Energizer Holdings is rated a buy, trading at 5.94x forward earnings versus its 5-year average of 9.20x. I expect ENR to re-rate as the market stops pricing in permanent impairment, supported by raised FY26 guidance and a clear path to low-40s gross margin by Q4. My probability-weighted target is $27 (+34%), with limited downside near $19.80, as trough multiples are already priced in.
Energizer (ENR) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Energizer (ENR) reported earnings 30 days ago. What's next for the stock?
ENR Q2 earnings beat on tariff refund gains and margin expansion, even as a y/y sales decline and volume pressures tied to timing and mix weigh on the results.
Energizer Holdings, Inc. (ENR) Q2 2026 Earnings Call Transcript
The headline numbers for Energizer (ENR) give insight into how the company performed in the quarter ended March 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Energizer Holdings (ENR) came out with quarterly earnings of $0.94 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.67 per share a year ago.
Energizer Holdings remains a 'buy' despite a 31.4% stock decline and near-term earnings headwinds. ENR's valuation is highly attractive versus peers, with management guiding for EBITDA of $580–$610M and adjusted EPS of $3.30–$3.60 in 2026. Organic revenue softness and margin pressure persist, but cost-cutting, tariff mitigation, and specialty battery growth offer medium-term upside.
Energizer (ENR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Energizer Holdings offers a compelling 6% dividend yield, but faces high leverage and stagnant growth prospects. ENR's net leverage stands at 5x, with limited organic growth and a dilutive auto care segment weighing on margins and strategy. Dividend coverage is currently sufficient, supported by improved free cash flow, though sustainability hinges on execution and potential strategic actions.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Energizer Holdings is downgraded to Hold due to disappointing earnings, persistent margin pressures, and uncertain growth prospects. Tariffs, rising input costs, and weak organic growth have eroded ENR's profitability despite recent acquisitions and cost-saving initiatives. ENR trades at a sub-7x PE, with a 5.14% dividend yield that appears sustainable but is overshadowed by high leverage and negative market sentiment.