| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 87 | 18.1x | 17.8x | Top tier | |
Growth | 13 | 2.2% | 7.1% | Bottom tier | |
Quality | 83 | 8.0% | 4.5% | Top tier | |
Safety | 29 | 7.3x | 2.6x | Bottom tier | |
Capital Return | 42 | 6.03% | 2.12% | Around median | |
Momentum | 35 | -23.2% | 2.9% | Bottom tier | |
Sentiment | 90 | 4 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Energizer Holdings operates through two main portfolios, Batteries & Lights and Auto Care, and its revenue-generating capacity is based on selling its branded products across multiple retail channels and pack sizes. The company is expanding distribution, launching innovations, and transitioning APS sales to the branded Energizer portfolio, while using Project Momentum to simplify its cost structure and increase operational flexibility.
In fiscal Q3 2026, revenue was $734.1 million, gross profit was $280.6 million, net income was $39.9 million, and earnings per share were $0.58. This equates to a gross margin of approximately 38.2%, compared with about 40.2% in fiscal Q2 2026 and about 32.9% in fiscal Q1 2026, consistent with management's statement that the margin improved by more than 430 basis points from first-quarter levels.
Both Batteries & Lights and Auto Care recorded organic growth in fiscal Q3 2026, but weakness in the battery category limited overall revenue momentum. In the United States, Energizer's sales value rose 1.8% and volume increased 5% despite category contraction, and management said the company gained value and volume share globally due to distribution, execution, innovation, and the breadth of its portfolio across premium and value products.
The analyst consensus on ENR is "Neutral," with an average price target of $20, a high of $23, and a low of $18. The average target is about 34% below the 52-week range high of $30.29, while the low target is close to the range low of $15.75; this distribution reflects a balance between margin and cash flow recovery and the battery category slowdown and reduced organic growth outlook.
Figures in the text are as of 2026-09-01; the live price is shown at the top of the page.
Revenue was $734.1 million, gross profit was $280.6 million, and net income was $39.9 million in fiscal Q3 2026. Earnings per share were $0.58, while the calculated gross margin reached about 38.2%. Both Batteries & Lights and Auto Care also achieved organic growth, despite moderating consumer demand.
In May 2026, management expected organic growth of approximately 4% in the second half of fiscal 2026, then lowered it on August 4, 2026, to a range of flat to 1%. The revision was primarily due to the battery category weakening by 200 to 300 basis points relative to previous expectations amid continued consumer caution. Management said category weakness accelerated during the quarter, so it did not assume a meaningful recovery during the remainder of fiscal 2026.
Management's data indicates the opposite during fiscal Q3 2026; the company's U.S. sales value rose 1.8% and volume increased 5% despite category contraction. Energizer also recorded global gains in value and volume share. Management attributed this performance to expanded distribution, improved execution, innovation, and the breadth of the portfolio across premium and value products.
Automated analysis for informational purposes only — not investment advice.
Gross margin improved by more than 430 basis points from fiscal Q1 2026 levels, and management expects it to exceed 40% in the fourth quarter. Capital expenditures are expected to decline to a rate of approximately 1% of net sales or $30 million following a period of investment in digital transformation and the supply chain. The company also collected $11 million in IEEPA refunds and expects to collect another $53 million, while cash costs associated with Project Momentum decline.
The primary risk is continued weakness in the battery category after its trends fell 200 to 300 basis points below management's previous expectations. Consumers' search for value is pressuring pricing and mix, with greater promotional activity and some volume erosion emerging in fiscal Q3 2026. Commodities, tariffs, foreign exchange, and logistics also remain factors that could hinder the goal of maintaining a margin above 40% in the fourth quarter.
Net insider purchases totaled $23.1 million during the three months through the latest recorded transaction on July 24, 2026. The data included 50 purchases with no sales, representing a positive internal signal within the provided context. In contrast, the analyst consensus remained "Neutral," with an average target of $20 and a target range of $18 to $23, limiting the strength of the overall bullish signal.
