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

Shares of Energizer Holdings, Inc. (NYSE:ENR) have earned an average recommendation of “Reduce” from the six analysts that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $35.00.

Several analysts recently issued reports on the company. Barclays cut their price objective on Energizer from $36.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, April 12th. StockNews.com lowered Energizer from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th.

Hedge Funds Weigh In On Energizer

A number of institutional investors have recently made changes to their positions in ENR. Envestnet Asset Management Inc. boosted its holdings in Energizer by 2.0% during the second quarter. Envestnet Asset Management Inc. now owns 14,873 shares of the company’s stock valued at $499,000 after purchasing an additional 285 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Energizer by 2.0% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 16,695 shares of the company’s stock worth $535,000 after buying an additional 324 shares during the period. Thrivent Financial for Lutherans increased its holdings in Energizer by 2.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 17,539 shares of the company’s stock worth $441,000 after purchasing an additional 342 shares in the last quarter. Yousif Capital Management LLC increased its holdings in Energizer by 1.1% during the 3rd quarter. Yousif Capital Management LLC now owns 32,980 shares of the company’s stock worth $1,057,000 after purchasing an additional 353 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in shares of Energizer by 35.3% in the 3rd quarter. Signaturefd LLC now owns 1,384 shares of the company’s stock valued at $44,000 after acquiring an additional 361 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors.

Energizer Stock Performance

Shares of Energizer stock opened at $27.97 on Friday. The stock has a market cap of $2.01 billion, a PE ratio of 21.68 and a beta of 1.06. The business has a fifty day simple moving average of $28.74 and a 200-day simple moving average of $30.68. The company has a quick ratio of 1.15, a current ratio of 2.03 and a debt-to-equity ratio of 19.36. Energizer has a 12 month low of $26.92 and a 12 month high of $37.32.

Energizer (NYSE:ENR) last issued its earnings results on Tuesday, February 6th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. Energizer had a return on equity of 123.29% and a net margin of 3.21%. The business had revenue of $716.60 million during the quarter, compared to analysts’ expectations of $710.73 million. During the same quarter last year, the firm posted $0.72 earnings per share. Energizer’s revenue was down 6.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Energizer will post 3.21 EPS for the current fiscal year.

Energizer Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Wednesday, February 21st were paid a $0.30 dividend. The ex-dividend date was Tuesday, February 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.29%. Energizer’s payout ratio is presently 93.02%.

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.