Energizer Holdings Inc (NYSE:ENR) declared a quarterly dividend on Monday, July 29th, RTT News reports. Stockholders of record on Tuesday, August 20th will be given a dividend of 0.30 per share on Tuesday, September 10th. This represents a $1.20 annualized dividend and a dividend yield of 3.30%. The ex-dividend date is Monday, August 19th.

Energizer has decreased its dividend payment by an average of 7.9% per year over the last three years and has increased its dividend every year for the last 2 years. Energizer has a dividend payout ratio of 35.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Energizer to earn $3.23 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 37.2%.

ENR stock opened at $36.35 on Friday. The company has a fifty day moving average price of $39.05 and a 200-day moving average price of $43.78. The company has a market capitalization of $2.44 billion, a P/E ratio of 11.64, a PEG ratio of 6.56 and a beta of 0.55. Energizer has a 52-week low of $32.54 and a 52-week high of $65.06. The company has a debt-to-equity ratio of 6.12, a quick ratio of 1.40 and a current ratio of 1.88.

Energizer (NYSE:ENR) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.10). The business had revenue of $647.20 million for the quarter, compared to the consensus estimate of $673.50 million. Energizer had a net margin of 0.29% and a return on equity of 60.51%. Energizer’s revenue was up 64.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 EPS. As a group, sell-side analysts forecast that Energizer will post 2.92 earnings per share for the current fiscal year.

In related news, CEO Alan R. Hoskins purchased 10,000 shares of Energizer stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost of $35.00 per share, for a total transaction of $350,000.00. Following the completion of the acquisition, the chief executive officer now owns 260,337 shares of the company’s stock, valued at approximately $9,111,795. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John Eddy Klein purchased 840 shares of Energizer stock in a transaction on Wednesday, August 14th. The stock was bought at an average price of $35.48 per share, with a total value of $29,803.20. Following the completion of the acquisition, the director now directly owns 7,840 shares of the company’s stock, valued at approximately $278,163.20. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 31,327 shares of company stock valued at $1,124,740. 2.25% of the stock is currently owned by corporate insiders.

Several equities analysts have recently issued reports on ENR shares. TheStreet downgraded shares of Energizer from a “b-” rating to a “c” rating in a research note on Friday, June 7th. JPMorgan Chase & Co. downgraded shares of Energizer from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $45.00 to $36.00 in a research note on Wednesday, June 19th. Bank of America reiterated an “underperform” rating and set a $35.00 price objective (down from $40.00) on shares of Energizer in a research report on Wednesday, August 7th. Zacks Investment Research cut shares of Energizer from a “hold” rating to a “sell” rating and set a $45.00 price objective for the company. in a research report on Friday, June 14th. Finally, Citigroup upgraded shares of Energizer from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $50.00 to $54.00 in a research report on Tuesday, May 14th. Four research analysts have rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $53.58.

About Energizer

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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Dividend History for Energizer (NYSE:ENR)

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