Energizer (NYSE:ENR) Releases Earnings Results, Misses Expectations By $0.08 EPS

Energizer (NYSE:ENR) posted its quarterly earnings results on Tuesday. The company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.08), FiscalAI reports. The company had revenue of $734.10 million for the quarter, compared to analyst estimates of $720.29 million. Energizer had a net margin of 6.55% and a return on equity of 144.22%. Energizer’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.13 earnings per share. 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 Price Performance

Shares of Energizer stock traded down $0.23 during trading on Tuesday, hitting $20.89. 679,083 shares of the company were exchanged, compared to its average volume of 1,182,526. Energizer has a fifty-two week low of $15.75 and a fifty-two week high of $30.29. The company has a quick ratio of 1.03, a current ratio of 2.05 and a debt-to-equity ratio of 19.08. The firm has a 50 day moving average price of $20.47 and a 200 day moving average price of $19.80. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 7.66 and a beta of 0.75.

Energizer Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.7%. The ex-dividend date is Wednesday, August 19th. Energizer’s payout ratio is currently 43.96%.

More Energizer News

Here are the key news stories impacting Energizer this week:

• Positive Sentiment: Fiscal third-quarter net sales rose 1.2% year over year to $734.1 million, exceeding analysts’ $720.3 million estimate. Organic sales increased 2.7%, indicating some underlying demand resilience. Energizer Holdings Fiscal 2026 Third Quarter Results
• Positive Sentiment: Full-year adjusted EPS guidance of $3.60 is above the $3.51 consensus estimate, which could limit the downside if Energizer achieves the target.
• Neutral Sentiment: Gross margin was 38.2%, or 39.2% on an adjusted basis. The company also reported a 6.55% net margin and a very high 144.22% return on equity, though these figures did not offset investor concerns about earnings momentum.
• Negative Sentiment: Fiscal third-quarter adjusted EPS was $0.75, below estimates ranging from $0.83 to $0.86 and down sharply from $1.13 a year earlier. Reported GAAP EPS was $0.58. Energizer Holdings Q3 Earnings and Revenues Miss Estimates
• Negative Sentiment: Fourth-quarter EPS guidance of $1.25-$1.35 is below the $1.42 analyst consensus, signaling that near-term profitability may remain under pressure.
• Negative Sentiment: Energizer updated its fiscal-year outlook for adjusted EPS and adjusted EBITDA to the low end of its original ranges. The combination of lower profit, muted sales growth and cautious guidance is the primary reason investors reacted negatively.

Insider Buying and Selling

In related news, major shareholder Aqua Capital, Ltd. purchased 60,000 shares of the company’s stock in a transaction on Thursday, July 23rd. The stock was bought at an average price of $20.25 per share, with a total value of $1,215,000.00. Following the completion of the transaction, the insider owned 7,940,000 shares of the company’s stock, valued at approximately $160,785,000. This represents a 0.76% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders acquired 538,681 shares of company stock worth $10,406,791. 1.63% of the stock is currently owned by corporate insiders.

Institutional Trading of Energizer

Several institutional investors and hedge funds have recently made changes to their positions in ENR. State Street Corp increased its position in Energizer by 0.5% during the 4th quarter. State Street Corp now owns 2,490,608 shares of the company’s stock worth $49,538,000 after purchasing an additional 13,200 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Energizer by 16.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,348,768 shares of the company’s stock valued at $46,717,000 after purchasing an additional 323,363 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Energizer by 69.4% during the 4th quarter. Wellington Management Group LLP now owns 903,293 shares of the company’s stock worth $17,966,000 after purchasing an additional 370,216 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Energizer by 25.8% during the 4th quarter. Invesco Ltd. now owns 589,954 shares of the company’s stock worth $11,734,000 after purchasing an additional 121,051 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Energizer by 3.1% during the third quarter. Bank of America Corp DE now owns 527,288 shares of the company’s stock worth $13,124,000 after buying an additional 15,898 shares in the last quarter. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ENR has been the subject of several research analyst reports. Canaccord Genuity Group dropped their price objective on Energizer from $20.00 to $19.00 and set a “hold” rating for the company in a research note on Wednesday, May 6th. JPMorgan Chase & Co. boosted their target price on Energizer from $19.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Barclays upped their target price on Energizer from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. Morgan Stanley restated a “negative” rating on shares of Energizer in a research report on Tuesday. Finally, UBS Group lifted their price target on Energizer from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $24.00.

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.