Energizer (NYSE:ENR) Releases FY24 Earnings Guidance

Energizer (NYSE:ENR) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $3.10-3.30 for the period, compared to the consensus estimate of $3.21. Energizer also updated its Q3 guidance to $0.62-0.68 EPS.

Energizer Price Performance

Shares of Energizer stock traded up $0.32 on Wednesday, reaching $29.29. 498,181 shares of the stock were exchanged, compared to its average volume of 502,746. The firm’s 50 day moving average is $28.41 and its 200-day moving average is $30.51. Energizer has a one year low of $26.92 and a one year high of $37.32. The company has a debt-to-equity ratio of 19.36, a quick ratio of 1.15 and a current ratio of 2.03. The firm has a market cap of $2.10 billion, a PE ratio of 22.72 and a beta of 1.04.

Energizer (NYSE:ENR) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.67 by $0.05. The business had revenue of $663.30 million during the quarter, compared to the consensus estimate of $664.10 million. Energizer had a net margin of 3.21% and a return on equity of 123.29%. The firm’s revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.64 EPS. As a group, analysts anticipate that Energizer will post 3.21 EPS for the current fiscal year.

Energizer Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 22nd will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date of this dividend is Tuesday, May 21st. Energizer’s dividend payout ratio (DPR) is currently 93.02%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. UBS Group upped their price objective on shares of Energizer from $30.00 to $31.00 and gave the company a neutral rating in a report on Wednesday. Barclays lowered their target price on shares of Energizer from $36.00 to $32.00 and set an overweight rating on the stock in a research note on Friday, April 12th. Truist Financial decreased their price target on shares of Energizer from $35.00 to $30.00 and set a hold rating on the stock in a research note on Wednesday. Morgan Stanley raised shares of Energizer from an underweight rating to an equal weight rating and set a $33.00 price target on the stock in a research note on Wednesday. Finally, StockNews.com cut shares of Energizer from a buy rating to a hold rating in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Hold and a consensus target price of $32.71.

Energizer Company Profile

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.