in the last quarter. California State Teachers Retirement System lifted its stake in shares of Energizer by 2.1% during the 4th quarter. California State Teachers Retirement System now owns 89,113 shares of the company’s stock valued at $3,573,000 after buying an additional 1,808 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Energizer by 2.1% during the 4th quarter. Legal & General Group Plc now owns 95,790 shares of the company’s stock valued at $3,841,000 after buying an additional 1,932 shares in the last quarter. Institutional investors and hedge funds own 81.69% of the company’s stock.
Several research firms recently weighed in on ENR. Morgan Stanley cut their price objective on Energizer from $42.00 to $39.00 and set an “overweight” rating on the stock in a report on Wednesday, April 13th. The Goldman Sachs Group lowered their price objective on Energizer from $46.00 to $37.00 in a research report on Tuesday, March 29th. TheStreet lowered Energizer from a “b” rating to a “c” rating in a research report on Monday, February 28th. Barclays decreased their price objective on Energizer from $55.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, February 9th. Finally, Citigroup cut their target price on Energizer from $38.00 to $32.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 16th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $38.71.
Energizer Company Profile (Get Rating)
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 and Eveready brands, as well as primary, rechargeable, specialty, and hearing aid batteries.
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