EnerSys (NYSE:ENS) Announces Earnings Results

EnerSys (NYSE:ENS) released its earnings results on Wednesday. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.05, Briefing.com reports. The business had revenue of $883.70 million during the quarter, compared to the consensus estimate of $891.78 million. EnerSys had a return on equity of 19.98% and a net margin of 7.73%. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period last year, the business posted $1.84 earnings per share.

EnerSys Price Performance

ENS stock opened at $95.78 on Friday. EnerSys has a one year low of $83.27 and a one year high of $112.53. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.70 and a quick ratio of 1.66. The stock has a market cap of $3.85 billion, a PE ratio of 14.49, a P/E/G ratio of 0.61 and a beta of 1.24. The firm has a 50 day simple moving average of $99.87 and a two-hundred day simple moving average of $100.62.

EnerSys Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Friday, December 13th. EnerSys’s payout ratio is 14.52%.

Insider Buying and Selling at EnerSys

In other news, VP Joern Tinnemeyer sold 2,200 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $100.00, for a total value of $220,000.00. Following the completion of the transaction, the vice president now directly owns 25,368 shares in the company, valued at approximately $2,536,800. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Chad C. Uplinger sold 500 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $100.87, for a total transaction of $50,435.00. Following the completion of the sale, the insider now directly owns 17,175 shares in the company, valued at $1,732,442.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Joern Tinnemeyer sold 2,200 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $100.00, for a total transaction of $220,000.00. Following the completion of the transaction, the vice president now owns 25,368 shares in the company, valued at $2,536,800. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,700 shares of company stock worth $2,271,843 over the last 90 days. Corporate insiders own 1.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ENS. Roth Mkm reissued a “buy” rating and set a $120.00 price objective on shares of EnerSys in a report on Monday, September 23rd. StockNews.com cut EnerSys from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 15th. Finally, Roth Capital raised shares of EnerSys to a “strong-buy” rating in a report on Tuesday, August 27th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $118.00.

About EnerSys

EnerSys engages in the provision of stored energy solutions for industrial applications worldwide. It operates in four segments: Energy Systems, Motive Power, Specialty, and New Ventures. The Energy Systems segment offers uninterruptible power systems (UPS) applications for computer and computer-controlled systems, as well as telecommunications systems; switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage, and energy pipelines; integrated power solutions and services to broadband, telecom, data center, and renewable and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.