Energizer (NYSE:ENR) Releases FY19 Earnings Guidance

Energizer (NYSE:ENR) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $2.90-3.00 for the period, compared to the Thomson Reuters consensus estimate of $2.93. The company issued revenue guidance of $2.48-2.50 billion, compared to the consensus revenue estimate of $2.53 billion.Energizer also updated its FY 2019 guidance to $2.90-3.00 EPS.

Shares of NYSE:ENR opened at $35.68 on Tuesday. Energizer has a 52-week low of $37.39 and a 52-week high of $65.06. The firm has a market cap of $2.84 billion, a P/E ratio of 10.59, a P/E/G ratio of 4.05 and a beta of 0.55. The firm has a 50-day moving average price of $39.82. 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 (NYSE:ENR) last issued its earnings results on Tuesday, August 6th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.10). Energizer had a net margin of 1.15% and a return on equity of 102.03%. The firm had revenue of $647.20 million during the quarter, compared to analyst estimates of $673.50 million. During the same quarter last year, the business posted $0.54 earnings per share. The company’s revenue for the quarter was up 64.8% on a year-over-year basis. Equities research analysts anticipate that Energizer will post 2.92 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th will be paid a $0.30 dividend. The ex-dividend date is Monday, August 19th. This represents a $1.20 annualized dividend and a yield of 3.36%. Energizer’s dividend payout ratio (DPR) is currently 35.61%.

Several equities research analysts have issued reports on the stock. Citigroup upgraded shares of Energizer from a neutral rating to a buy rating and raised their price objective for the stock from $50.00 to $54.00 in a research report on Tuesday, May 14th. ValuEngine upgraded shares of Energizer from a strong sell rating to a sell rating in a research report on Thursday, August 1st. Zacks Investment Research downgraded shares of Energizer from a hold rating to a sell rating and set a $45.00 price objective for the company. in a research report on Friday, June 14th. JPMorgan Chase & Co. downgraded shares of Energizer from a neutral rating to an underweight rating and cut their price objective for the stock from $45.00 to $36.00 in a research report on Wednesday, June 19th. Finally, Deutsche Bank upgraded shares of Energizer from a hold rating to a buy rating and raised their price objective for the stock from $38.00 to $52.00 in a research report on Wednesday, June 26th. Four equities research analysts have rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. The stock has an average rating of Hold and an average target price of $54.42.

In other news, Director Robert V. Vitale acquired 1,765 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were acquired at an average cost of $42.31 per share, with a total value of $74,677.15. Following the completion of the purchase, the director now directly owns 8,225 shares of the company’s stock, valued at approximately $347,999.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.25% of the company’s stock.

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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Earnings History and Estimates for Energizer (NYSE:ENR)

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