Robin Vauth, Executive Vice President of International at Energizer Holdings, Inc. (NYSE:ENR), recently sold 1,978 shares of the company's common stock. The shares were sold at an average price of $35.97 each, amounting to a total transaction value of $71,148. This sale was made under a prearranged 10b5-1 trading plan, adopted on February 28, 2023.
Additionally, Vauth previously acquired 7,259 shares through the exercise of restricted stock units, which converted into common stock on a one-for-one basis. Following these transactions, Vauth holds 5,758 shares of Energizer common stock.
In other recent news, Energizer Holdings Inc. reported robust fourth-quarter results, surpassing analyst expectations. The company's net sales for the quarter were $805.7 million, slightly exceeding the consensus estimate. Energizer's adjusted earnings per share (EPS) were reported at $1.22, outperforming the projected $1.17. This performance was marked by growth in both of Energizer's business segments, accompanied by a 220 basis points expansion in adjusted gross margin.
Energizer's financial guidance for the fiscal year 2025 forecasts an organic revenue increase of 1% to 2%, with an adjusted EPS range of $3.45 to $3.65. These projections align closely with market expectations. The company also 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.
While Truist Securities reaffirmed a Buy rating on Energizer's shares, JPMorgan maintained its Underweight rating on the company. Both firms highlighted improved gross margins and reduced selling, general, and administrative expenses as key factors behind the better-than-expected earnings. These are the recent developments at Energizer Holdings Inc.
InvestingPro Insights
Recent data from InvestingPro sheds additional light on Energizer Holdings' financial position and market performance. The company's market capitalization stands at $2.45 billion, reflecting its significant presence in the consumer goods sector. Energizer's stock has shown strong momentum recently, with a notable 18.5% return over the last three months.
An InvestingPro Tip highlights that Energizer has been profitable over the last twelve months, which aligns with the company's ability to maintain executive compensation packages that include stock-based components, as seen in Robin Vauth's recent transactions. Additionally, the company's liquid assets exceed short-term obligations, suggesting a solid financial foundation.
Investors should note that Energizer's P/E ratio (adjusted) for the last twelve months as of Q3 2024 is 12.26, which is considerably lower than the current P/E ratio of 264.51. This discrepancy may indicate potential volatility in earnings or market expectations.
For those seeking a deeper analysis, InvestingPro offers 7 additional tips for Energizer Holdings, providing a more comprehensive view of the company's financial health and market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.