Energizer Hldgs (NYSE:ENR) Stock, Quote.Headers.trade-ideas

Energizer Hldgs

Energizer Holdings Inc makes and distributes household batteries, specialty batteries, and lighting products. Energizer offers batteries using lithium, alkaline, carbon-zinc, nickel-metal hydride, zinc-air, and silver oxide technologies. These products are sold under the Energizer, Rayovac, Varta and Eveready brands at performance and premium price segments. It also offers auto care products in the appearance, fragrance, performance, and air conditioning recharge product categories. The company operates in two geographical segments: Americas and International, of which the majority of its revenue is derived from the Americas segment.

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Energizer Holdings is poised to benefit from growth in the battery category and U.S. consumer spending.

Energizer Is Ready For A Return To Growth, &#39;Stability,&#39; Says Bullish Analyst

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Energizer Holdings Inc. (NYSE: ENR) demonstrates robust financial and operational performances, marked by significant progress in debt reduction.

Energizer&#39;s Debt Reduction Aids Amid Soft Battery Unit

Energizer Holdings Inc

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Energizer Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENR#NYSE">ENR</a>) shares were <a href="https://www.benzinga.com/quote/ENR">climbing in early trading on Tuesday</a>. 
The company is poised to benefit from a "return to stability" in the battery category and the U.S. consumer was "healthy," according to Truist Securities.
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/6001c7a72bbc2200013493df/bill-chappell">Analyst Bill Chappell</a> upgraded the rating for Energizer Holdings from Hold to Buy, while raising the price target from $30 to $40.
The Energizer Holdings Thesis: The consumer battery category, which had been under pressure due to stiff competition and the proliferation of smartphones with rechargeable batteries, is poised to benefit from GDP growth and "strong visibility into consumer demand growth," Chappel said in the upgrade note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
"ENR YoY battery sales, excluding FX, have gone from (3.1%) in F3Q23 to +0.4% in F3Q24 and we expect YOY growth to continue for the foreseeable future," he further wrote.
Recent commentary from Target and Walmart "indicate that U.S. consumer spending is steady," which supports sentiment for Energizer's ability to return to growth, the analyst stated.
"ENR trades at a meaningful discount to its consumer staples peers," Chappel said, "The positive attributes of the story will become more apparent in the coming months and the risk/reward at current levels is highly compelling," he added.
ENR Price Action: Shares of Energizer Holdings had risen by 6.85% to $32.44 at the time of publication on Tuesday.
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Photo: Hasim Ramle via Shutterstock

Energizer Is Ready For A Return To Growth, 'Stability,' Says Bullish Analyst

U.S. stocks were mixed, with the Dow Jones index falling around 0.1% on Tuesday.
Shares of The Hain Celestial Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAIN#NASDAQ">HAIN</a>) shares gained 34.2% to $9.16 after the company reported better-than-expected fourth-quarter adjusted EPS results.
The company reported fourth quarter adjusted earnings per share of 13 cents, beating the analyst consensus estimate of 8 cents. Quarterly revenues of $418.80 million missed the street view of $421.2 million.
Hain Celestial shares jumped 34.2% to $9.16 on Tuesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>ClearPoint Neuro, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLPT#NASDAQ">CLPT</a>) jumped 12.1% to $13.11. ClearPoint Neuro announced early repayment of $10 million note.</li>
<li>Trip.com Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCOM#NASDAQ">TCOM</a>) gained 8.6% to $45.98 following second-quarter financial results.</li>
<li>Evotec SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVO#NASDAQ">EVO</a>) gained 7.1% to $3.77.</li>
<li>Stardust Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SDST#NASDAQ">SDST</a>) climbed 6.7% to $8.55.</li>
<li>Ryanair Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RYAAY#NASDAQ">RYAAY</a>) rose 5.5% to $110.01.</li>
<li>Soleno Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNO#NASDAQ">SLNO</a>) surged 5.5% to $48.65. Soleno Therapeutics announced FDA acceptance for filing and priority review of its NDA for DCCR extended-release tablets for Prader-Willi Syndrome.</li>
<li>Energizer Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENR#NYSE">ENR</a>) gained 5.3% to $31.94 after Truist Securities upgraded the stock from Hold to Buy and raised its price target form $30 to $40.</li>
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WIIM

Energizer Holdings shares are trading higher after Truist Securities upgraded the stock from Hold to Buy and raised its price target form $30 to $40.

