Enersys (ENS) Updates Q2 Earnings Guidance
Enersys (NYSE:ENS) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.03-1.07 for the period, compared to the Thomson Reuters consensus estimate of $1.20.
Enersys (ENS) traded down 1.29% on Friday, hitting $62.01. The company’s stock had a trading volume of 227,165 shares. The stock has a market cap of $2.69 billion, a PE ratio of 16.71 and a beta of 1.65. The firm has a 50 day moving average of $70.59 and a 200-day moving average of $76.40. Enersys has a 12 month low of $61.96 and a 12 month high of $84.74.
Enersys (NYSE:ENS) last posted its quarterly earnings results on Wednesday, August 9th. The industrial products company reported $1.12 EPS for the quarter, missing the Zacks’ consensus estimate of $1.13 by $0.01. The company had revenue of $622.60 million during the quarter, compared to the consensus estimate of $615.77 million. Enersys had a return on equity of 18.90% and a net margin of 6.86%. Enersys’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.14 earnings per share. On average, analysts expect that Enersys will post $4.67 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Thursday, September 14th. Enersys’s dividend payout ratio is 18.87%.
Enersys announced that its board has initiated a stock buyback plan on Wednesday, August 9th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the industrial products company to buy up to 3.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.
Several research firms recently issued reports on ENS. BidaskClub lowered Enersys from a sell rating to a strong sell rating in a research note on Friday. Sidoti upgraded Enersys from a neutral rating to a buy rating and set a $83.00 price target on the stock in a research report on Thursday. Zacks Investment Research downgraded Enersys from a hold rating to a strong sell rating in a research report on Monday, August 14th. Oppenheimer Holdings, Inc. restated a buy rating and set a $82.00 price target (down previously from $92.00) on shares of Enersys in a research report on Wednesday, August 9th. Finally, ValuEngine upgraded Enersys from a hold rating to a buy rating in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company. Enersys has an average rating of Hold and an average price target of $82.67.
In related news, insider Holger P. Aschke sold 3,000 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $81.00, for a total transaction of $243,000.00. Following the transaction, the insider now owns 28,928 shares in the company, valued at approximately $2,343,168. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Kerry M. Kane sold 4,413 shares of the business’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $82.16, for a total value of $362,572.08. Following the transaction, the vice president now owns 17,210 shares in the company, valued at approximately $1,413,973.60. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.
Enersys Company Profile
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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