Energizer (ENR) Issues FY19 Earnings Guidance
Energizer (NYSE:ENR) updated its FY19 earnings guidance on Tuesday. The company provided EPS guidance of $2.90 to $3.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.02. The company issued revenue guidance of $2.52 billion to $2.57 billion, compared to the consensus revenue estimate of $2.51 billion.Energizer also updated its FY 2019 guidance to $2.90-3.00 EPS.
A number of research firms have commented on ENR. JPMorgan Chase & Co. began coverage on shares of Energizer in a research report on Friday, March 22nd. They issued a neutral rating and a $49.00 target price for the company. Zacks Investment Research downgraded shares of Energizer from a hold rating to a sell rating in a research report on Tuesday, April 9th. Goldman Sachs Group raised shares of Energizer from a neutral rating to a buy rating and lifted their target price for the stock from $48.00 to $60.00 in a research report on Sunday, March 31st. Citigroup cut their price objective on shares of Energizer from $52.00 to $50.00 and set a neutral rating for the company in a research report on Tuesday, March 26th. Finally, Evercore ISI began coverage on shares of Energizer in a research report on Tuesday, February 12th. They set an outperform rating and a $55.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. Energizer presently has a consensus rating of Hold and an average target price of $58.42.
Shares of ENR stock opened at $47.27 on Tuesday. Energizer has a 1 year low of $42.74 and a 1 year high of $65.57. The company has a quick ratio of 1.10, a current ratio of 1.45 and a debt-to-equity ratio of 13.86. The firm has a market cap of $3.29 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 3.84 and a beta of 0.50.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Tuesday, May 21st will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend is Monday, May 20th. Energizer’s dividend payout ratio (DPR) is 35.61%.
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Energizer Company Profile
Energizer Holdings, Inc manufacturers and markets batteries and lighting products. The company’s products include household batteries, specialty batteries, and portable lighting. Energizer Holdings was founded in 2000 and is headquartered in St. Louis, MO.
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