EnerSys (ENS) Issues Earnings Results, Beats Estimates By $0.01 EPS

EnerSys (NYSE:ENS) announced its earnings results on Wednesday. The industrial products company reported $1.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.01, Briefing.com reports. EnerSys had a net margin of 4.46% and a return on equity of 17.30%. The firm had revenue of $660.50 million during the quarter, compared to analyst estimates of $659.18 million. During the same period in the prior year, the business earned $1.05 EPS. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. EnerSys updated its Q3 2019 guidance to $1.23-1.27 EPS and its Q3 guidance to $1.23-1.27 EPS.

Shares of EnerSys stock traded up $0.54 during trading hours on Thursday, reaching $88.74. 283,870 shares of the company’s stock were exchanged, compared to its average volume of 207,958. EnerSys has a fifty-two week low of $62.85 and a fifty-two week high of $89.72. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.33 and a quick ratio of 2.46. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 19.08, a P/E/G ratio of 1.68 and a beta of 1.41.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be paid a dividend of $0.175 per share. The ex-dividend date is Thursday, December 13th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.79%. EnerSys’s dividend payout ratio is 15.05%.

In other news, insider Myles Jones sold 13,460 shares of the stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $80.29, for a total transaction of $1,080,703.40. Following the completion of the transaction, the insider now directly owns 49,102 shares in the company, valued at approximately $3,942,399.58. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Holger P. Aschke sold 4,545 shares of the company’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $77.13, for a total transaction of $350,555.85. Following the completion of the sale, the insider now directly owns 38,294 shares in the company, valued at $2,953,616.22. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,920 shares of company stock valued at $1,732,714. Company insiders own 1.50% of the company’s stock.

ENS has been the subject of a number of recent research reports. ValuEngine upgraded shares of EnerSys from a “hold” rating to a “buy” rating in a research note on Tuesday. Oppenheimer increased their price objective on shares of EnerSys from $86.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, October 4th. Sidoti increased their price objective on shares of EnerSys from $93.00 to $104.00 and gave the stock a “buy” rating in a research note on Thursday, October 4th. Citigroup increased their price objective on shares of EnerSys from $86.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, October 4th. Finally, Zacks Investment Research upgraded shares of EnerSys from a “sell” rating to a “hold” rating and set a $100.00 price objective for the company in a research note on Monday, October 8th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $99.00.

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EnerSys Company Profile

EnerSys manufactures, markets, and distributes industrial batteries. The company offers battery chargers, power equipment, battery accessories, and outdoor cabinet enclosures, as well as related after-market and customer-support services for industrial batteries. It also provides reserve power products that are used for backup power for the continuous operation of critical applications in telecommunications systems, uninterruptible power systems applications for computer and computer-controlled systems, and other specialty power applications, including medical and security systems, premium starting, lighting, and ignition applications, as well as in switchgear, electrical control systems used in electric utilities, large-scale energy storage, energy pipelines, commercial aircraft, satellites, military aircraft, submarines, ships, and tactical vehicles.

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Earnings History for EnerSys (NYSE:ENS)

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