Energizer Holdings, Inc. (NYSE:ENR) Declares $0.30 Quarterly Dividend

Energizer Holdings, Inc. (NYSE:ENR) announced a quarterly dividend on Monday, July 29th, RTT News reports. Stockholders of record on Thursday, August 22nd will be given a dividend of 0.30 per share on Tuesday, September 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.82%.

Energizer has a payout ratio of 34.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Energizer to earn $3.40 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 35.3%.

Energizer Stock Up 1.1 %

Shares of NYSE:ENR traded up $0.34 during trading on Monday, reaching $31.41. 552,978 shares of the stock traded hands, compared to its average volume of 513,420. The stock has a 50-day moving average of $29.35 and a two-hundred day moving average of $29.53. Energizer has a 52-week low of $26.92 and a 52-week high of $37.32. The company has a debt-to-equity ratio of 16.86, a quick ratio of 1.04 and a current ratio of 2.03. The stock has a market cap of $2.25 billion, a P/E ratio of 26.39 and a beta of 1.05.

Energizer (NYSE:ENR) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. Energizer had a net margin of 2.97% and a return on equity of 119.16%. The company had revenue of $663.30 million for the quarter, compared to the consensus estimate of $664.10 million. During the same quarter in the prior year, the firm earned $0.64 earnings per share. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. As a group, sell-side analysts expect that Energizer will post 3.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on ENR shares. Barclays increased their price target on shares of Energizer from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. UBS Group raised their price objective on shares of Energizer from $30.00 to $31.00 and gave the company a “neutral” rating in a research report on Wednesday, May 8th. Canaccord Genuity Group cut their target price on shares of Energizer from $33.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday, May 8th. Morgan Stanley raised shares of Energizer from an “underweight” rating to an “equal weight” rating and set a $33.00 target price for the company in a research note on Wednesday, May 8th. Finally, Truist Financial cut their target price on shares of Energizer from $35.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $32.00.

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.