Truist Securities analyst Bill Chappell upgrades Energizer Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENR#NYSE">ENR</a>) from Hold to Buy and raises the price target from $30 to $40.

Truist Securities Upgrades Energizer Hldgs to Buy, Raises Price Target to $40

JP Morgan analyst Andrea Teixeira maintains Energizer Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENR#NYSE">ENR</a>) with a Underweight and raises the price target from $28 to $29.

JP Morgan Maintains Underweight on Energizer Hldgs, Raises Price Target to $29

RBC Capital analyst Nik Modi reiterates Energizer Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENR#NYSE">ENR</a>) with a Sector Perform and maintains $38 price target.

Reiteration

RBC Capital Reiterates Sector Perform on Energizer Hldgs, Maintains $38 Price Target

Evercore ISI Group analyst Robert Ottenstein maintains Energizer Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENR#NYSE">ENR</a>) with a Outperform and lowers the price target from $42 to $40.

Evercore ISI Group Maintains Outperform on Energizer Hldgs, Lowers Price Target to $40

Guidance

Energizer Holdings Sees FY24 Adjusted EBITDA Of $610M-$620M With Adjusted Earnings Per Share Of $3.20-$3.30 Vs. $3.2 Estimate; Company Sees Q4 Adjusted Earnings Per Share To Be In The Range Of $1.10-$1.20 Vs. $1.23 Estimate

Energizer Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENR#NYSE">ENR</a>) reported quarterly earnings of $0.79 per share which beat the analyst consensus estimate of $0.67 by 17.91 percent. This is a 46.3 percent increase over earnings of $0.54 per share from the same period last year. The company reported quarterly sales of $701.40 million which missed the analyst consensus estimate of $706.23 million by 0.68 percent. This is a 0.29 percent increase over sales of $699.40 million the same period last year.

Earnings Beats

Earnings Misses

Energizer Hldgs Q3 Adj $0.79 Beats $0.67 Estimate, Sales $701.40M Miss $706.23M Estimate

JP Morgan analyst Andrea Teixeira maintains Energizer Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENR#NYSE">ENR</a>) with a Underweight and lowers the price target from $29 to $28.

JP Morgan Maintains Underweight on Energizer Hldgs, Lowers Price Target to $28

Providing a diverse range of perspectives from bullish to bearish, 6 analysts have published ratings on Energizer Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENR#NYSE">ENR</a>) in the last three months.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $31.5, a high estimate of $33.00, and a low estimate of $30.00. Observing a downward trend, the current average is 2.57% lower than the prior average price target of $32.33. 
<img src="https://www.benzinga.com/files/images/story/2024/1721408468_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Energizer Hldgs. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Lauren Lieberman</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$32.00</td>
<td>$31.00</td>
</tr>
<tr>
<td>Lauren Lieberman</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$31.00</td>
<td>$32.00</td>
</tr>
<tr>
<td>Dara Mohsenian</td>
<td>Morgan Stanley</td>
<td>Maintains</td>
<td>Equal-Weight</td>
<td>$33.00</td>
<td>$33.00</td>
</tr>
<tr>
<td>Brian McNamara</td>
<td>Canaccord Genuity</td>
<td>Lowers</td>
<td>Hold</td>
<td>$32.00</td>
<td>$33.00</td>
</tr>
<tr>
<td>Peter Grom</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$31.00</td>
<td>$30.00</td>
</tr>
<tr>
<td>Bill Chappell</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$30.00</td>
<td>$35.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Energizer Hldgs. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Energizer Hldgs compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Energizer Hldgs's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Energizer Hldgs's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/ENR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Energizer Hldgs analyst ratings.</a>
<h2>Unveiling the Story Behind Energizer Hldgs</h2>
Energizer Holdings Inc makes and distributes household batteries, specialty batteries, and lighting products. Energizer offers batteries using lithium, alkaline, carbon-zinc, nickel-metal hydride, zinc-air, and silver oxide technologies. These products are sold under the Energizer, Rayovac, Varta and Eveready brands at performance and premium price segments. It also offers auto care products in the appearance, fragrance, performance, and air conditioning recharge product categories. The company operates in two geographical segments: Americas and International, of which the majority of its revenue is derived from the Americas segment.
<h3>Energizer Hldgs: Financial Performance Dissected</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Negative Revenue Trend: Examining Energizer Hldgs's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -3.04% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Staples sector.
Net Margin: Energizer Hldgs's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 4.88%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Energizer Hldgs's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 17.91%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Energizer Hldgs's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.74%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Energizer Hldgs's debt-to-equity ratio surpasses industry norms, standing at 17.43. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>How Are Analyst Ratings Determined?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Decoding 6 Analyst Evaluations For Energizer Hldgs

Barclays analyst Lauren Lieberman maintains Energizer Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENR#NYSE">ENR</a>) with a Overweight and raises the price target from $31 to $32.

