Energizer (NYSE:ENR) Updates Q4 2024 Earnings Guidance

Energizer (NYSE:ENR) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 1.100-1.200 for the period, compared to the consensus earnings per share estimate of 1.230. The company issued revenue guidance of -. Energizer also updated its FY 2024 guidance to 3.200-3.300 EPS.

Energizer Stock Up 0.1 %

NYSE:ENR opened at $29.28 on Wednesday. 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 capitalization of $2.10 billion, a P/E ratio of 24.61 and a beta of 1.05. The company’s 50-day simple moving average is $29.50 and its 200-day simple moving average is $29.46. Energizer has a fifty-two week low of $26.92 and a fifty-two week high of $36.72.

Energizer (NYSE:ENR) last released its earnings results on Tuesday, August 6th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.12. Energizer had a net margin of 2.97% and a return on equity of 119.16%. The company had revenue of $701.40 million during the quarter, compared to analysts’ expectations of $704.86 million. During the same period last year, the business earned $0.54 EPS. Energizer’s revenue for the quarter was up .3% on a year-over-year basis. On average, equities analysts anticipate that Energizer will post 3.21 earnings per share for the current fiscal year.

Energizer Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 22nd will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.10%. The ex-dividend date is Thursday, August 22nd. Energizer’s payout ratio is 100.84%.

Wall Street Analyst Weigh In

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

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.