Energizer (NYSE:ENR) Updates FY 2022 Earnings Guidance

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

Energizer stock opened at $33.27 on Monday. The firm’s fifty day moving average price is $30.61 and its 200-day moving average price is $35.16. The stock has a market cap of $2.37 billion, a P/E ratio of 13.42 and a beta of 1.03. The company has a debt-to-equity ratio of 7.79, a quick ratio of 0.78 and a current ratio of 2.16. Energizer has a fifty-two week low of $29.01 and a fifty-two week high of $48.15.

Energizer (NYSE:ENRGet Rating) last released its quarterly earnings data on Monday, May 9th. The company reported $0.47 earnings per share for the quarter, beating 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 return on equity of 56.03% and a net margin of 6.06%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the company posted $0.77 earnings per share. Sell-side analysts predict that Energizer will post 3.22 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 17th. Shareholders of record on Wednesday, May 25th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend is Tuesday, May 24th. Energizer’s payout ratio is 48.39%.

Several brokerages have recently issued reports on ENR. The Goldman Sachs Group reduced their price target on shares of Energizer from $46.00 to $37.00 in a report on Tuesday, March 29th. Barclays decreased their target price 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. Citigroup boosted their price objective on shares of Energizer from $32.00 to $36.00 in a report on Tuesday, May 10th. Finally, JPMorgan Chase & Co. cut their price target on shares of Energizer from $38.00 to $34.00 in a report on Thursday, April 14th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $39.29.

A number of institutional investors and hedge funds have recently modified their holdings of ENR. Ancora Advisors LLC purchased a new stake in shares of Energizer during the first quarter valued at $37,000. Neo Ivy Capital Management acquired a new stake in Energizer during the 4th quarter worth approximately $44,000. Penserra Capital Management LLC grew its holdings 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 during the last quarter. LPL Financial LLC acquired a new stake in shares of Energizer in the fourth quarter worth $210,000. Finally, HighTower Advisors LLC increased its holdings in shares of Energizer by 11.6% during the 1st quarter. HighTower Advisors LLC now owns 6,901 shares of the company’s stock worth $211,000 after purchasing an additional 716 shares during the period. Institutional investors and hedge funds own 81.69% of the company’s stock.

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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Earnings History and Estimates for Energizer (NYSE:ENR)

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