Barclays Maintains Overweight on Energizer Hldgs, Raises Price Target to $32

Energizer Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/enr#NYSE">ENR</a>) demonstrates robust financial and operational performances, marked by significant progress in debt reduction. The company&#39;s strategic initiatives, including the cost-effective measures under Project Momentum, have significantly bolstered profitability, particularly in the Auto Care sector. 
Despite mixed results in product performance, Energizer&#39;s forward-looking strategies, involving market expansion, enhanced digital capabilities and innovation, position it well for sustained growth. As the company continues to optimize its operational efficiencies and explore market opportunities, it remains a compelling prospect for investors looking for stability and strategic growth in their portfolios.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/9a/69467.jpg?v=654798813" /> 
Image Source: Zacks Investment Research
<h3>Digging Deeper</h3>
The company&#39;s performance highlights robust financial health, reflecting a sound strategy that can adapt and outperform under various market conditions. Over the second quarter, Energizer succeeded in paying down more than $60 million in debt, with a projected leverage decrease to below 5X by fiscal 2024. 
Over the past seven quarters, Energizer has reduced its debt by $425 million and decreased its leverage by nearly one turn. The company&#39;s debt structure remains strong, with a weighted average cost of debt at 4.6% and no significant debt maturities until 2027. This strategic reduction in debt is crucial, not just for improving the balance sheet but also for enhancing the company&#39;s attractiveness to investors looking for financially stable opportunities. 
Energizer is actively expanding its growth strategy through innovation and strategic market expansions. The company is enhancing its e-commerce and digital infrastructure to better capture growth online across various markets, which is a strategic move considering the increasing shift toward online shopping. 
Alongside this, Energizer is leveraging advanced data analytics for improved pricing and revenue management, expanding brand visibility and probing strategic opportunities in attractive international markets. These initiatives are designed not just to bolster the current performance but to position Energizer strategically for future market dynamics. 
For third-quarter 2024, Energizer&#39;s projections remain bullish, with 1% anticipated year-over-year growth in organic net sales and a 150-basis-point improvement in the gross margin. The company expects adjusted earnings per share to increase 20% at the mid-point of its guidance range. These projections reflect a confident outlook based on the company&#39;s ongoing strategic initiatives and previous successes.
<h3>Project Momentum Strategy Bodes Well</h3>
Central to Energizer&#39;s cost-management strategy is its initiative, Project Momentum, which has become a cornerstone of operational efficiency. As of the second quarter of 2024, this initiative has realized nearly $100 million in cost savings. Also, the adjusted gross margin expanded 260 basis points, reaching 40.5% in the second quarter. This increase was primarily driven by Project Momentum, which contributed $11 million to savings, along with lower input costs due to favorable commodity pricing and reduced ocean freight costs. 
These savings have translated into a significant profitability improvement, especially within the Auto Care segment, which saw a 600-basis-point year over year expansion in segmental profit. The disciplined approach to cost management through Project Momentum underscores Energizer&#39;s capability to sustain margin improvements and financial health, which are vital for catalyzing growth. The company anticipates total savings from this program between $160 million and $180 million over three years, with expected savings of $55-$65 million for fiscal 2024.
<h3>Wrapping up</h3>
Despite these positive developments, Energizer&#39;s Batteries &amp; Lights segment faced challenges, with revenues decreasing 4.9% year over year to $481 million in the fiscal second quarter. This segment also encountered competitive pressures from private labels, highlighting ongoing challenges despite broader efforts to stabilize and regain market strength. This Zacks Rank #3 (Hold) company&#39;s shares have lost 7.4% in the past six months compared with the industry&#39;s decline of 0.4%. 
However, the company&#39;s proactive initiatives and strong financial management position it well for success.
<h3>Key Picks</h3>
Some better-ranked stocks are Freshpet Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/frpt#NASDAQ">FRPT</a>), Vital Farms Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vitl#NASDAQ">VITL</a>) and Ingredion Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ingr#NYSE">INGR</a>). 
Freshpet is a pet food company. It flaunts a Zacks Rank #1 (Strong Buy) at present. 
The Zacks Consensus Estimate for Freshpet&#39;s current fiscal-year earnings and sales indicates declines of 177.1% and 24.8%, respectively, from the year-ago reported figures. FRPT has a trailing four-quarter average earnings surprise of 118.2%. 
Vital Farms offers a range of produced pasture-raised foods. It currently sports a Zacks Rank #1. 
The Zacks Consensus Estimate for Vital Farms&#39;s current financial-year earnings and sales indicates declines of 59.3% and 22.5%, respectively, from the year-ago reported figures. VITL has a trailing four-quarter average earnings surprise of 102.1%. 
Ingredion serves diverse sectors in food, beverage, brewing, pharmaceuticals and other industries. It presently has a Zacks Rank of 2 (Buy). INGR has a trailing four-quarter average earnings surprise of 10.1%. 
The Zacks Consensus Estimate for Ingredion&#39;s current fiscal-year earnings indicates growth of 3.6% from the prior-year actual.
<a href="https://www.zacks.com/stock/news/2293028/energizer-s-enr-debt-reduction-aids-amid-soft-battery-unit?cid=CS-BENZ-FT-analyst_blog|rank_focused-2293028">To read this article on Zacks.com click here.</a>

