Energizer Holdings Inc Plans Quarterly Dividend of $0.29 (ENR)

Energizer Holdings Inc (NYSE:ENR) declared a quarterly dividend on Monday, January 29th, RTT News reports. Investors of record on Tuesday, February 20th will be paid a dividend of 0.29 per share on Tuesday, March 13th. This represents a $1.16 dividend on an annualized basis and a yield of 2.14%.

Energizer has decreased its dividend by an average of 17.7% per year over the last three years. Energizer has a dividend payout ratio of 37.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Energizer to earn $3.25 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 35.7%.

Shares of Energizer (ENR) traded down $0.84 during trading hours on Monday, reaching $54.28. 586,664 shares of the company were exchanged, compared to its average volume of 1,253,030. The company has a quick ratio of 1.21, a current ratio of 1.75 and a debt-to-equity ratio of 11.50. Energizer has a 52 week low of $40.64 and a 52 week high of $62.86. The company has a market capitalization of $3,300.76, a P/E ratio of 16.87, a price-to-earnings-growth ratio of 1.97 and a beta of 0.59.

Energizer (NYSE:ENR) last released its quarterly earnings results on Wednesday, November 8th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.06. Energizer had a net margin of 11.48% and a return on equity of 291.65%. The business had revenue of $465.00 million for the quarter, compared to analyst estimates of $437.36 million. During the same period in the previous year, the company earned $0.54 earnings per share. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. equities analysts anticipate that Energizer will post 3.12 earnings per share for the current fiscal year.

Several equities analysts have issued reports on ENR shares. Off Wall Street started coverage on shares of Energizer in a report on Monday, October 30th. They issued a “sell” rating on the stock. Deutsche Bank raised shares of Energizer from a “hold” rating to a “buy” rating and cut their price target for the stock from $50.00 to $49.00 in a report on Thursday, January 4th. Morgan Stanley cut their price target on shares of Energizer from $53.00 to $50.00 and set an “equal weight” rating on the stock in a report on Thursday, November 9th. Zacks Investment Research lowered shares of Energizer from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Finally, SunTrust Banks lifted their price target on shares of Energizer to $70.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $56.56.

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About Energizer

Energizer Holdings, Inc is a manufacturer, marketer and distributor of household batteries, specialty batteries and lighting products. The Company is a designer and marketer of automotive fragrance and appearance products. It operates through four geographic segments: North America, which consists of the United States and Canada; Latin America, which includes its markets in Mexico, the Caribbean, Central America and South America; Europe, the Middle East and Africa (EMEA), and Asia Pacific, which consists of its markets in Asia, Australia and New Zealand.

Dividend History for Energizer (NYSE:ENR)

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