Energizer (NYSE:ENR) Issues Q3 2024 Earnings Guidance

Energizer (NYSE:ENR) issued an update on its third quarter 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.620-0.680 for the period, compared to the consensus EPS estimate of 0.720. The company issued revenue guidance of -. Energizer also updated its FY 2024 guidance to 3.100-3.300 EPS.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ENR. StockNews.com cut Energizer from a buy rating to a hold rating in a research report on Wednesday, February 7th. Morgan Stanley raised shares of Energizer from an underweight rating to an equal weight rating and set a $33.00 price objective on the stock in a research note on Wednesday. UBS Group raised their target price on shares of Energizer from $30.00 to $31.00 and gave the stock a neutral rating in a research note on Wednesday. Barclays lowered their target price on shares of Energizer from $36.00 to $32.00 and set an overweight rating on the stock in a report on Friday, April 12th. Finally, Truist Financial dropped their target price on Energizer from $35.00 to $30.00 and set a hold rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Energizer presently has a consensus rating of Hold and an average price target of $32.83.

Energizer Price Performance

Shares of NYSE:ENR traded up $0.05 during trading on Wednesday, hitting $29.02. 37,429 shares of the stock were exchanged, compared to its average volume of 497,443. The company has a market cap of $2.08 billion, a PE ratio of 22.79 and a beta of 1.04. 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 company has a fifty day moving average price of $28.41 and a two-hundred day moving average price of $30.51. Energizer has a 12-month low of $26.92 and a 12-month high of $37.32.

Energizer (NYSE:ENR) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.05. The firm had revenue of $663.30 million during the quarter, compared to analysts’ expectations of $664.10 million. Energizer had a return on equity of 123.29% and a net margin of 3.21%. Energizer’s revenue was down 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.64 earnings per share. On average, analysts forecast that Energizer will post 3.21 EPS for the current year.

Energizer Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 22nd will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $1.20 dividend on an annualized basis and a yield of 4.14%. Energizer’s payout ratio is 93.02%.

About Energizer

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.