EnerSys (NYSE:ENS) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

EnerSys (NYSE:ENS) issued its earnings results on Wednesday. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.05, Briefing.com reports. EnerSys had a net margin of 7.73% and a return on equity of 19.98%. The business had revenue of $883.70 million for the quarter, compared to analyst estimates of $891.78 million. During the same quarter in the prior year, the business posted $1.84 EPS. The company’s revenue for the quarter was down 1.9% on a year-over-year basis.

EnerSys Stock Performance

Shares of EnerSys stock traded down $6.12 during trading on Thursday, hitting $95.78. 661,741 shares of the stock were exchanged, compared to its average volume of 245,018. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.66 and a current ratio of 2.70. EnerSys has a 12 month low of $83.27 and a 12 month high of $112.53. The stock’s fifty day moving average is $99.95 and its 200 day moving average is $100.66. The stock has a market cap of $3.85 billion, a PE ratio of 14.48, a P/E/G ratio of 0.61 and a beta of 1.24.

Insider Activity at EnerSys

In other news, insider Chad C. Uplinger sold 500 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $100.87, for a total transaction of $50,435.00. Following the completion of the transaction, the insider now directly owns 17,175 shares in the company, valued at approximately $1,732,442.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO David M. Shaffer sold 2,400 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $100.00, for a total transaction of $240,000.00. Following the sale, the chief executive officer now owns 244,140 shares of the company’s stock, valued at $24,414,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Chad C. Uplinger sold 500 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $100.87, for a total value of $50,435.00. Following the transaction, the insider now directly owns 17,175 shares of the company’s stock, valued at approximately $1,732,442.25. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,700 shares of company stock worth $2,271,843 in the last ninety days. 1.61% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Roth Mkm restated a “buy” rating and set a $120.00 price objective on shares of EnerSys in a research note on Monday, September 23rd. Roth Capital upgraded EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. Finally, StockNews.com lowered shares of EnerSys from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $118.00.

EnerSys Company Profile

EnerSys engages in the provision of stored energy solutions for industrial applications worldwide. It operates in four segments: Energy Systems, Motive Power, Specialty, and New Ventures. The Energy Systems segment offers uninterruptible power systems (UPS) applications for computer and computer-controlled systems, as well as telecommunications systems; switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage, and energy pipelines; integrated power solutions and services to broadband, telecom, data center, and renewable and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.