ST. LOUIS—Robin Vauth, Executive Vice President of International at Energizer Holdings, Inc. (NYSE:ENR), recently sold 4,070 shares of the company's common stock. The transaction, executed under a pre-arranged 10b5-1 trading plan, occurred on November 22, 2024. The shares were sold at an average price of $38.157, totaling approximately $155,298.
Following this sale, Vauth retains ownership of 9,827 shares in the company. The sale price was within a range from $37.985 to $38.325 per share, as per the SEC's guidelines for aggregate reporting of same-day transactions.
In other recent news, Energizer Holdings Inc. reported robust fourth-quarter results, surpassing analysts' expectations with adjusted earnings per share (EPS) of $1.22 and revenue of $805.7 million. For the full fiscal year 2024, Energizer reported an adjusted EPS of $3.32, a 7% increase from the previous fiscal year, despite a 2.5% decline in revenue to $2.89 billion. Looking forward to fiscal year 2025, Energizer expects an organic revenue increase of 1% to 2%, and an adjusted EPS range of $3.45 to $3.65.
Canaccord Genuity maintained its Hold rating on shares of Energizer but increased the price target to $36 from $32 following the company's earnings report. JPMorgan (NYSE:JPM) upgraded Energizer stock from Underweight to Neutral, while Evercore ISI and Truist Securities reaffirmed their positive ratings. The analyst firms acknowledge Energizer's effective earnings management but emphasize the need for stronger top-line growth for continued margin expansion.
In other developments, Energizer expects to see growth in battery sales consistent with household formation, setting a conservative target for fiscal year 2025 of 1% to 2% growth. The company also plans to capitalize on the growing e-commerce sector, which already accounts for 20% of the U.S. market. Energizer managed to reduce its net leverage to 4.9 times in fiscal 2024, aided by a $200 million debt pay down and adjusted EBITDA growth. These are some of the recent developments in Energizer Holdings Inc.
InvestingPro Insights
Energizer Holdings, Inc. (NYSE:ENR) has been experiencing significant momentum in the market, as evidenced by recent InvestingPro data. The company's stock has shown strong performance, with a 12.91% return in the past week and an impressive 26.7% return over the last three months. This upward trend aligns with the recent insider sale by Executive Vice President Robin Vauth.
InvestingPro Tips highlight that Energizer is trading near its 52-week high, with the current price at 97.68% of its peak. This strength is further underscored by the stock's significant return over the last week, suggesting robust investor confidence. Additionally, the company's valuation implies a strong free cash flow yield, which could be attractive to value-oriented investors.
It's worth noting that while the stock has shown strong returns, it is trading at a high Price / Book multiple of 20.28, indicating that investors are placing a premium on the company's assets. This valuation metric, combined with the InvestingPro Tip that the stock may be in overbought territory based on its RSI, suggests that potential investors should carefully consider their entry points.
For those interested in dividend income, Energizer offers a dividend yield of 3.13%, with the last ex-dividend date on August 22, 2024. This yield may be particularly appealing given the company's strong recent performance and the expectation that net income is projected to grow this year, according to another InvestingPro Tip.
Investors seeking a more comprehensive analysis can access additional insights through InvestingPro, which offers 13 more tips for Energizer Holdings, providing a deeper understanding of the company's financial health and market position.
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