Energizer Holdings, Inc. (ENR) to Issue Quarterly Dividend of $0.30 on June 12th

Energizer Holdings, Inc. (NYSE:ENRGet Free Report) announced a quarterly dividend on Monday, April 29th, RTT News reports. Stockholders of record on Wednesday, May 22nd will be given a dividend of 0.30 per share on Wednesday, June 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date of this dividend is Tuesday, May 21st.

Energizer has a dividend payout ratio of 34.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Energizer to earn $3.40 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 35.3%.

Energizer Price Performance

NYSE ENR opened at $30.48 on Friday. 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 cap of $2.19 billion, a price-to-earnings ratio of 25.61 and a beta of 1.04. The business has a 50 day simple moving average of $28.72 and a 200 day simple moving average of $30.45. Energizer has a 52-week low of $26.92 and a 52-week high of $37.32.

Energizer (NYSE:ENRGet Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. The business had revenue of $663.30 million for the quarter, compared to analyst estimates of $664.10 million. Energizer had a net margin of 2.97% and a return on equity of 119.16%. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period last year, the business posted $0.64 earnings per share. Analysts anticipate that Energizer will post 3.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ENR shares. Canaccord Genuity Group reduced their price objective on Energizer from $33.00 to $32.00 and set a “hold” rating for the company in a research report on Wednesday, May 8th. Barclays decreased their price target on shares of Energizer from $32.00 to $31.00 and set an “overweight” rating for the company in a research note on Thursday, May 9th. Truist Financial cut their price objective on shares of Energizer from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, May 8th. Morgan Stanley upgraded shares of Energizer from an “underweight” rating to an “equal weight” rating and set a $33.00 target price for the company in a report on Wednesday, May 8th. Finally, UBS Group lifted their price target on shares of Energizer from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Energizer currently has an average rating of “Hold” and an average target price of $32.57.

Check Out Our Latest Stock Report on Energizer

Energizer Company Profile

(Get Free Report)

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.

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Dividend History for Energizer (NYSE:ENR)

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