Energizer Holdings, Inc. (NYSE:ENR) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Energizer Holdings, Inc. (NYSE:ENRGet Rating) have earned an average rating of “Hold” from the eight brokerages that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $36.00.

A number of equities analysts recently weighed in on the company. Morgan Stanley cut Energizer from an “overweight” rating to an “equal weight” rating and set a $35.00 price objective on the stock. in a report on Wednesday, August 10th. JPMorgan Chase & Co. decreased their price objective on Energizer from $33.00 to $32.00 in a report on Tuesday, August 9th. Finally, Barclays decreased their price objective on Energizer from $38.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, August 10th.

Insiders Place Their Bets

In other Energizer news, Director Bill G. Armstrong sold 5,000 shares of Energizer stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $32.14, for a total value of $160,700.00. Following the transaction, the director now directly owns 24,065 shares of the company’s stock, valued at approximately $773,449.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Energizer news, CEO Mark Stephen Lavigne acquired 3,000 shares of the business’s stock in a transaction dated Friday, August 26th. The shares were purchased at an average cost of $30.49 per share, for a total transaction of $91,470.00. Following the transaction, the chief executive officer now owns 150,323 shares in the company, valued at $4,583,348.27. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Bill G. Armstrong sold 5,000 shares of Energizer stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $32.14, for a total value of $160,700.00. Following the completion of the sale, the director now owns 24,065 shares in the company, valued at $773,449.10. The disclosure for this sale can be found here. Insiders own 0.71% of the company’s stock.

Institutional Investors Weigh In On Energizer

A number of large investors have recently made changes to their positions in the business. Ancora Advisors LLC bought a new stake in shares of Energizer during the first quarter valued at approximately $37,000. Signaturefd LLC boosted its position in shares of Energizer by 418.1% during the first quarter. Signaturefd LLC now owns 886 shares of the company’s stock valued at $27,000 after purchasing an additional 715 shares in the last quarter. Meeder Asset Management Inc. boosted its position in shares of Energizer by 312.4% during the second quarter. Meeder Asset Management Inc. now owns 961 shares of the company’s stock valued at $27,000 after purchasing an additional 728 shares in the last quarter. Dixon Hughes Goodman Wealth Advisors LLC bought a new stake in shares of Energizer during the first quarter valued at approximately $32,000. Finally, CX Institutional bought a new stake in shares of Energizer during the second quarter valued at approximately $32,000. 84.65% of the stock is currently owned by institutional investors.

Energizer Stock Performance

NYSE:ENR opened at $28.00 on Thursday. The business’s 50-day moving average price is $29.59 and its two-hundred day moving average price is $29.83. Energizer has a twelve month low of $25.17 and a twelve month high of $41.62. The stock has a market cap of $2.00 billion, a P/E ratio of 9.43 and a beta of 0.98. The company has a quick ratio of 0.96, a current ratio of 2.12 and a debt-to-equity ratio of 7.09.

Energizer (NYSE:ENRGet Rating) last released its quarterly earnings results on Monday, August 8th. The company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.01). The business had revenue of $728.00 million during the quarter, compared to analysts’ expectations of $747.47 million. Energizer had a net margin of 7.09% and a return on equity of 51.08%. The business’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the business earned $0.74 EPS. As a group, equities analysts predict that Energizer will post 3.04 EPS for the current fiscal year.

Energizer Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 13th. Shareholders of record on Tuesday, August 23rd were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, August 22nd. This represents a $1.20 dividend on an annualized basis and a yield of 4.29%. Energizer’s dividend payout ratio (DPR) is currently 40.40%.

About Energizer

(Get Rating)

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 and Eveready brands, as well as primary, rechargeable, specialty, and hearing aid batteries.

Further Reading

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