Energizer (NYSE:ENR) Issues FY 2022 Earnings Guidance

Energizer (NYSE:ENRGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided EPS guidance of $3.00-$3.30 for the period, compared to the consensus EPS estimate of $3.17. The company issued revenue guidance of -.

A number of analysts have recently commented on the company. JPMorgan Chase & Co. cut their price target on Energizer from $38.00 to $34.00 in a report on Thursday, April 14th. The Goldman Sachs Group dropped their price objective on Energizer from $46.00 to $37.00 in a research note on Tuesday, March 29th. Barclays decreased their price target on Energizer from $55.00 to $45.00 and set an overweight rating on the stock in a research report on Wednesday, February 9th. TheStreet cut Energizer from a b rating to a c rating in a research report on Monday, February 28th. Finally, StockNews.com initiated coverage on shares of Energizer in a report on Thursday, March 31st. They set a hold rating on the stock. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Energizer presently has an average rating of Hold and a consensus price target of $38.71.

Shares of ENR traded up $3.02 during trading hours on Monday, reaching $33.00. 23,705 shares of the stock traded hands, compared to its average volume of 688,421. The company has a current ratio of 1.53, a quick ratio of 0.78 and a debt-to-equity ratio of 8.11. The stock has a fifty day simple moving average of $30.58 and a 200 day simple moving average of $35.32. Energizer has a 52 week low of $29.01 and a 52 week high of $51.20. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 16.52 and a beta of 1.03.

Energizer (NYSE:ENRGet Rating) last posted its earnings results on Monday, May 9th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.09. The firm had revenue of $685.40 million during the quarter, compared to the consensus estimate of $655.38 million. Energizer had a net margin of 5.09% and a return on equity of 67.03%. The company’s revenue was up .0% on a year-over-year basis. During the same quarter last year, the company earned $0.77 earnings per share. Analysts predict that Energizer will post 3.21 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 17th. Stockholders of record on Wednesday, May 25th will be given a $0.30 dividend. The ex-dividend date is Tuesday, May 24th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.64%. Energizer’s dividend payout ratio (DPR) is currently 60.00%.

In other news, Director Robert V. Vitale acquired 1,500 shares of the business’s stock in a transaction dated Monday, February 14th. The stock was bought at an average cost of $33.49 per share, for a total transaction of $50,235.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.71% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its position in shares of Energizer by 213.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 785,342 shares of the company’s stock valued at $31,492,000 after acquiring an additional 535,110 shares during the period. Norges Bank bought a new stake in Energizer during the fourth quarter valued at approximately $13,557,000. Morgan Stanley lifted its position in Energizer by 54.0% during the second quarter. Morgan Stanley now owns 261,063 shares of the company’s stock valued at $11,221,000 after purchasing an additional 91,559 shares during the last quarter. Stifel Financial Corp lifted its position in Energizer by 20.5% during the fourth quarter. Stifel Financial Corp now owns 151,121 shares of the company’s stock valued at $6,060,000 after purchasing an additional 25,715 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in Energizer by 2.1% during the fourth quarter. Legal & General Group Plc now owns 95,790 shares of the company’s stock valued at $3,841,000 after purchasing an additional 1,932 shares during the last quarter. Institutional investors own 81.69% of the company’s stock.

About Energizer (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.

Featured Stories

Earnings History and Estimates for Energizer (NYSE:ENR)

Receive News & Ratings for Energizer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energizer and related companies with MarketBeat.com's FREE daily email newsletter.