EnerSys (ENS) Given Consensus Recommendation of “Hold” by Analysts
Shares of EnerSys (NYSE:ENS) have been assigned a consensus rating of “Hold” from the six analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $80.00.
A number of brokerages have commented on ENS. CL King upgraded shares of EnerSys from a “neutral” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of EnerSys from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, Oppenheimer restated a “buy” rating and issued a $77.00 target price on shares of EnerSys in a research note on Thursday, November 9th.
In other news, insider Todd M. Sechrist sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $66.50, for a total value of $498,750.00. Following the completion of the sale, the insider now owns 61,182 shares of the company’s stock, valued at approximately $4,068,603. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is currently owned by corporate insiders.
Shares of EnerSys (ENS) traded up $2.05 during mid-day trading on Tuesday, reaching $72.13. 376,900 shares of the company’s stock were exchanged, compared to its average volume of 248,311. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.43 and a quick ratio of 2.49. The company has a market cap of $3,130.00, a P/E ratio of 19.60, a P/E/G ratio of 2.63 and a beta of 1.68. EnerSys has a twelve month low of $61.33 and a twelve month high of $84.74.
EnerSys (NYSE:ENS) last issued its earnings results on Wednesday, November 8th. The industrial products company reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.01. The business had revenue of $617.30 million for the quarter, compared to the consensus estimate of $603.54 million. EnerSys had a net margin of 6.64% and a return on equity of 18.17%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.15 EPS. analysts expect that EnerSys will post 4.58 earnings per share for the current fiscal year.
EnerSys announced that its Board of Directors has authorized a stock repurchase program on Wednesday, November 8th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the industrial products company to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a $0.175 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.97%. EnerSys’s payout ratio is presently 19.02%.
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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