EnerSys (NYSE:ENS) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

EnerSys (NYSE:ENS) issued its quarterly earnings results on Wednesday. The industrial products company reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.01, Briefing.com reports. The business had revenue of $852.90 million for the quarter, compared to the consensus estimate of $877.52 million. EnerSys had a net margin of 7.51% and a return on equity of 20.21%. The firm’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.89 EPS.

EnerSys Trading Up 0.4 %

ENS traded up $0.38 during trading on Friday, hitting $94.30. The company’s stock had a trading volume of 205,234 shares, compared to its average volume of 247,164. EnerSys has a twelve month low of $83.27 and a twelve month high of $112.53. The company has a quick ratio of 1.50, a current ratio of 2.46 and a debt-to-equity ratio of 0.46. The stock’s fifty day moving average price is $104.27 and its 200-day moving average price is $97.62. The firm has a market capitalization of $3.79 billion, a P/E ratio of 14.51, a PEG ratio of 0.67 and a beta of 1.28.

EnerSys Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.24 dividend. This is a positive change from EnerSys’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Monday, September 16th. EnerSys’s payout ratio is currently 14.77%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ENS shares. StockNews.com downgraded shares of EnerSys from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 26th. BTIG Research cut shares of EnerSys from a “buy” rating to a “neutral” rating in a research note on Friday, May 24th.

EnerSys Company Profile

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.