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

Energizer Holdings, Inc. (NYSE:ENR) announced a quarterly dividend on Monday, November 4th, RTT News reports. Stockholders of record on Wednesday, November 27th will be paid a dividend of 0.30 per share on Thursday, December 12th. This represents a $1.20 annualized dividend and a dividend yield of 3.68%.

Energizer has a dividend payout ratio of 34.0% meaning its dividend is sufficiently covered by earnings. Equities research 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%.

Energizer Trading Up 0.7 %

Shares of ENR stock opened at $32.61 on Tuesday. Energizer has a twelve month low of $26.92 and a twelve month high of $36.72. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 232.95 and a beta of 1.04. The firm has a 50-day moving average price of $31.28 and a 200 day moving average price of $30.12. The company has a current ratio of 1.99, a quick ratio of 1.01 and a debt-to-equity ratio of 26.04.

Energizer (NYSE:ENR) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.79 earnings per share 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 business had revenue of $701.40 million during the quarter, compared to analyst estimates of $704.86 million. During the same quarter in the previous year, the business posted $0.54 earnings per share. The company’s revenue was up .3% on a year-over-year basis. Research analysts forecast that Energizer will post 3.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. StockNews.com downgraded Energizer from a “buy” rating to a “hold” rating in a report on Monday, October 14th. Evercore ISI reduced their target price on Energizer from $42.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. JPMorgan Chase & Co. lifted their target price 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 upped their price target for the stock from $30.00 to $40.00 in a research note on Tuesday, August 27th. Finally, Barclays boosted their target price on Energizer from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $35.00.

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.