Energizer (NYSE:ENR) Shares Gap Up After Earnings Beat

Energizer Holdings, Inc. (NYSE:ENR) shares gapped up prior to trading on Monday following a better than expected earnings announcement. The stock had previously closed at $22.14, but opened at $27.33. Energizer shares last traded at $27.95, with a volume of 589,110 shares trading hands.

The company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.52. The business had revenue of $725.30 million during the quarter, compared to the consensus estimate of $692.67 million. Energizer had a net margin of 1.87% and a return on equity of 184.22%. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.79 earnings per share.

Energizer Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Thursday, August 21st will be given a $0.30 dividend. The ex-dividend date is Thursday, August 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.3%. Energizer’s dividend payout ratio is 164.38%.

Analyst Ratings Changes

ENR has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Energizer from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. Truist Financial reduced their price target on shares of Energizer from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. Barclays reduced their price target on shares of Energizer from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 15th. UBS Group reduced their price target on shares of Energizer from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, July 17th. Finally, Canaccord Genuity Group reduced their price target on shares of Energizer from $31.00 to $27.00 and set a “hold” rating for the company in a research report on Wednesday, May 7th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $30.75.

Insider Buying and Selling at Energizer

In other Energizer news, Director Donal L. Mulligan acquired 10,000 shares of the business’s stock in a transaction on Monday, May 19th. The stock was bought at an average price of $23.66 per share, for a total transaction of $236,600.00. Following the acquisition, the director owned 10,000 shares in the company, valued at approximately $236,600. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Patrick J. Moore acquired 10,000 shares of the business’s stock in a transaction on Monday, May 12th. The stock was acquired at an average price of $23.10 per share, with a total value of $231,000.00. Following the acquisition, the director owned 15,000 shares in the company, valued at $346,500. The trade was a 200.00% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 25,000 shares of company stock worth $578,140. Insiders own 0.98% of the company’s stock.

Institutional Trading of Energizer

A number of hedge funds have recently bought and sold shares of the business. Hantz Financial Services Inc. raised its holdings in Energizer by 967.1% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,782 shares of the company’s stock valued at $36,000 after acquiring an additional 1,615 shares during the last quarter. Y Intercept Hong Kong Ltd grew its stake in shares of Energizer by 119.2% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 43,917 shares of the company’s stock valued at $885,000 after buying an additional 23,882 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Energizer by 152.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 21,196 shares of the company’s stock valued at $427,000 after buying an additional 12,794 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Energizer in the 2nd quarter valued at approximately $406,000. Finally, CWM LLC grew its stake in shares of Energizer by 37.7% in the 2nd quarter. CWM LLC now owns 3,889 shares of the company’s stock valued at $78,000 after buying an additional 1,065 shares during the period. Institutional investors and hedge funds own 93.74% of the company’s stock.

Energizer Stock Performance

The company has a debt-to-equity ratio of 23.56, a quick ratio of 0.86 and a current ratio of 1.86. The firm has a market cap of $2.02 billion, a PE ratio of 38.37 and a beta of 0.63. The firm’s 50 day moving average price is $22.08 and its two-hundred day moving average price is $26.46.

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.