EnerSys (NYSE:ENS) updated its fourth quarter earnings guidance on Wednesday. The company provided EPS guidance of $1.20-1.24 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.24.

Several equities analysts recently commented on the stock. Zacks Investment Research lowered shares of EnerSys from a hold rating to a sell rating in a research report on Thursday, November 2nd. ValuEngine lowered shares of EnerSys from a buy rating to a hold rating in a research report on Friday, February 2nd. CL King raised shares of EnerSys from a neutral rating to a buy rating in a research report on Tuesday, January 16th. Oppenheimer reaffirmed a buy rating and set a $77.00 price target on shares of EnerSys in a research report on Thursday, November 9th. Finally, Sidoti lowered shares of EnerSys from a buy rating to a neutral rating and set a $79.00 price target for the company. in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. EnerSys currently has an average rating of Hold and a consensus target price of $78.00.

Shares of EnerSys (NYSE:ENS) traded up $0.36 during mid-day trading on Wednesday, reaching $66.48. 266,540 shares of the company traded hands, compared to its average volume of 247,696. EnerSys has a 1 year low of $61.33 and a 1 year 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 firm has a market capitalization of $2,890.00, a price-to-earnings ratio of 18.07, a price-to-earnings-growth ratio of 2.35 and a beta of 1.60.

EnerSys (NYSE:ENS) last released its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.01. EnerSys had a net margin of 6.64% and a return on equity of 18.17%. The company had revenue of $617.30 million during the quarter, compared to analyst estimates of $603.54 million. During the same quarter in the prior year, the business earned $1.15 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. sell-side analysts anticipate that EnerSys will post 4.58 earnings per share for the current fiscal year.

EnerSys announced that its board has initiated 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 reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

In other news, insider Todd M. Sechrist sold 7,500 shares of the stock in a transaction 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 $4,068,603. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is owned by corporate insiders.

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About EnerSys

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.

Earnings History and Estimates for EnerSys (NYSE:ENS)

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