Energizer Holdings, Inc. (NYSE:ENR) stock has surged to a 52-week high, reaching a price level of $39.21. This milestone reflects a significant uptrend in the company's market performance, underpinned by a robust 1-year return of 27.62% and an impressive six-month gain of 35.56%. According to InvestingPro analysis, the stock is currently trading at Fair Value levels, with a notable dividend yield of 3.15%. Investors have shown increased confidence in Energizer's growth prospects, propelling the stock to new heights over the past year. The company's strategic initiatives and strong brand presence in the battery and portable lighting market are likely contributing factors to this impressive price appreciation. With a GOOD financial health score and trading at an EV/EBITDA multiple of 10.2x, the company shows solid fundamentals. As Energizer continues to innovate and expand its product offerings, market watchers remain attentive to how the stock will perform in the coming months. InvestingPro subscribers have access to 12 additional exclusive tips about ENR's investment potential, including detailed insights on valuation and growth prospects.
In other recent news, Energizer Holdings Inc. has been the subject of several analyst reports. Canaccord Genuity maintained its hold rating on Energizer's shares but increased the price target to $36 from $32 following the company's fourth-quarter earnings report. JPMorgan upgraded Energizer stock from Underweight to Neutral, while Evercore ISI and Truist Securities reaffirmed their positive ratings. These changes were based on Energizer's improved sales prospects and expected steady performance in both revenue and earnings.
Energizer reported a strong fourth quarter with adjusted earnings per share of $1.22 and revenue of $805.7 million, surpassing analysts' expectations. 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. The company's future projections for fiscal year 2025 include an organic revenue increase of 1% to 2%, and an adjusted EPS range of $3.45 to $3.65.
In addition, 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. The company also plans to capitalize on the growing e-commerce sector, which already accounts for 20% of the U.S. market. These are some of the recent developments in Energizer Holdings Inc.
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