Weekly Analysts’ Ratings Updates for Enersys (ENS)
A number of firms have modified their ratings and price targets on shares of Enersys (NYSE: ENS) recently:
- 8/26/2017 – Enersys was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
- 8/18/2017 – Enersys was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
- 8/17/2017 – Enersys was upgraded by analysts at Sidoti from a “neutral” rating to a “buy” rating. They now have a $83.00 price target on the stock.
- 8/14/2017 – Enersys was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “EnerSys’ first-quarter fiscal 2018 adjusted earnings of $1.12 missed the Zacks Consensus Estimate by a penny and was down 1.8% from the year-ago tally. Also, the company’s shares have yielded a negative return over the past six months, steeper than the industry’s average decline. Volatility in cost of commodities (especially lead) has weighed upon the company’s profitability. To combat the lead price rise, EnerSys has already initiated price increases butits taking much longer for the results to show. EnerSys is in the midst of a transformation, wherein it has been undertaking multiple long-term investments to boost growth. However, these efforts are impacting the company’s gross profit percentage adversely in the near-term. Despite these negatives, EnerSys’ dominant position in the lead-acid battery market, diligent cost reduction efforts and financial health add to its strength.”
- 8/9/2017 – Enersys had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings, Inc.. They now have a $82.00 price target on the stock, down previously from $92.00.
- 8/2/2017 – Enersys was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
- 8/1/2017 – Enersys was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “EnerSys has beat estimates each time over the trailing four quarters. Over the past few quarters, the company's bottom line growth was driven mainly by diligent restructuring initiatives. Going forward, we believe that positive industry trend and strong sales of products, like lead chargers and battery management systems, will drive growth of Motive business. EnerSys’ long-term growth drivers include higher demand for premium products, lean initiatives, robust prospects in Asia, cost reduction programs and strategic product launches. However, on the negative side, EnerSys’ shares have yielded a negative return over the past six months, comparing unfavorably to the industry’s average positive return. Of late, volatility in cost of commodities (especially lead) has weighed upon the company’s profitability. Also, currency fluctuations and stiff competition in the industry are also erodiding profits.”
- 7/27/2017 – Enersys was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
- 7/12/2017 – Enersys was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
Shares of Enersys (ENS) traded up 0.72% during mid-day trading on Friday, reaching $64.56. The company’s stock had a trading volume of 15,742 shares. Enersys has a 52 week low of $61.33 and a 52 week high of $84.74. The company’s 50-day moving average is $68.25 and its 200-day moving average is $75.42. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 17.40 and a beta of 1.65.
Enersys (NYSE:ENS) last issued its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by $0.01. The firm had revenue of $622.60 million for the quarter, compared to analysts’ expectations of $615.77 million. Enersys had a return on equity of 18.90% and a net margin of 6.86%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.14 EPS. Equities analysts predict that Enersys will post $4.67 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Thursday, September 14th. Enersys’s payout ratio is 18.87%.
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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