Enersys (NYSE:ENS) released its earnings results on Wednesday. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by $0.01, Briefing.com reports. The firm had revenue of $622.60 million during the quarter, compared to the consensus estimate of $615.77 million. Enersys had a return on equity of 19.57% and a net margin of 6.77%. Enersys’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.14 EPS. Enersys updated its Q2 guidance to $1.03-1.07 EPS.
Enersys (NYSE:ENS) traded down 1.12% on Wednesday, reaching $72.36. 181,069 shares of the company traded hands. The stock has a 50 day moving average of $72.82 and a 200-day moving average of $77.27. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 19.88 and a beta of 1.65. Enersys has a 1-year low of $63.10 and a 1-year high of $84.74.
Several research firms recently commented on ENS. Zacks Investment Research raised shares of Enersys from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Thursday, June 1st. BidaskClub downgraded shares of Enersys from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $92.00 price target (down previously from $95.00) on shares of Enersys in a research note on Friday, June 2nd. Finally, ValuEngine raised shares of Enersys from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $84.33.
In other Enersys news, insider Holger P. Aschke sold 3,000 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $81.00, for a total value of $243,000.00. Following the transaction, the insider now owns 28,928 shares of the company’s stock, valued at $2,343,168. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Kerry M. Kane sold 4,413 shares of the company’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $82.16, for a total transaction of $362,572.08. Following the completion of the transaction, the vice president now directly owns 17,210 shares in the company, valued at approximately $1,413,973.60. The disclosure for this sale can be found here. Insiders sold 7,676 shares of company stock worth $627,462 in the last ninety days. 1.40% of the stock is currently owned by corporate insiders.
EnerSys is a manufacturer, marketer and distributor of industrial batteries. The Company manufactures, markets and distributes related products, such as chargers, power equipment, outdoor cabinet enclosures and battery accessories, and provides related after-market and customer-support services for industrial batteries.
Receive News & Ratings for Enersys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enersys and related companies with MarketBeat.com's FREE daily email newsletter.