EnerSys (NYSE:ENS) Announces Earnings Results

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

EnerSys Stock Performance

Shares of EnerSys stock traded down $6.18 on Thursday, hitting $95.72. 655,921 shares of the company’s stock were exchanged, compared to its average volume of 244,991. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.66 and a current ratio of 2.70. The stock has a market capitalization of $3.85 billion, a PE ratio of 15.41, a PEG ratio of 0.61 and a beta of 1.24. EnerSys has a 1 year low of $83.27 and a 1 year high of $112.53. The company has a 50-day simple moving average of $99.95 and a 200-day simple moving average of $100.66.

Insider Buying and Selling

In other news, CEO David M. Shaffer sold 2,400 shares of EnerSys stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $100.00, for a total transaction of $240,000.00. Following the transaction, the chief executive officer now directly owns 244,140 shares of the company’s stock, valued at $24,414,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO David M. Shaffer sold 2,400 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 244,140 shares of the company’s stock, valued at $24,414,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Chad C. Uplinger sold 500 shares of EnerSys 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 transaction, the insider now owns 17,175 shares in the company, valued at approximately $1,732,442.25. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,700 shares of company stock valued at $2,271,843. 1.61% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ENS shares. Roth Mkm restated a “buy” rating and issued a $120.00 target price on shares of EnerSys in a report on Monday, September 23rd. Roth Capital raised 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $118.00.

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.