Energizer (NYSE:ENR) Issues FY 2022 Earnings Guidance

Energizer (NYSE:ENR) updated its FY 2022 earnings guidance on Wednesday. The company provided EPS guidance of $3.000-$3.300 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.490. The company issued revenue guidance of -.

A number of equities research analysts recently commented on the company. Citigroup lowered their price target on Energizer from $51.00 to $42.00 and set a neutral rating for the company in a research report on Monday, August 9th. Zacks Investment Research cut Energizer from a hold rating to a strong sell rating and set a $34.00 price objective on the stock. in a report on Monday, October 4th. Finally, Morgan Stanley lowered their price target on Energizer from $51.00 to $46.00 and set an overweight rating on the stock in a report on Monday, November 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Hold and a consensus target price of $48.33.

ENR stock traded up $0.26 during midday trading on Thursday, reaching $39.55. 687,056 shares of the company traded hands, compared to its average volume of 640,004. Energizer has a 52-week low of $36.14 and a 52-week high of $52.85. The company has a debt-to-equity ratio of 9.37, a quick ratio of 0.75 and a current ratio of 1.52. The business has a 50 day moving average of $38.39 and a 200-day moving average of $41.21. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 19.01 and a beta of 1.12.

Energizer (NYSE:ENR) last issued its quarterly earnings results on Wednesday, November 10th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.07. Energizer had a return on equity of 74.55% and a net margin of 5.33%. During the same period in the prior year, the business earned $0.59 EPS. Research analysts anticipate that Energizer will post 3.24 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 15th. Shareholders of record on Tuesday, November 30th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, November 29th. This represents a $1.20 annualized dividend and a yield of 3.03%. Energizer’s dividend payout ratio (DPR) is presently 57.69%.

Institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its stake in Energizer by 38.3% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 11,429 shares of the company’s stock worth $446,000 after acquiring an additional 3,164 shares during the last quarter. Janus Henderson Group PLC purchased a new position in Energizer in the 3rd quarter worth $243,000. Finally, Morgan Stanley raised its stake in Energizer by 54.0% in the 2nd quarter. Morgan Stanley now owns 261,063 shares of the company’s stock worth $11,221,000 after acquiring an additional 91,559 shares during the last quarter. 88.53% of the stock is owned by hedge funds and other institutional investors.

Energizer Company Profile

Energizer Holdings, Inc is a global producer of household products, such as batteries, auto care, and portable lights. It engages in manufacturing, marketing, and distribution of household and specialty batteries; automotive appearance, performance, refrigerant, and freshener products; and portable lights.

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Earnings History and Estimates for Energizer (NYSE:ENR)

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