Energizer Holdings, Inc. (ENR) To Go Ex-Dividend on November 29th
Energizer Holdings, Inc. (NYSE:ENR) announced a quarterly dividend on Monday, November 13th, RTT News reports. Shareholders of record on Thursday, November 30th will be paid a dividend of 0.29 per share on Thursday, December 14th. This represents a $1.16 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Wednesday, November 29th. This is an increase from Energizer Holdings’s previous quarterly dividend of $0.28.
Energizer Holdings has decreased its dividend by an average of 17.1% per year over the last three years. Energizer Holdings has a payout ratio of 38.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Energizer Holdings to earn $3.26 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 35.6%.
Shares of Energizer Holdings (NYSE:ENR) opened at $44.97 on Friday. Energizer Holdings has a 12 month low of $40.64 and a 12 month high of $60.07. The company has a market cap of $2,731.42, a P/E ratio of 15.09, a price-to-earnings-growth ratio of 1.50 and a beta of 0.55. The company has a quick ratio of 1.21, a current ratio of 1.75 and a debt-to-equity ratio of 11.50.
Energizer Holdings (NYSE:ENR) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.48 by $0.06. Energizer Holdings had a net margin of 11.48% and a return on equity of 291.65%. The company had revenue of $465.00 million for the quarter, compared to analyst estimates of $437.36 million. During the same quarter last year, the business earned $0.54 earnings per share. Energizer Holdings’s revenue was up 7.5% compared to the same quarter last year. equities research analysts forecast that Energizer Holdings will post 3.05 EPS for the current fiscal year.
Several brokerages have commented on ENR. Zacks Investment Research lowered shares of Energizer Holdings from a “buy” rating to a “hold” rating in a research note on Monday, November 13th. Citigroup Inc. dropped their price target on shares of Energizer Holdings from $54.00 to $52.00 and set a “buy” rating on the stock in a research note on Friday, November 10th. Morgan Stanley dropped their price target on shares of Energizer Holdings from $53.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 9th. Jefferies Group LLC restated a “hold” rating and issued a $47.00 price target on shares of Energizer Holdings in a research note on Wednesday, November 8th. Finally, Off Wall Street began coverage on shares of Energizer Holdings in a research note on Monday, October 30th. They issued a “sell” rating on the stock. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $51.88.
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Energizer Holdings Company Profile
Energizer Holdings, Inc is a manufacturer, marketer and distributor of household batteries, specialty batteries and lighting products. The Company is a designer and marketer of automotive fragrance and appearance products. It operates through four geographic segments: North America, which consists of the United States and Canada; Latin America, which includes its markets in Mexico, the Caribbean, Central America and South America; Europe, the Middle East and Africa (EMEA), and Asia Pacific, which consists of its markets in Asia, Australia and New Zealand.
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