EnerSys (NYSE:ENS) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

EnerSys (NYSE:ENS) announced its quarterly earnings data on Wednesday. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.05, Briefing.com reports. EnerSys had a net margin of 8.25% and a return on equity of 20.25%. The company had revenue of $883.70 million for the quarter, compared to analysts’ expectations of $891.78 million. During the same quarter in the previous year, the company posted $1.84 EPS. The business’s revenue was down 1.9% compared to the same quarter last year.

EnerSys Stock Up 1.8 %

Shares of ENS traded up $1.72 during mid-day trading on Friday, reaching $97.44. The company’s stock had a trading volume of 400,031 shares, compared to its average volume of 209,899. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 0.63 and a beta of 1.24. The business has a fifty day moving average of $99.79 and a 200 day moving average of $100.68. The company has a quick ratio of 1.66, a current ratio of 2.70 and a debt-to-equity ratio of 0.48. EnerSys has a 1 year low of $83.27 and a 1 year high of $112.53.

EnerSys Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Friday, December 13th. EnerSys’s payout ratio is 13.60%.

Insider Activity

In related news, CEO David M. Shaffer sold 2,400 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $100.00, for a total value of $240,000.00. Following the completion of the sale, the chief executive officer now directly owns 244,140 shares of the company’s stock, valued at approximately $24,414,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other EnerSys news, CEO David M. Shaffer sold 2,400 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $100.00, for a total value of $240,000.00. Following the transaction, the chief executive officer now owns 244,140 shares in the company, valued at approximately $24,414,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David M. Shaffer sold 17,600 shares of EnerSys stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $100.08, for a total transaction of $1,761,408.00. Following the sale, the chief executive officer now directly owns 226,540 shares of the company’s stock, valued at $22,672,123.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,700 shares of company stock worth $2,271,843. 1.61% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ENS has been the topic of several recent research reports. Roth Mkm restated a “buy” rating and issued a $120.00 price target on shares of EnerSys in a research report on Monday, September 23rd. Roth Capital upgraded EnerSys to a “strong-buy” rating in a report on Tuesday, August 27th. Finally, StockNews.com downgraded EnerSys from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.