Energizer's Debt Reduction Aids Amid Soft Battery Unit

Energizer Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/enr#NYSE">ENR</a>) is actively implementing strategic initiatives aimed at promoting sustainable growth and profitability. These initiatives span across various domains, including consumer engagement and pricing strategies, all designed to enhance brand loyalty and increase market share without compromising margins. 
A pivotal element of these strategies is the Project Momentum initiative, which concentrates on cost-saving measures and operational efficiencies to support margin expansion and long-term value creation. To date, Project Momentum has surpassed its objectives, generating approximately $100 million in total savings, with $20 million achieved in the second quarter of fiscal 2024 alone. 
These savings have been instrumental in facilitating margin expansion and earnings growth. Energizer anticipates total savings from this program between $160 million and $180 million over three years, with expected savings of $55-$65 million for fiscal 2024.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/9a/68467.jpg?v=1257247150" /> 
Image Source: Zacks Investment Research
The Auto Care segment has emerged as a significant growth driver for Energizer, with revenues increasing 2.3% year over year to $182.3 million in the second quarter of fiscal 2024. This segment experienced an impressive 600-basis-point expansion in segmental profit, driven by innovative product offerings, effective marketing strategies and strategic distribution channels. 
In the second quarter of fiscal 2024, Energizer demonstrated notable improvement in its financial metrics. The adjusted gross margin expanded 260 basis points, reaching 40.5%. This increase was primarily driven by Project Momentum, which contributed $11 million to savings, along with lower input costs due to favorable commodities pricing and reduced ocean freight costs.
<h3>Robust Debt Reduction Strategy</h3>
Energizer has implemented a robust debt reduction strategy, reflecting its commitment to strengthening its financial position and enhancing shareholder value. In the fiscal second quarter alone, the company paid down $60 million in debt. 
Over the past seven quarters, Energizer has reduced its debt by $425 million and decreased its leverage by nearly one turn. The company&#39;s debt structure remains strong, with a weighted average cost of debt at 4.6% and no significant debt maturities until 2027.
<h3>Challenges in the Batteries &amp; Lights Segment</h3>
Despite these positive developments, Energizer&#39;s Batteries &amp; Lights segment faced challenges, with revenues decreasing 4.9% year over year to $481 million in the fiscal second quarter. This segment also encountered competitive pressures from private labels, highlighting ongoing challenges despite broader efforts to stabilize and regain market strength.
<h3>Zacks Rank &amp; Estimates</h3>
This Zacks Rank #3 (Hold) company&#39;s shares have lost 1.6% in the past three months against the industry&#39;s growth of 1.8%. 
The Zacks Consensus Estimate of current and next quarters&#39; sales is pegged at $705.1 million and $817.9 million, respectively, suggesting year-over-year growth of 0.8% each. Also, the Zacks Consensus Estimate for current and next-quarter earnings is pegged at 66 cents and $1.25 per share, respectively, indicating year-over-year increases of 22.2% and 4.2%.
<h3>Wrapping up</h3>
Energizer Holdings is strategically navigating toward sustainable growth through a comprehensive approach that emphasizes operational efficiency, cost savings and debt reduction. While the company faces challenges in certain segments, its proactive initiatives and strong financial management position it well for success.Key Picks
Some better-ranked stocks are Freshpet Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/frpt#NASDAQ">FRPT</a>), Vital Farms Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vitl#NASDAQ">VITL</a>) and Ingredion Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ingr#NYSE">INGR</a>). 
Freshpet is a pet food company. It flaunts a Zacks Rank #1 (Strong Buy) at present. 
The Zacks Consensus Estimate for Freshpet&#39;s current fiscal-year earnings and sales indicates declines of 177.1% and 24.8%, respectively, from the year-ago reported figures. FRPT has a trailing four-quarter average earnings surprise of 118.2%. 
Vital Farms offers a range of produced pasture-raised foods. It currently sports a Zacks Rank #1. 
The Zacks Consensus Estimate for Vital Farms&#39;s current financial-year earnings and sales indicates declines of 59.3% and 22.5%, respectively, from the year-ago reported figures. VITL has a trailing four-quarter average earnings surprise of 102.1%. 
Ingredion serves diverse sectors in food, beverage, brewing, pharmaceuticals and other industries. It currently has a Zacks Rank of 2 (Buy). INGR has a trailing four-quarter average earnings surprise of 10.1%. 
The Zacks Consensus Estimate for Ingredion&#39;s current fiscal-year earnings indicates growth of 3.6% from the prior-year actuals.
<a href="https://www.zacks.com/stock/news/2286236/energizer-s-enr-auto-care-unit-aids-amid-battery-unit-hurdles?cid=CS-BENZ-FT-analyst_blog|rank_focused-2286236">To read this article on Zacks.com click here.</a>

