EnerSys (ENS) Posts Earnings Results, Beats Estimates By $0.07 EPS
EnerSys (NYSE:ENS) released its quarterly earnings results on Thursday. The company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.07. EnerSys had a net margin of 5.84% and a return on equity of 18.00%. The firm earned $576 million during the quarter, compared to analysts’ expectations of $584.87 million. During the same period in the previous year, the company earned $0.97 EPS. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year.
Shares of EnerSys (NYSE:ENS) opened at 73.92 on Monday. EnerSys has a 52-week low of $42.60 and a 52-week high of $76.27. The stock has a market capitalization of $3.20 billion, a PE ratio of 23.73 and a beta of 1.62. The firm has a 50-day moving average of $67.00 and a 200 day moving average of $64.56.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 16th will be given a $0.175 dividend. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $0.70 annualized dividend and a yield of 0.95%. EnerSys’s dividend payout ratio (DPR) is 22.36%.
Separately, Maxim Group lifted their price target on shares of EnerSys from $74.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, August 12th.
A number of institutional investors have recently bought and sold shares of ENS. Acrospire Investment Management LLC increased its position in EnerSys by 26.3% in the second quarter. Acrospire Investment Management LLC now owns 2,400 shares of the company’s stock valued at $143,000 after buying an additional 500 shares during the last quarter. LS Investment Advisors LLC boosted its stake in shares of EnerSys by 78.2% in the third quarter. LS Investment Advisors LLC now owns 2,837 shares of the company’s stock worth $196,000 after buying an additional 1,245 shares during the period. Tower Research Capital LLC TRC acquired a new stake in shares of EnerSys during the second quarter worth approximately $182,000. Calvert Investment Management Inc. acquired a new stake in shares of EnerSys during the second quarter worth approximately $203,000. Finally, First Interstate Bank boosted its stake in shares of EnerSys by 13.1% in the second quarter. First Interstate Bank now owns 3,420 shares of the company’s stock worth $203,000 after buying an additional 395 shares during the period. 96.53% of the stock is currently owned by institutional investors and hedge funds.
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.
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