Fintel reports that on July 20, 2023, Barclays maintained coverage of Energizer Holdings (NYSE:ENR) with a Overweight recommendation.
Analyst Price Forecast Suggests 19.93% Upside
As of July 6, 2023, the average one-year price target for Energizer Holdings is 40.57. The forecasts range from a low of 36.36 to a high of $45.15. The average price target represents an increase of 19.93% from its latest reported closing price of 33.83.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Energizer Holdings is 3,038MM, an increase of 2.37%. The projected annual non-GAAP EPS is 3.18.
Energizer Holdings Declares $0.30 Dividend
On May 1, 2023 the company declared a regular quarterly dividend of $0.30 per share ($1.20 annualized). Shareholders of record as of May 22, 2023 received the payment on June 13, 2023. Previously, the company paid $0.30 per share.
At the current share price of $33.83 / share, the stock's dividend yield is 3.55%.
Looking back five years and taking a sample every week, the average dividend yield has been 3.01%, the lowest has been 1.80%, and the highest has been 4.63%. The standard deviation of yields is 0.62 (n=236).
The current dividend yield is 0.86 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is -0.39. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
What is the Fund Sentiment?
There are 601 funds or institutions reporting positions in Energizer Holdings. This is a decrease of 23 owner(s) or 3.69% in the last quarter. Average portfolio weight of all funds dedicated to ENR is 0.14%, an increase of 12.78%. Total shares owned by institutions decreased in the last three months by 3.68% to 73,377K shares. 
The put/call ratio of ENR is 0.59, indicating a bullish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 4,955K shares representing 6.93% ownership of the company. In it's prior filing, the firm reported owning 5,006K shares, representing a decrease of 1.03%. The firm decreased its portfolio allocation in ENR by 5.40% over the last quarter.
Clarkston Capital Partners holds 4,141K shares representing 5.79% ownership of the company. In it's prior filing, the firm reported owning 4,037K shares, representing an increase of 2.53%. The firm increased its portfolio allocation in ENR by 4.81% over the last quarter.
Fuller & Thaler Asset Management holds 2,744K shares representing 3.84% ownership of the company. In it's prior filing, the firm reported owning 3,443K shares, representing a decrease of 25.47%. The firm decreased its portfolio allocation in ENR by 25.13% over the last quarter.
UBVLX - Undiscovered Managers Behavioral Value Fund Class L holds 2,256K shares representing 3.16% ownership of the company. In it's prior filing, the firm reported owning 2,804K shares, representing a decrease of 24.27%. The firm decreased its portfolio allocation in ENR by 19.42% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,189K shares representing 3.06% ownership of the company. In it's prior filing, the firm reported owning 2,172K shares, representing an increase of 0.82%. The firm decreased its portfolio allocation in ENR by 3.71% over the last quarter.
Energizer Holdings Background Information
(This description is provided by the company.)
Energizer Holdings, Inc., headquartered in St. Louis, Missouri, is one of the world's largest manufacturers and distributors of primary batteries, portable lights, and auto care appearance, performance, refrigerant, and fragrance products. Its portfolio of globally recognized brands includes Energizer®, Armor All®, Eveready®, Rayovac®, STP®, Varta®, A/C Pro®, Refresh Your Car!®, California Scents®, Driven®, Bahama & Co.®, LEXOL®, Eagle One®, Nu Finish®, Scratch Doctor®, and Tuff Stuff®. As a global branded consumer products company, Energizer's mission is to lead the charge to deliver value to its customers and consumers better than anyone else.
Additional reading:
- Energizer Holdings, Inc. Announces Fiscal 2023 Second Quarter Results
- AMENDMENT NO. 3 TO CREDIT AGREEMENT
- Joint Filing Agreement
- Exhibit 1
- TERMINATION OF THE CERTIFICATE OF DESIGNATIONS 7.50% SERIES A MANDATORY CONVERTIBLE PREFERRED STOCK ENERGIZER HOLDINGS, INC. Pursuant to Section 351.180 of The General and Business Corporation Law of Missouri
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
