Energizer (NYSE:ENR) Issues Earnings Results

Energizer (NYSE:ENR) posted its quarterly earnings data on Tuesday. The company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.08), FiscalAI reports. Energizer had a net margin of 2.73% and a return on equity of 122.63%. The firm had revenue of $734.10 million during the quarter, compared to analysts’ expectations of $720.29 million. During the same period in the previous year, the company earned $2.13 earnings per share. The business’s quarterly revenue was up 1.2% on a year-over-year basis. Energizer updated its Q4 2026 guidance to 1.250-1.350 EPS and its FY 2026 guidance to 3.600-3.600 EPS.

Here are the key takeaways from Energizer’s conference call:

• Negative Sentiment: Energizer lowered its full-year outlook after battery-category trends softened by roughly 200–300 basis points as consumers became more cautious and value-focused. Back-half organic growth is now expected to be roughly flat to up 1%, versus the prior expectation of about 4%.
• Positive Sentiment: Despite the weaker category, management said Energizer is gaining global volume and value share, expanding distribution, advancing innovation, and outperforming the battery market. U.S. value grew 1.8% and volume increased 5% in the quarter while the category declined.
• Positive Sentiment: Profitability is improving, with gross margin up more than 430 basis points from first-quarter levels and fourth-quarter gross margin expected to exceed 40%. Management expects approximately 25% adjusted EPS growth at the midpoint in the fourth quarter.
• Positive Sentiment: Strong free cash flow and debt reduction remain priorities, supported by lower Project Momentum cash costs, reduced capital expenditures, productivity initiatives, and expected collection of approximately $53 million in remaining IEEPA tariff credits.
• Neutral Sentiment: Management characterized the battery slowdown as a near-term consumer and shopping-behavior issue rather than a structural shift toward battery-free technologies, citing healthy device usage and replacement frequency. Commodity costs, tariffs, foreign exchange, and logistics remain moving parts that will be addressed in the next outlook.

Energizer Trading Down 3.7%

Energizer stock opened at $21.70 on Thursday. Energizer has a 1 year low of $15.75 and a 1 year high of $30.29. The firm’s 50-day moving average is $20.62 and its 200-day moving average is $19.81. The company has a debt-to-equity ratio of 16.22, a quick ratio of 1.03 and a current ratio of 2.07. The company has a market cap of $1.49 billion, a P/E ratio of 18.52 and a beta of 0.75.

Energizer Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Wednesday, August 19th. Energizer’s dividend payout ratio is 101.69%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ENR. Barclays lifted their price target on shares of Energizer from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. Canaccord Genuity Group set a $18.00 price objective on shares of Energizer in a research note on Wednesday. Morgan Stanley reissued a “negative” rating and set a $21.00 price objective on shares of Energizer in a report on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of Energizer from $19.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Finally, UBS Group upped their target price on shares of Energizer from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Six investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Energizer currently has a consensus rating of “Reduce” and an average price target of $21.50.

Insider Buying and Selling at Energizer

In other Energizer news, major shareholder Aqua Capital, Ltd. acquired 60,000 shares of the company’s stock in a transaction that occurred on Thursday, July 23rd. The shares were purchased at an average price of $20.25 per share, for a total transaction of $1,215,000.00. Following the completion of the purchase, the insider directly owned 7,940,000 shares in the company, valued at $160,785,000. The trade was a 0.76% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have bought 538,681 shares of company stock worth $10,406,791. 1.63% of the stock is owned by corporate insiders.

Institutional Trading of Energizer

Several large investors have recently added to or reduced their stakes in ENR. Aster Capital Management DIFC Ltd increased its stake in Energizer by 148.1% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,077 shares of the company’s stock valued at $41,000 after buying an additional 1,240 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Energizer during the third quarter valued at approximately $47,000. Public Employees Retirement System of Ohio raised its holdings in Energizer by 25.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 2,479 shares of the company’s stock worth $49,000 after purchasing an additional 503 shares in the last quarter. Federation des caisses Desjardins du Quebec lifted its position in Energizer by 50.3% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 9,020 shares of the company’s stock worth $179,000 after purchasing an additional 3,020 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in Energizer by 268.5% in the second quarter. Tower Research Capital LLC TRC now owns 8,947 shares of the company’s stock worth $180,000 after purchasing an additional 6,519 shares during the period. 93.74% of the stock is currently owned by institutional investors and hedge funds.

Energizer Company Profile

Energizer Holdings, Inc is a global consumer products company best known for its portfolio of portable power and lighting solutions. The company’s primary business activities include the design, manufacture and marketing of batteries under the Energizer and Rayovac brands, as well as portable lighting products such as flashlights, headlamps and lanterns. Energizer also produces a range of automotive appearance and protection products, including tire inflators and repair kits, along with personal care offerings like aerosol insect repellents and sunscreen under licensed brands.

Founded in 2000 through the spin-off of the battery business from Ralston Purina Company, Energizer has grown through both organic development and strategic acquisitions.