Energizer Holdings (ENR) came out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $1.17 per share. This compares to earnings of $1.20 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.27%. A quarter ago, it was expected that this battery and personal care products company would post earnings of $0.67 per share when it actually produced earnings of $0.79, delivering a surprise of 17.91%.Over ...

Financial Performance - Fiscal 2024 net sales were $2,887.0 million, a decrease of 2.5% compared to the previous year, with fourth quarter net sales at $805.7 million, down 0.7%[6] - Adjusted EBITDA for fiscal 2024 was $612.4 million, reflecting a year-over-year increase, while adjusted earnings per share rose to $3.32, a 7% increase on an adjusted basis[15] - Gross margin for fiscal 2024 was 38.3%, with an adjusted gross margin of 40.9%, up 190 basis points from the prior year, driven by Project Momentum initiatives[9] - Net earnings for the quarter were $47.6 million, compared to $19.7 million in the same quarter of 2023, representing a significant increase of 141.6%[36] - Basic net earnings per share for the quarter were $0.66, up from $0.28 in the prior year, reflecting a growth of 135.7%[36] - Net earnings for the twelve months ended September 30, 2024, were $38.1 million, a decrease of 72.9% from $140.5 million in the previous year[65] - Adjusted diluted net earnings per common share for the twelve months were $3.32, a 7.4% increase from $3.09 in the prior year[65] Cash Flow and Debt Management - Operating cash flow for fiscal 2024 was $429.6 million, with free cash flow representing 11.7% of net sales[21] - The company reduced net leverage to 4.9 times in fiscal 2024, down from 5.2 times in the previous year, following a $200 million debt pay down[23] - Total debt as of September 30, 2024, was reported at $3,207.7 million, a decrease from $3,352.6 million as of September 30, 2023[73] - Net debt as of September 30, 2024, was $2,990.8 million, down from $3,129.3 million year-over-year, indicating improved leverage[73] Expenses and Cost Management - SG&A expenses for fiscal 2024 were $473.1 million, or 16.4% of net sales, an increase from 15.5% in the prior year, primarily due to higher labor and benefit costs[13] - Advertising and promotion expenses were 5.0% of net sales for fiscal 2024, up from 4.8% in the previous year[14] - Reported SG&A expenses for Q4'24 were $146.1 million, representing 18.1% of net sales, compared to 16.6% in Q4'23[71] - The company incurred restructuring and related costs of $21.2 million in Q4'24, compared to $17.4 million in Q4'23[71] Acquisitions and Investments - Two acquisitions were completed in fiscal 2024, totaling $22.2 million, including a battery manufacturing facility and an Auto Care manufacturer in Brazil[22] - Capital expenditures for the quarter were $97.9 million, compared to $56.8 million in the previous year, indicating a significant increase in investment[44] Segment Performance - Net sales for Batteries & Lights in FY '24 were $2,259.5 million, a decrease of 3.6% compared to the prior year[69] - Auto Care segment net sales increased by 2.1% to $627.5 million in FY '24[69] - Segment profit for Batteries & Lights increased to $179.5 million from $176.8 million year-over-year, while Auto Care segment profit rose to $20.0 million from $17.6 million[59] - The company reported a segment profit of $94.1 million for Auto Care in FY '24, a 25.5% increase compared to the prior year[69] Future Outlook - The company expects organic revenue growth of 1% to 2% for fiscal 2025, with adjusted EBITDA projected between $625 million and $645 million[27] - The company projects net earnings for FY 2025 to be between $194 million and $221 million, with an expected EPS range of $2.65 to $3.02[75] - EBITDA for FY 2025 is forecasted to be between $520 million and $563 million, reflecting a positive outlook for operational performance[75] - The company anticipates continued focus on market expansion and new product development in the upcoming quarters[72]

Wall Street analysts forecast that Energizer Holdings (ENR) will report quarterly earnings of $1.17 per share in its upcoming release, pointing to a year-over-year decline of 2.5%. It is anticipated that revenues will amount to $809.32 million, exhibiting a decline of 0.2% compared to the year-ago quarter.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course ...

Energizer Holdings Inc. (ENR) has demonstrated strong upward momentum, trading above its 200-day and 50-day simple moving averages (SMA). SMA is a key indicator of price stability and long-term bullish trends. ENR closed yesterday's trading session at $31.71, ahead of its 200-day and 50-day SMA of $29.39 and $30.13, respectively. This technical strength, along with sustained momentum, reflects positive market sentiment and investor confidence in ENR's financial health and growth prospects. Shares of the com ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on ke ...