Energizer's Auto Care Unit Aids Amid Battery Unit Hurdles

During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a> .
Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer staples sector.
<h3 class="wp-block-heading">Altria Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MO#NYSE">MO</a>)</h3>
<ul>
<li>Dividend Yield: 8.46%</li>
<li>Stifel analyst Matthew Smith reiterated a Buy rating with a price target of $50 on March 25. This analyst has an accuracy rate of 65%.</li>
<li>Morgan Stanley analyst Pamela Kaufman reiterated an Equal-Weight rating with a price target of $45 on July 18, 2023. This analyst has an accuracy rate of 68%.</li>
<li>Recent News: On April 25, Altria Group reported a first-quarter FY24 sales decline of 2.5% year-on-year to $5.58 billion, beating the analyst consensus estimate of $4.71 billion.</li>
</ul>
<h3 class="wp-block-heading">Philip Morris International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>)</h3>
<ul>
<li>Dividend Yield: 5.19%</li>
<li>Stifel analyst Matthew Smith maintained a Buy rating and boosted the price target from $108 to $115 on April 24. This analyst has an accuracy rate of 65%.</li>
<li>Argus Research analyst David Colemandowngraded the stock from Buy to Hold on March 5. This analyst has an accuracy rate of 62%.</li>
<li>Recent News: On April 23, Philip Morris International reported first-quarter FY24 sales growth of 9.7% year-on-year to $8.793 billion, beating the analyst consensus estimate of $8.468 billion..</li>
</ul>
<h3 class="wp-block-heading">Energizer Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENR#NYSE">ENR</a>)</h3>
<ul>
<li>Dividend Yield: 3.95%</li>
<li>Barclays analyst Lauren Lieberman maintained an Overweight rating and cut the price target from $32 to $31 on May 9. This analyst has an accuracy rate of 62%.</li>
<li>Morgan Stanley analyst Dara Mohsenian upgraded the stock from Underweight to Equal-Weight with a price target of $33 on May 8. This analyst has an accuracy rate of 74%.</li>
<li>Recent News: On May 7, Energizer Hldgs posted better-than-expected quarterly earnings.</li>
</ul>
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Barclays analyst Lauren Lieberman maintains Energizer Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENR#NYSE">ENR</a>) with a Overweight and lowers the price target from $32 to $31.

Barclays Maintains Overweight on Energizer Hldgs, Lowers Price Target to $31

Canaccord Genuity analyst Brian McNamara maintains Energizer Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENR#NYSE">ENR</a>) with a Hold and lowers the price target from $33 to $32.

