Energizer Holdings Inc Plans Quarterly Dividend of $0.30 (ENR)

Energizer Holdings Inc (NYSE:ENR) declared a quarterly dividend on Monday, April 29th, RTT News reports. Shareholders of record on Tuesday, May 21st will be given a dividend of 0.30 per share on Monday, June 10th. This represents a $1.20 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Monday, May 20th.

Energizer has decreased its dividend by an average of 7.9% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Energizer has a payout ratio of 35.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Energizer to earn $3.36 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 35.7%.

ENR stock opened at $46.96 on Friday. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 14.63, a P/E/G ratio of 5.57 and a beta of 0.50. The company has a debt-to-equity ratio of 5.51, a current ratio of 2.14 and a quick ratio of 1.66. Energizer has a 52-week low of $41.88 and a 52-week high of $65.57.

Energizer (NYSE:ENR) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The company had revenue of $556.40 million for the quarter, compared to analyst estimates of $565.61 million. Energizer had a net margin of 1.15% and a return on equity of 102.03%. Energizer’s revenue for the quarter was up 48.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 EPS. On average, analysts forecast that Energizer will post 2.93 EPS for the current year.

A number of equities analysts have issued reports on the company. TheStreet upgraded Energizer from a “c+” rating to a “b-” rating in a research note on Tuesday, April 23rd. Zacks Investment Research upgraded Energizer from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. Barclays reiterated a “buy” rating and set a $54.00 price target on shares of Energizer in a research note on Sunday, March 3rd. JPMorgan Chase & Co. assumed coverage on Energizer in a research note on Friday, March 22nd. They set a “neutral” rating and a $49.00 price target for the company. Finally, Evercore ISI assumed coverage on Energizer in a research note on Tuesday, February 12th. They set an “outperform” rating and a $55.00 price target for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $58.75.

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About Energizer

Energizer Holdings, Inc manufacturers and markets batteries and lighting products. The company’s products include household batteries, specialty batteries, and portable lighting. Energizer Holdings was founded in 2000 and is headquartered in St. Louis, MO.

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Dividend History for Energizer (NYSE:ENR)

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