Energizer (NYSE:ENR) Shares Gap Down Following Weak Earnings

Energizer Holdings, Inc. (NYSE:ENR) shares gapped down before the market opened on Tuesday following a dissappointing earnings announcement. The stock had previously closed at $21.12, but opened at $20.00. Energizer shares last traded at $20.8750, with a volume of 679,083 shares trading hands.

The company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.08). Energizer had a net margin of 6.55% and a return on equity of 144.22%. The company had revenue of $734.10 million during the quarter, compared to analyst estimates of $720.29 million. During the same quarter in the prior year, the company posted $2.13 EPS. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. Energizer has set its Q4 2026 guidance at 1.250-1.350 EPS and its FY 2026 guidance at 3.600-3.600 EPS.

Energizer Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.8%. The ex-dividend date is Wednesday, August 19th. Energizer’s payout ratio is currently 43.96%.

Trending Headlines about Energizer

Here are the key news stories impacting Energizer this week:

• Positive Sentiment: Fiscal third-quarter net sales rose 1.2% year over year to $734.1 million, exceeding analysts’ $720.3 million estimate. Organic sales increased 2.7%, indicating some underlying demand resilience. Energizer Holdings Fiscal 2026 Third Quarter Results
• Positive Sentiment: Full-year adjusted EPS guidance of $3.60 is above the $3.51 consensus estimate, which could limit the downside if Energizer achieves the target.
• Neutral Sentiment: Gross margin was 38.2%, or 39.2% on an adjusted basis. The company also reported a 6.55% net margin and a very high 144.22% return on equity, though these figures did not offset investor concerns about earnings momentum.
• Negative Sentiment: Fiscal third-quarter adjusted EPS was $0.75, below estimates ranging from $0.83 to $0.86 and down sharply from $1.13 a year earlier. Reported GAAP EPS was $0.58. Energizer Holdings Q3 Earnings and Revenues Miss Estimates
• Negative Sentiment: Fourth-quarter EPS guidance of $1.25-$1.35 is below the $1.42 analyst consensus, signaling that near-term profitability may remain under pressure.
• Negative Sentiment: Energizer updated its fiscal-year outlook for adjusted EPS and adjusted EBITDA to the low end of its original ranges. The combination of lower profit, muted sales growth and cautious guidance is the primary reason investors reacted negatively.

Analyst Ratings Changes

Several brokerages recently issued reports on ENR. Canaccord Genuity Group cut their price objective on Energizer from $20.00 to $19.00 and set a “hold” rating for the company in a report on Wednesday, May 6th. Morgan Stanley restated a “negative” rating on shares of Energizer in a research note on Tuesday. JPMorgan Chase & Co. upped their target price on Energizer from $19.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. UBS Group raised their price target on Energizer from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Energizer in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.00.

Insider Buying and Selling at Energizer

In other Energizer news, major shareholder Aqua Capital, Ltd. acquired 81,609 shares of Energizer stock in a transaction that occurred on Wednesday, May 20th. The stock was acquired at an average price of $16.18 per share, with a total value of $1,320,433.62. Following the purchase, the insider owned 7,106,824 shares in the company, valued at approximately $114,988,412.32. This trade represents a 1.16% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have acquired 538,681 shares of company stock worth $10,406,791. 1.63% of the stock is currently owned by company insiders.

Institutional Trading of Energizer

Several large investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio lifted its holdings in Energizer by 25.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 2,479 shares of the company’s stock worth $49,000 after purchasing an additional 503 shares during the last quarter. SkyView Investment Advisors LLC grew its holdings in Energizer by 2.5% during the fourth quarter. SkyView Investment Advisors LLC now owns 23,608 shares of the company’s stock valued at $470,000 after purchasing an additional 568 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Energizer by 51.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,891 shares of the company’s stock valued at $31,000 after purchasing an additional 644 shares during the period. SummitTX Capital L.P. raised its position in shares of Energizer by 2.3% in the first quarter. SummitTX Capital L.P. now owns 34,246 shares of the company’s stock valued at $562,000 after purchasing an additional 781 shares during the period. Finally, Krane Funds Advisors LLC raised its position in shares of Energizer by 4.1% in the fourth quarter. Krane Funds Advisors LLC now owns 22,112 shares of the company’s stock valued at $440,000 after purchasing an additional 873 shares during the period. Institutional investors own 93.74% of the company’s stock.

Energizer Price Performance

The stock’s 50 day moving average price is $20.47 and its two-hundred day moving average price is $19.80. The company has a debt-to-equity ratio of 19.08, a current ratio of 2.05 and a quick ratio of 1.03. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 7.66 and a beta of 0.75.

About Energizer

Energizer Holdings, Inc is a global consumer products company best known for its portfolio of portable power and lighting solutions. The company’s primary business activities include the design, manufacture and marketing of batteries under the Energizer and Rayovac brands, as well as portable lighting products such as flashlights, headlamps and lanterns. Energizer also produces a range of automotive appearance and protection products, including tire inflators and repair kits, along with personal care offerings like aerosol insect repellents and sunscreen under licensed brands.

Founded in 2000 through the spin-off of the battery business from Ralston Purina Company, Energizer has grown through both organic development and strategic acquisitions.