Energizer Holdings, Inc. (NYSE:ENR - Get Free Report) declared a quarterly dividend on Monday, November 4th, RTT News reports. Investors of record on Wednesday, November 27th will be given a dividend of 0.30 per share on Thursday, December 12th. This represents a $1.20 dividend on an annualized basis and a yield of 3.68%.
Energizer has a payout ratio of 34.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Energizer to earn $3.54 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 33.9%.
NYSE:ENR traded up $0.23 during trading hours on Monday, hitting $32.61. 398,140 shares of the company's stock traded hands, compared to its average volume of 564,947. Energizer has a twelve month low of $26.92 and a twelve month high of $36.72. The firm has a market cap of $2.34 billion, a P/E ratio of 232.95 and a beta of 1.04. The company has a debt-to-equity ratio of 26.04, a quick ratio of 1.01 and a current ratio of 1.99. The stock's fifty day moving average price is $31.23 and its two-hundred day moving average price is $30.08.
Energizer (NYSE:ENR - Get Free Report) last issued its earnings results on Tuesday, August 6th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.12. Energizer had a net margin of 0.35% and a return on equity of 137.24%. The company had revenue of $701.40 million during the quarter, compared to analyst estimates of $704.86 million. During the same quarter last year, the business posted $0.54 EPS. The company's revenue for the quarter was up .3% on a year-over-year basis. On average, research analysts expect that Energizer will post 3.27 earnings per share for the current fiscal year.
ENR has been the subject of a number of recent research reports. Barclays upped their price objective on shares of Energizer from $32.00 to $34.00 and gave the stock an "overweight" rating in a report on Friday, October 11th. JPMorgan Chase & Co. increased their price objective on Energizer from $29.00 to $32.00 and gave the company an "underweight" rating in a report on Friday, October 11th. Truist Financial upgraded Energizer from a "hold" rating to a "buy" rating and boosted their target price for the stock from $30.00 to $40.00 in a report on Tuesday, August 27th. Evercore ISI lowered their price target on Energizer from $42.00 to $40.00 and set an "outperform" rating on the stock in a report on Wednesday, August 7th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $38.00 price target on shares of Energizer in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $35.00.
View Our Latest Analysis on ENR
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.
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