EnerSys (NYSE:ENS) Posts Quarterly Earnings Results, Beats Estimates By $0.06 EPS

EnerSys (NYSE:ENS) issued its quarterly earnings data on Wednesday. The industrial products company reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.06, Briefing.com reports. The company had revenue of $910.70 million for the quarter, compared to the consensus estimate of $893.64 million. EnerSys had a net margin of 7.51% and a return on equity of 20.21%. The firm’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.82 earnings per share.

EnerSys Stock Down 0.7 %

NYSE ENS opened at $107.18 on Friday. The company has a current ratio of 2.46, a quick ratio of 1.53 and a debt-to-equity ratio of 0.46. EnerSys has a 12 month low of $83.27 and a 12 month high of $113.34. The stock’s 50 day moving average is $93.49 and its 200 day moving average is $93.73. The stock has a market cap of $4.30 billion, a PE ratio of 16.49, a P/E/G ratio of 0.91 and a beta of 1.35.

EnerSys Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Friday, June 14th. EnerSys’s dividend payout ratio (DPR) is presently 13.85%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ENS shares. StockNews.com downgraded EnerSys from a “strong-buy” rating to a “buy” rating in a research note on Friday. Oppenheimer downgraded shares of EnerSys from an “outperform” rating to a “market perform” rating in a report on Friday, February 9th. Finally, BTIG Research cut shares of EnerSys from a “buy” rating to a “neutral” rating in a research note on Friday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, EnerSys has an average rating of “Hold” and an average price target of $126.00.

EnerSys Company Profile

EnerSys provides various stored energy solutions for industrial applications worldwide. It operates in three segments: Energy Systems, Motive Power, and Specialty. The company offers uninterruptible power systems 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, renewable, and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.