Energizer’s Adjusted Q4 Net Beats View; Revenue Misses (ENR)
Battery maker Energizer Holdings, Inc. (ENR) on Thursday posted mixed fourth quarter earnings results, as greater demand for its batteries in the wake of Superstorm Sandy wasn’t enough to drive its revenue past Wall Street’s view.
The St. Louis-based company reported fourth quarter net income of $129.8 million, or $2.07 per share, compared with $143.8 million, or $2.15 per share, in the year-ago period. Excluding one-time items, adjusted profit was $2.20 per share.
Revenue fell slightly from last year to $1.193 billion.
On average, Wall Street analysts expected a smaller profit of $2.15 per share, albeit on larger revenue of $1.21 billion.
Energizer shares were mostly flat in premarket trading Thursday. The stock has risen more than 12% in the past year.
The Bottom Line
Shares of Energizer currently offer a dividend yield of 1.81%, based on last night’s closing price of $88.25 and the company’s annualized dividend payout of $1.60 per share.
Energizer Holdings, Inc. (ENR) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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