Energizer Holdings Inc (NYSE: ENR) has reported earnings for its second fiscal quarter (ending March 31) of $0.45 versus $0.56 for the same period a year ago — a decline of -20%. This result fell short of the consensus estimate of $0.75 by $-0.30. For the latest four quarters through March 31, E.P.S. were $1.20 versus $-3.11 for the same period a year ago.
Recent Price Action
Energizer Holdings Inc (NYSE: ENR) stock declined modestly by -1.6% on 5/7/24. The stock closed at $28.97. Moreover, this decline was accompanied by above average trading volume at 135% of normal. The stock has been weak relative to the market over the last nine months but has risen 1.4% during the last week.
Current PriceTarget Research Rating
ENR’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Energizer Holdings has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Energizer Holdings has a neutral Appreciation Score of 56 but a poor Power Rating of 22, with the Negative Value Trend Rating the result.
Rating Review
In light of this discouraging new earnings information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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