Alaska Department of Revenue Boosts Investment in Energizer Holdings,

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The Alaska Department of Revenue has recently announced a significant increase in their investment in Energizer Holdings ($NYSE:ENR), Inc. This renowned manufacturer, marketer, and distributor of household batteries, portable lighting products, and auto care products has become the latest target of the department’s investment portfolio. The department has purchased additional shares of Energizer stock, a move that signals their confidence in the company’s future success. Energizer Holdings, Inc., which is headquartered in St. Louis, Missouri, is a leading manufacturer of household battery products and portable lighting solutions. They are known for their reliable and long-lasting products such as Energizer Max and Energizer Ultimate Lithium batteries. The company also produces many automotive care products, including brake fluids, fuel additives, and transmission fluids.

The company is committed to innovation and sustainability, as evidenced by their partnership with the World Wildlife Fund, which focuses on environmental protection and conservation efforts. The company also supports research initiatives in battery-powered technology and renewable energy sources. Given the Alaska Department of Revenue’s decision to boost their stake in Energizer Holdings, Inc., it’s clear that they believe in the company’s future potential. With their commitment to innovation and sustainability, Energizer Holdings, Inc. is well-positioned to capitalize on the ever-growing demand for advanced battery technology and automotive products.

Earnings

The Alaska Department of Revenue recently announced their decision to boost their investment in Energizer Holdings, Inc. Energizer Holdings reported in their FY2023 Q4 earnings report, as of September 30 2021, a total revenue of 766.0M USD and a net income of 83.2M USD. This marks a 3.1% decrease in total revenue and a 122.9% decrease in net income, compared to the same period the previous year. However, in the past three years, Energizer Holdings has managed to increase its total revenue from 766.0M USD to 811.1M USD. The Alaska Department of Revenue’s decision to invest more in Energizer Holdings is likely to lead to increased profits for the company in the future.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Energizer Holdings. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Energizer Holdings. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Energizer Holdings. More…

Key Ratios Snapshot

Some of the financial key ratios for Energizer Holdings are shown below. More…

Share Price

The Alaska Department of Revenue made headlines on Tuesday when it announced a significant investment in Energizer Holdings, Inc. The news caused Energizer’s stock to jump by 0.6%, with the stock opening at $31.5 and closing at $31.9. This was a marked increase compared to the previous closing price of $31.7. This new investment from the Alaska Department of Revenue brings renewed confidence to the company, which is already a top player in household battery production and personal care products. The boost in stock price is a sign that investors are welcoming the news positively, and are looking towards the future for Energizer Holdings, Inc. Live Quote…

Analysis

At GoodWhale, we have conducted an analysis of ENERGIZER HOLDINGS and its wellbeing. According to our Star Chart, the company has a high health score of 7/10, indicating that it is capable to sustain future operations in times of crisis due to its sound cashflows and debt structure. Furthermore, we have classified ENERGIZER HOLDINGS as ‘cow’, which indicates that the company is known for paying out consistent and sustainable dividends. For investors interested in dividend stocks, ENERGIZER HOLDINGS is a great option. The company has proven strong throughout dividend payouts, profitability, and medium growth. However, due to the nature of the company’s operations, it is weak in asset structure. Overall, ENERGIZER HOLDINGS is an excellent option for investors looking for steady and consistent dividend payouts. More…

Peers

Its products are used in a wide range of applications, including electronic devices, power tools, and medical devices. The company’s primary competitors are TNR Technical Inc, Leoch International Technology Ltd, and HBL Power Systems Ltd.

– TNR Technical Inc ($SEHK:00842)

Leoch International Technology Ltd is a Hong Kong-based company principally engaged in the research, development, manufacture and sale of lead-acid batteries and related products. The Company operates its business through three segments. The Battery segment is engaged in the production and sale of lead-acid batteries, including automotive batteries, motorcycle batteries, wheelchairs batteries, electric bicycle batteries, general batteries, golf cart batteries, marine batteries, power batteries, solar batteries, storage batteries and other lead-acid batteries. The Recycling segment is engaged in the recycling of lead acid batteries and related products. The New Energy segment is engaged in the provision of new energy storage solutions.

– Leoch International Technology Ltd ($BSE:517271)

HBL Power Systems Ltd is an Indian engineering company that manufactures a range of products for the power sector, including power generation equipment, power transmission and distribution equipment, and railway electrification equipment. The company has a market cap of 29.44B as of 2022 and a return on equity of 9.55%. HBL Power Systems Ltd is a publicly traded company listed on the Bombay Stock Exchange and the National Stock Exchange of India.

Summary

The State of Alaska Department of Revenue recently announced that it has increased its holdings in Energizer Holdings, Inc. This investment analysis focuses on the reasons why Energizer’s stock may be an attractive option for investors. Its global brand recognition is a major asset that could continue to drive worldwide demand for their products and services.

Additionally, the company has recently seen higher sales in both their consumer and professional segments, as well as an increase in net income and adjusted EPS. Furthermore, they have made strategic acquisitions to expand their reach and broaden their product offering. Finally, their innovative product development strategy looks to be a promising opportunity for future growth and profitability. Overall, Energizer appears to be an attractive option for investors looking for a stable and reliable dividend income and potential upside opportunity.