Energizer Holdings Inc. (ENR) appears to be an attractive value investment, trading at a forward 12-month price-to-earnings (P/E) ratio of 8.22, significantly lower compared with the industry's average of 18.91. This indicates that ENR is undervalued relative to its industry peers, offering potential upside for investors. ENR's strong Value Score of A further highlights its appeal as a potential investment, underscoring its affordability and attractiveness in terms of valuation. For value-focused investors, ...

Core Insights - Zacks Premium provides tools for investors to enhance their stock market strategies, including daily updates on Zacks Rank and Industry Rank, research reports, and stock screens [1][2] Zacks Style Scores - Zacks Style Scores rate stocks using an alphabetic system (A to F) based on value, growth, and momentum, helping investors identify stocks likely to outperform the market [3][4] - The Value Score focuses on identifying undervalued stocks using financial ratios like P/E and Price/Sales [3] - The Growth Score emphasizes a company's financial health and future growth potential, analyzing earnings and cash flow [4] - The Momentum Score assesses price trends and earnings estimates to identify stocks with upward momentum [4] - The VGM Score combines all three Style Scores, providing a comprehensive indicator for stock selection [5] Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to guide investors in building successful portfolios [6] - Stocks rated 1 (Strong Buy) have historically produced an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [7] - There are over 800 top-rated stocks available, making it essential for investors to utilize Style Scores for effective selection [8] Investment Strategy - For optimal returns, investors should focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [9] - Stocks with a 3 (Hold) rank should also have A or B Scores to maximize upside potential [9] - The direction of earnings estimate revisions is crucial; stocks with lower ranks (e.g., 4 or 5) may still have good Style Scores but are likely to decline in price [10] Company Spotlight: Energizer Holdings - Energizer Holdings Inc. is a leading manufacturer of batteries and lighting products, holding a 1 (Strong Buy) Zacks Rank and a VGM Score of A [11] - The company has a Momentum Style Score of A, with a 0.2% increase in shares over the past four weeks and upward revisions in earnings estimates for fiscal 2024 [12] - The Zacks Consensus Estimate for Energizer's earnings has risen by $0.05 to $3.27 per share, with an average earnings surprise of 8.5% [12]

Core Viewpoint - Energizer Holdings reported mixed results for Q3 fiscal 2024, with adjusted earnings exceeding estimates while net sales fell short, indicating potential challenges ahead despite year-over-year growth in both metrics [2][3]. Financial Performance - Adjusted earnings per share were 79 cents, surpassing the Zacks Consensus Estimate of 67 cents, and reflecting a 46.3% increase from the previous year [3]. - Net sales reached $701.4 million, slightly below the Zacks Consensus Estimate of $705 million, but up 0.3% year-over-year [3]. - Organic sales increased by 1.2% year-over-year in Q3 [3]. Segment Performance - The Battery & Lights segment saw a revenue decline of 0.4% to $509.1 million, but segment profit rose 6.2% to $129.4 million [6]. - The Auto Care segment's revenues increased by 2.2% to $192.3 million, with segment profit surging 54% to $26.8 million [6]. Margin Analysis - Adjusted gross margin expanded by 270 basis points to 41.5%, driven by Project Momentum savings of approximately $14 million and reduced input costs [7]. - Adjusted SG&A expenses rose 4.5% year-over-year to $118.4 million, influenced by higher labor costs and increased travel expenses, although mitigated by savings from Project Momentum [8]. Cash Flow and Debt - As of June 30, 2024, cash and cash equivalents stood at $146.7 million, with long-term debt at $3.21 billion [9]. - The company paid down $150 million of debt during the fiscal third quarter, resulting in a net debt to adjusted EBITDA ratio of 5x [9]. Future Outlook - For fiscal 2024, Energizer anticipates organic revenues to decline by approximately 2%, with adjusted EBITDA projected between $610 million and $620 million [10]. - The company expects adjusted earnings per share to range from $3.20 to $3.30, with gross margin improvements of over 150 basis points year-over-year [10]. - For the fiscal fourth quarter, organic revenues are expected to be flat, with adjusted earnings per share anticipated between $1.10 and $1.20 [11]. Market Position - Despite recent downward revisions in estimates, Energizer holds a Zacks Rank 1 (Strong Buy), indicating expectations for above-average returns in the coming months [14]. - The company has a strong VGM Score of A, reflecting favorable growth and value metrics [13].

Energizer Holdings Inc. (ENR) has developed a comprehensive strategic vision to achieve sustainable growth and profitability. This plan focuses on enhancing consumer engagement, expanding market presence, driving innovation, reducing debt and improving operational efficiency. The company's initiatives, such as Project Momentum, underline its commitment to improving margins and strengthening its financial position. By staying agile in a competitive market, Energizer is well-positioned to navigate challenges ...

Energizer Holdings Inc ENR shares were climbing in early trading on Tuesday. 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. Analyst Bill Chappell 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 smartph ...