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

Energizer Holdings, Inc. (NYSE:ENR) announced a quarterly dividend on Friday, January 24th,RTT News reports. Investors of record on Thursday, February 20th will be given a dividend of 0.30 per share on Thursday, March 13th. This represents a $1.20 annualized dividend and a dividend yield of 3.88%. The ex-dividend date of this dividend is Thursday, February 20th.

Energizer has a dividend payout ratio of 31.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Energizer to earn $3.81 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 31.5%.

Energizer Stock Performance

ENR stock opened at $30.96 on Tuesday. The company has a debt-to-equity ratio of 22.17, a current ratio of 1.80 and a quick ratio of 1.00. The business has a 50-day moving average price of $34.46 and a 200 day moving average price of $33.12. The company has a market capitalization of $2.23 billion, a P/E ratio of 39.19 and a beta of 1.06. Energizer has a 1-year low of $26.92 and a 1-year high of $39.51.

Energizer (NYSE:ENR) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.03. The firm had revenue of $731.70 million during the quarter, compared to the consensus estimate of $726.23 million. Energizer had a return on equity of 168.16% and a net margin of 2.02%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 earnings per share. As a group, equities research analysts forecast that Energizer will post 3.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on ENR shares. Truist Financial boosted their target price on shares of Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. reduced their target price on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Canaccord Genuity Group boosted their target price on shares of Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. Barclays downgraded shares of Energizer from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $34.00 to $36.00 in a report on Wednesday, November 20th. Finally, Morgan Stanley boosted their target price on shares of Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $38.38.

Insider Transactions at Energizer

In related news, EVP Robin Vauth sold 4,070 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $38.16, for a total value of $155,311.20. Following the sale, the executive vice president now owns 9,827 shares in the company, valued at $374,998.32. This represents a 29.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Sara B. Hampton sold 2,812 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $38.49, for a total value of $108,233.88. Following the completion of the sale, the vice president now owns 4,635 shares in the company, valued at approximately $178,401.15. This represents a 37.76 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.98% of the company’s stock.

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.