Energizer Holdings, Inc. (NYSE:ENR) Given Average Rating of “Reduce” by Brokerages

Energizer Holdings, Inc. (NYSE:ENR) has been given an average recommendation of “Reduce” by the six analysts that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $35.00.

ENR has been the topic of several recent research reports. StockNews.com lowered shares of Energizer from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. Barclays lowered their price objective on shares of Energizer from $36.00 to $32.00 and set an “overweight” rating for the company in a research report on Friday, April 12th.

Energizer Trading Up 1.7 %

Shares of Energizer stock opened at $27.97 on Friday. Energizer has a 12-month low of $26.92 and a 12-month high of $37.32. The company has a current ratio of 2.03, a quick ratio of 1.15 and a debt-to-equity ratio of 19.36. The stock has a market cap of $2.01 billion, a PE ratio of 21.68 and a beta of 1.06. The company has a 50-day moving average of $28.74 and a two-hundred day moving average of $30.68.

Energizer (NYSE:ENR) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The business had revenue of $716.60 million during the quarter, compared to analysts’ expectations of $710.73 million. Energizer had a net margin of 3.21% and a return on equity of 123.29%. The company’s revenue was down 6.3% on a year-over-year basis. During the same period last year, the company posted $0.72 EPS. On average, research analysts anticipate that Energizer will post 3.21 EPS for the current fiscal year.

Energizer Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Wednesday, February 21st were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $1.20 annualized dividend and a yield of 4.29%. Energizer’s dividend payout ratio is presently 93.02%.

Institutional Trading of Energizer

Several large investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC boosted its holdings in Energizer by 14,545.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 50,672 shares of the company’s stock valued at $1,492,000 after purchasing an additional 50,326 shares during the period. Capital Insight Partners LLC increased its stake in shares of Energizer by 41.9% in the 1st quarter. Capital Insight Partners LLC now owns 12,954 shares of the company’s stock valued at $381,000 after buying an additional 3,828 shares during the period. Quadrature Capital Ltd bought a new position in shares of Energizer in the 4th quarter worth $476,000. Vanguard Group Inc. boosted its position in shares of Energizer by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 9,378,622 shares of the company’s stock worth $297,115,000 after purchasing an additional 79,940 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Energizer by 16.1% during the fourth quarter. Wellington Management Group LLP now owns 211,615 shares of the company’s stock worth $6,704,000 after acquiring an additional 29,383 shares in the last quarter. 93.74% of the stock is owned by institutional investors.

Energizer Company Profile

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.