Energizer (NYSE:ENR) Shares Down 6.8% on Disappointing Earnings

Energizer Holdings, Inc. (NYSE:ENR) dropped 6.8% on Wednesday following a dissappointing earnings announcement. The company traded as low as $17.95 and last traded at $18.1180. Approximately 657,031 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 895,051 shares. The stock had previously closed at $19.44.

The company reported $1.05 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.07). The firm had revenue of $832.80 million for the quarter, compared to the consensus estimate of $830.45 million. Energizer had a net margin of 8.60% and a return on equity of 181.90%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.22 earnings per share. Energizer has set its Q1 2026 guidance at -0.080-0.090 EPS. FY 2026 guidance at 3.300-3.600 EPS.

Energizer Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.6%. Energizer’s dividend payout ratio is 34.58%.

Wall Street Analyst Weigh In

ENR has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Energizer in a research report on Tuesday, October 14th. Truist Financial increased their price objective on shares of Energizer from $30.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. UBS Group lowered their target price on shares of Energizer from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Energizer from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 13th. Finally, Zacks Research downgraded shares of Energizer from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. One investment analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, Energizer currently has a consensus rating of “Hold” and a consensus price target of $28.00.

Institutional Trading of Energizer

Several hedge funds have recently made changes to their positions in ENR. Victory Capital Management Inc. increased its stake in Energizer by 0.3% during the first quarter. Victory Capital Management Inc. now owns 349,568 shares of the company’s stock worth $10,459,000 after acquiring an additional 1,183 shares during the last quarter. Allianz Asset Management GmbH increased its position in shares of Energizer by 29.3% during the 1st quarter. Allianz Asset Management GmbH now owns 10,600 shares of the company’s stock valued at $317,000 after purchasing an additional 2,400 shares during the last quarter. Choreo LLC raised its holdings in Energizer by 6.0% during the 1st quarter. Choreo LLC now owns 15,875 shares of the company’s stock valued at $475,000 after buying an additional 901 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Energizer by 14.2% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 153,887 shares of the company’s stock worth $4,604,000 after buying an additional 19,160 shares during the last quarter. Finally, Wakefield Asset Management LLLP lifted its position in Energizer by 8.1% in the first quarter. Wakefield Asset Management LLLP now owns 31,704 shares of the company’s stock worth $949,000 after buying an additional 2,369 shares during the last quarter. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

Energizer Price Performance

The company has a quick ratio of 0.84, a current ratio of 1.78 and a debt-to-equity ratio of 17.57. The company has a market capitalization of $1.24 billion, a PE ratio of 5.24 and a beta of 0.63. The firm’s 50 day simple moving average is $25.14 and its 200 day simple moving average is $24.42.

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.