Energizer Holdings, Inc. (NYSE:ENR) Announces $0.30 Quarterly Dividend

Energizer Holdings, Inc. (NYSE:ENR) declared a quarterly dividend on Monday, November 4th, RTT News reports. Stockholders of record on Wednesday, November 27th will be paid a dividend of 0.30 per share on Thursday, December 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Wednesday, November 27th.

Energizer has a dividend payout ratio of 34.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Energizer to earn $3.54 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 33.9%.

Energizer Trading Up 1.3 %

NYSE ENR opened at $33.02 on Wednesday. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 235.86 and a beta of 1.04. The business has a 50 day moving average price of $31.29 and a 200-day moving average price of $30.15. The company has a quick ratio of 1.01, a current ratio of 1.99 and a debt-to-equity ratio of 26.04. Energizer has a 52 week low of $26.92 and a 52 week high of $36.72.

Energizer (NYSE:ENR) last released its earnings results on Tuesday, August 6th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.12. Energizer had a return on equity of 137.24% and a net margin of 0.35%. The company had revenue of $701.40 million during the quarter, compared to analyst estimates of $704.86 million. During the same period in the prior year, the company posted $0.54 earnings per share. Energizer’s quarterly revenue was up .3% on a year-over-year basis. As a group, equities analysts expect that Energizer will post 3.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Barclays raised their target price on Energizer from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Evercore ISI reduced their price target on shares of Energizer from $42.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Truist Financial raised Energizer from a “hold” rating to a “buy” rating and lifted their price target for the stock from $30.00 to $40.00 in a research note on Tuesday, August 27th. JPMorgan Chase & Co. increased their target price on shares of Energizer from $29.00 to $32.00 and gave the stock an “underweight” rating in a report on Friday, October 11th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $38.00 price objective on shares of Energizer in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $35.00.

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.