Canaccord Genuity Maintains Hold on Energizer Hldgs, Lowers Price Target to $32

Energizer Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENR#NYSE">ENR</a>) has been analyzed by 4 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Energizer Hldgs, revealing an average target of $31.5, a high estimate of $33.00, and a low estimate of $30.00. Observing a downward trend, the current average is 6.44% lower than the prior average price target of $33.67. 
<img src="https://www.benzinga.com/files/images/story/2024/1715184023_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The standing of Energizer Hldgs among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Peter Grom</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$31.00</td>
<td>$30.00</td>
</tr>
<tr>
<td>Bill Chappell</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$30.00</td>
<td>$35.00</td>
</tr>
<tr>
<td>Dara Mohsenian</td>
<td>Morgan Stanley</td>
<td>Maintains</td>
<td>Equal-Weight</td>
<td>$33.00</td>
<td>-</td>
</tr>
<tr>
<td>Lauren Lieberman</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$32.00</td>
<td>$36.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Energizer Hldgs. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Energizer Hldgs compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Energizer Hldgs's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into Energizer Hldgs's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/ENR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Energizer Hldgs analyst ratings.</a>
<h2>Delving into Energizer Hldgs's Background</h2>
Energizer Holdings Inc makes and distributes household batteries, specialty batteries, and lighting products. Energizer offers batteries using lithium, alkaline, carbon-zinc, nickel-metal hydride, zinc-air, and silver oxide technologies. These products are sold under the Energizer, Rayovac, Varta and Eveready brands at performance and premium price segments. It also offers auto care products in the appearance, fragrance, performance, and air conditioning recharge product categories. The company operates in two geographical segments: Americas and International, of which the majority of its revenue is derived from the Americas segment.
<h3>Financial Insights: Energizer Hldgs</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Energizer Hldgs's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately -6.34%. This indicates a decrease in the company's top-line earnings. When compared to others in the Consumer Staples sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Energizer Hldgs's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 0.27%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Energizer Hldgs's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 1.0%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Energizer Hldgs's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.04%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Energizer Hldgs's debt-to-equity ratio stands notably higher than the industry average, reaching 20.03. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>How Are Analyst Ratings Determined?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Analyst Verdict: Energizer Hldgs In The Eyes Of 4 Experts

UBS analyst Peter Grom maintains Energizer Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENR#NYSE">ENR</a>) with a Neutral and raises the price target from $30 to $31.

UBS Maintains Neutral on Energizer Hldgs, Raises Price Target to $31

Truist Securities analyst Bill Chappell maintains Energizer Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENR#NYSE">ENR</a>) with a Hold and lowers the price target from $35 to $30.

Truist Securities Maintains Hold on Energizer Hldgs, Lowers Price Target to $30

Energizer Q3 2024 Earnings Preview

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Barclays analyst Lauren Lieberman maintained a Buy rating on Energizer Holdings (ENR – Research Report) today and set a price target of $32.00. The...

Barclays Reaffirms Their Buy Rating on Energizer Holdings (ENR)

Energizer Non-GAAP EPS of $0.79 beats by $0.11, revenue of $701.4M misses by $3.43M

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Energizer Hldgs (NYSE:<a href="https://investorplace.com/stock-quotes/enr-stock-quote/">ENR</a>) just reported results for the third quarter of 2024.<ul><li>Energizer Hldgs reported earnings per share of 79 cents. This was above the analyst estimate for EPS of 67 cents.</li><li>The company reported revenue of $701.40 million.</li><li>This was 0.68% worse than the analyst estimate for revenue of $706.23 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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									</ul>The post <a href="https://investorplace.com/earning-results/2024/08/enr-stock-earnings-energizer-hldgs-for-q3-of-2024/">ENR Stock Earnings: Energizer Hldgs Beats EPS, Misses Revenue for Q3 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

ENR Stock Earnings: Energizer Hldgs Beats EPS, Misses Revenue for Q3 2024

Energizer Holdings, Inc. 2024 Q3 - Results - Earnings Call Presentation

Energizer Holdings, Inc. (ENR) Q3 2024 Earnings Call Transcript

In a report released today, Dara Mohsenian from Morgan Stanley maintained a Hold rating on Energizer Holdings (ENR – Research Report), with a price...

Morgan Stanley Sticks to Their Hold Rating for Energizer Holdings (ENR)

Energizer - Stabilizing, But Far From Energized.

Energizer: Stabilizing, But Far From Energized

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Energizer Hldgs

Energizer Hldgs (ENR) Forecast

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