Somewhat Favorable Press Coverage Somewhat Unlikely to Affect EnerSys (ENS) Share Price
Media coverage about EnerSys (NYSE:ENS) has trended somewhat positive on Monday, according to Accern. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. EnerSys earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 46.3459414669585 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
EnerSys (NYSE ENS) traded up $2.05 during mid-day trading on Monday, hitting $72.13. The stock had a trading volume of 376,900 shares, compared to its average volume of 252,648. EnerSys has a 52 week low of $61.33 and a 52 week high of $84.74. The company has a quick ratio of 2.49, a current ratio of 3.43 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $3,130.00, a price-to-earnings ratio of 19.60, a PEG ratio of 2.63 and a beta of 1.68.
EnerSys (NYSE:ENS) last posted its earnings results on Wednesday, November 8th. The industrial products company reported $1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.01. EnerSys had a return on equity of 18.17% and a net margin of 6.64%. The company had revenue of $617.30 million for the quarter, compared to analyst estimates of $603.54 million. During the same quarter last year, the company earned $1.15 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. research analysts expect that EnerSys will post 4.58 EPS for the current year.
EnerSys declared that its board has authorized a share buyback plan on Wednesday, November 8th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
A number of research analysts have recently weighed in on ENS shares. Zacks Investment Research upgraded EnerSys from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. Oppenheimer restated a “buy” rating and issued a $77.00 target price (down previously from $82.00) on shares of EnerSys in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. EnerSys has an average rating of “Hold” and an average target price of $80.00.
In related news, insider Todd M. Sechrist sold 7,500 shares of EnerSys stock in a transaction on Monday, November 13th. The stock was sold at an average price of $66.50, for a total transaction of $498,750.00. Following the sale, the insider now directly owns 61,182 shares in the company, valued at $4,068,603. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.40% of the company’s stock.
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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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