ENR offers an attractively valued entry — a forward multiple of 5.5x and a 51% margin of safety — alongside a recent earnings beat of more than 100%, but a confirmed death cross, a 200-day moving average declining at -4.6% per month, and a debt-to-equity ratio of 19.7 make the technical and balance-sheet risks difficult to underwrite at this stage.
Thesis pillars
- Attractive Valuation Margin Of Safety→Stable
- Earnings Beat Streak Momentum→Stable
- Death Cross Confirmed Downtrend→Stable
- +1 more pillar — see the Why tab for full reasoning
Energizer Holdings, Inc. (ENR) Stock Analysis
Momentum Cont setup · Inst Constrain edge
Industrials · Electrical Equipment & Parts
Sell if holding. Analyst target reached at $21.80 — A.R:R is negative (-1.2) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Supplier: single-source suppliers.
Energizer Holdings is a global diversified household products company and one of the world's largest manufacturers of household and specialty batteries, automotive appearance, performance, and air-conditioning-recharge products, and portable lights, marketed under the Energizer,... Read more
Sell if holding. Analyst target reached at $21.80 — A.R:R is negative (-1.2) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Supplier: single-source suppliers. Chart setup: Trend continuation, RSI 64, MACD bullish. Score 4.9/10, high confidence.
Passes 5/9 gates (clean insider activity, news events none recent, earnings proximity 31d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio and death cross (50MA < 200MA). Suitability: aggressive.
About Energizer Holdings, Inc.
About Energizer Holdings, Inc.
Energizer Holdings sells household and specialty batteries under the Energizer, Eveready, and Rayovac brands alongside Armor All and STP-branded auto care products and portable lighting, with Wal-Mart Stores, Inc. accounting for 12.8% of fiscal 2025 annual sales and approximately 40% of sales generated outside the United States. The company employed approximately 6,050 people across 34 countries as of September 30, 2025.
Energizer's battery segment spans primary, rechargeable, specialty, and hearing-aid batteries across lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide chemistries, while its auto care business sells appearance, fragrance, performance, and A/C-recharge products under Armor All, STP, and A/C PRO, and its lighting business sells handheld lights, headlights, lanterns, and area lights. The company distributes through mass merchandisers, warehouse clubs, food/drug/convenience stores, hardware and automotive centers, e-commerce, and military channels, as well as business-to-business sales to original equipment manufacturers and industrial, medical, and hearing-aid distributors. Principal raw materials include electrolytic manganese dioxide, zinc, silver, nickel, and lithium for batteries and refrigerant R-134a, plastic, and steel for auto care products, generally sourced from multiple suppliers, though the company acknowledges dependence on single-source suppliers for certain products or services.
Show full overview
Energizer's reliance on a concentrated retail customer base compounds its Wal-Mart exposure: the 10-K warns that growing retailer consolidation and the integration of traditional and digital operations at key accounts are making the company increasingly dependent on a small number of large customers, any of which could shift shelf space toward private-label or competitor products, demand better pricing, or use pricing technology to pressure margins. Because Wal-Mart alone represented 12.8% of fiscal 2025 sales, a strategy shift at that single account would have an outsized effect on Energizer's net sales relative to a more diversified consumer-products peer.
See also: Industrials · Electrical Equipment & Parts
From Energizer Holdings, Inc.'s most recent 10-K filing, extracted July 6, 2026.
Recent developments
updated 2026-07-06Recent Developments — Energizer Holdings, Inc.
Latest news
- NEWS Is It Time To Reassess Energizer Holdings (ENR) After Recent Share Price Rebound? - Yahoo Finance — Yahoo Finance neutral
- NEWS Energizer Holdings, Inc. (NYSE:ENR) Plans $0.30 Quarterly Dividend - MarketBeat — MarketBeat neutral
- NEWS Energizer Holdings (ENR) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release - Yahoo Finance — Yahoo Finance positive
- NEWS Energizer (ENR) to Release Earnings on Tuesday - MarketBeat — MarketBeat neutral
- NEWS Analysts Offer Insights on Industrial Goods Companies: Energizer Holdings (ENR) and SkyWest (SKYW) - The Globe and Mail — The Globe and Mail positive
Generated 2026-07-06T04:40:26Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- LOWCustomerWal-Mart Stores, Inc.13%10-K Item 1: 'in fiscal year 2025, only Wal-Mart Stores, Inc. accounted for ten percent or more (12.8%) of the Company's annual sales.'
- MEDIUMGeographicforeign countries (international sales)40%10-K Item 1A: 'We currently conduct our business on a worldwide basis, with approximately 40% of our sales in fiscal year 2025 arising from foreign countries'
- HIGHSuppliersingle-source suppliers10-K Item 1A: 'we may have only one supplier for a product or service. Our dependence on single-source suppliers subjects us to the possible risks of shortages'
Material Events(8-K, last 90d)
- 2026-05-05Item 5.02MEDIUMMichael A. Lampman will cease serving as Energizer's EVP of North America and Global Business Units effective September 30, 2026, transitioning to Special Advisor through December 31, 2026 under a Separation and Transition Agreement signed May 1, 2026. Ryan Sedlak, currently VP of Global Finance & Analytics, will succeed him as EVP effective October 1, 2026.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security. Our sole compensation is subscription revenue.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Rating Breakdown
2 floor-breakers
Revenue shrinking — -3.0% YoY. Growth thesis broken unless recovery story develops.static
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Analyst target reached at $21.80 — A.R:R is negative (-1.2) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Supplier: single-source suppliers. Chart setup: Trend continuation, RSI 64, MACD bullish. Prior stop was $20.23. Score 4.9/10, high confidence.
Take-profit target: $22.79 (+4.8% upside). Prior stop was $20.23. Stop-loss: $20.23.
Concentration risk — Supplier: single-source suppliers; Analyst target reached - limited upside remaining; Leverage penalty (D/E 19.7): -1.5.
Energizer Holdings, Inc. trades at a P/E of 8.0 (forward 6.0). TrendMatrix value score: 7.2/10. Verdict: Sell.
10 analysts cover ENR with a consensus score of 3.5/5. Average price target: $21.
What does Energizer Holdings, Inc. do?Energizer Holdings is a global diversified household products company and one of the world's largest manufacturers of...
Energizer Holdings is a global diversified household products company and one of the world's largest manufacturers of household and specialty batteries, automotive appearance, performance, and air-conditioning-recharge products, and portable lights, marketed under the Energizer, Eveready, Rayovac, Armor All, and STP brands. The company distributes through mass merchandisers, warehouse clubs, and other retail and e-commerce channels, with Wal-Mart accounting for 12.8% of fiscal 2025 annual sales and approximately 40% of sales generated outside the United States.