Energizer (NYSE:ENR) Issues Earnings Results

Energizer (NYSE:ENR) posted its earnings results on Tuesday. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.47, FiscalAI reports. Energizer had a net margin of 7.11% and a return on equity of 143.24%. The firm had revenue of $643.30 million during the quarter, compared to analyst estimates of $661.92 million. During the same period last year, the firm posted $0.67 earnings per share. Energizer’s revenue for the quarter was down 3.0% compared to the same quarter last year. Energizer updated its Q3 2026 guidance to 0.750-0.850 EPS and its FY 2026 guidance to 3.300-3.600 EPS.

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

• Q2 execution improved margins through disciplined pricing, supply?chain optimization and cost actions, and management said it now expects to deliver the high end of fiscal 2026 earnings outlook.
• The company expects a Q3 inflection in organic net sales driven by the APS integration, new product innovation (e.g., Energizer Ultimate Child Shield), expanded distribution and targeted pricing.
• Energizer recorded a tariff receivable of $65 million and recognized roughly $48 million in Q2, which management says will support margins though actual cash timing is uncertain.
• Tariffs remain a persistent drag (about $15 million per quarter, ~$60 million annually) and production?credit benefits are now expected to be ~10–15% lower than originally planned, creating near?term gross profit headwinds.
• Management trimmed top?line outlook citing a cautious consumer (softer start to auto?care peak season, modestly higher promotional activity and private?label pressure) and noted ~50 bps revenue drag in the quarter from Middle East shipping delays.

Energizer Trading Up 5.8%

ENR traded up $1.03 during trading on Wednesday, reaching $18.88. The company had a trading volume of 650,453 shares, compared to its average volume of 1,252,337. The stock has a market cap of $1.29 billion, a P/E ratio of 6.36 and a beta of 0.81. The business has a 50 day simple moving average of $18.58 and a 200-day simple moving average of $20.37. Energizer has a 52 week low of $16.00 and a 52 week high of $30.29. The company has a quick ratio of 1.07, a current ratio of 1.99 and a debt-to-equity ratio of 23.49.

Energizer Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be given a $0.30 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $1.20 dividend on an annualized basis and a yield of 6.4%. Energizer’s dividend payout ratio (DPR) is currently 40.40%.

Insider Transactions at Energizer

In other Energizer news, major shareholder Aqua Capital, Ltd. bought 4,200 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was acquired at an average cost of $18.85 per share, for a total transaction of $79,170.00. Following the completion of the transaction, the insider owned 7,025,215 shares in the company, valued at $132,425,302.75. This trade represents a 0.06% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders acquired 20,215 shares of company stock valued at $361,302 in the last ninety days. 1.63% of the stock is owned by company 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 stake in shares of Energizer by 0.5% during the fourth quarter. State Street Corp now owns 2,490,608 shares of the company’s stock valued at $49,538,000 after buying an additional 13,200 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Energizer by 16.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,348,768 shares of the company’s stock valued at $46,717,000 after buying an additional 323,363 shares during the period. Wellington Management Group LLP increased its stake in shares of Energizer by 69.4% during the fourth quarter. Wellington Management Group LLP now owns 903,293 shares of the company’s stock valued at $17,966,000 after buying an additional 370,216 shares during the period. Invesco Ltd. increased its stake in shares of Energizer by 25.8% during the fourth quarter. Invesco Ltd. now owns 589,954 shares of the company’s stock valued at $11,734,000 after buying an additional 121,051 shares during the period. Finally, Bank of America Corp DE increased its stake 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 valued at $13,124,000 after buying an additional 15,898 shares during the period. 93.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ENR shares. Zacks Research raised shares of Energizer from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 11th. UBS Group reissued a “neutral” rating on shares of Energizer in a report on Wednesday. Evercore set a $28.00 target price on shares of Energizer in a report on Tuesday, February 10th. JPMorgan Chase & Co. cut their target price on shares of Energizer from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, April 17th. Finally, Barclays raised their target price on shares of Energizer from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Tuesday, April 14th. One investment analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $23.43.

Key Energizer News

Here are the key news stories impacting Energizer this week:

• Positive Sentiment: Adjusted Q2 EPS of $0.94 materially beat the Street estimate (~$0.47), a key catalyst for the stock rally. Energizer Holds Surpasses Q2 Estimates
• Positive Sentiment: Adjusted margins expanded — management cited a $47.6M tariff?refund benefit that lifted adjusted gross margin to ~44.4%, supporting the EPS beat and near?term profitability. (Note: this is largely a one?time benefit.) Q2 Earnings Top Estimates on Tariff Refund Benefit
• Positive Sentiment: Product innovation: Energizer launched the “Ultimate Child Shield” coin lithium battery aimed at eliminating ingestion burns — a safety differentiation that could reduce liability risk and support premium positioning in coin cell categories. Energizer Introduces Child Safety Innovation
• Neutral Sentiment: Full?year FY2026 EPS guidance was updated to $3.30–$3.60, roughly in line with consensus (~$3.34), leaving FY expectations largely unchanged. Energizer Announces Fiscal 2026 Q2 Results
• Negative Sentiment: Revenue missed expectations: Q2 sales were $643.3M vs. analyst estimates of ~$661.9M and were down ~3% year?over?year, signaling pressure on top?line growth. Energizer Misses Q1/CY2026 Revenue Estimates
• Negative Sentiment: Q3 guidance came in below Street expectations: management gave Q3 EPS of $0.75–$0.85 versus ~$0.93 consensus, highlighting near?term volume/timing and mix headwinds that may pressure the recovery. Q2 2026 Earnings Call Transcript

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.