Enersys (NYSE:ENS) Issues Earnings Results

Enersys (NYSE:ENS) posted its quarterly earnings results on Wednesday. The industrial products company reported $3.19 EPS for the quarter, beating the consensus estimate of $3.00 by $0.19, FiscalAI reports. The company had revenue of $987.94 million during the quarter, compared to analysts’ expectations of $973.84 million. Enersys had a return on equity of 21.27% and a net margin of 8.37%.

Enersys Trading Down 1.6%

Shares of Enersys stock traded down $3.58 during trading hours on Wednesday, hitting $213.83. The company’s stock had a trading volume of 687,420 shares, compared to its average volume of 419,581. The business has a fifty day moving average of $192.86 and a 200 day moving average of $168.90. Enersys has a 1-year low of $76.60 and a 1-year high of $239.69. The company has a quick ratio of 1.72, a current ratio of 2.75 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $7.88 billion, a PE ratio of 26.50, a P/E/G ratio of 1.25 and a beta of 1.17.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ENS shares. TD Cowen began coverage on shares of Enersys in a report on Thursday, March 19th. They issued a “buy” rating and a $190.00 target price for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Enersys in a report on Friday, April 24th. BTIG Research boosted their price objective on shares of Enersys from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Roth Mkm reaffirmed a “buy” rating and issued a $208.00 target price (up from $164.00) on shares of Enersys in a research report on Tuesday, February 3rd. Finally, Wall Street Zen cut Enersys from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $180.25.

Institutional Trading of Enersys

Institutional investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. boosted its position in shares of Enersys by 98.3% in the fourth quarter. Pacer Advisors Inc. now owns 9,795 shares of the industrial products company’s stock worth $1,437,000 after buying an additional 4,855 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in Enersys by 11.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 11,614 shares of the industrial products company’s stock worth $1,704,000 after acquiring an additional 1,212 shares in the last quarter. State of Tennessee Department of Treasury boosted its holdings in Enersys by 22.7% in the 4th quarter. State of Tennessee Department of Treasury now owns 21,129 shares of the industrial products company’s stock worth $3,101,000 after acquiring an additional 3,903 shares during the period. EP Wealth Advisors LLC acquired a new stake in Enersys in the fourth quarter valued at approximately $363,000. Finally, Empowered Funds LLC grew its position in Enersys by 49.0% in the fourth quarter. Empowered Funds LLC now owns 3,338 shares of the industrial products company’s stock valued at $490,000 after acquiring an additional 1,098 shares in the last quarter. 94.93% of the stock is owned by hedge funds and other institutional investors.

About Enersys

Enersys, headquartered in Reading, Pennsylvania, is a global leader in stored energy solutions, specializing in manufacturing and distributing industrial batteries, battery chargers, power equipment, and related accessories. The company serves a diverse range of end markets, including telecommunications, data centers, medical, aerospace, defense, electric vehicle motive power, and utility outcomes. Its products are engineered to deliver critical reserve power and motive power applications across key infrastructure and industrial sectors.

The company’s product portfolio encompasses lead-acid batteries, lithium-ion energy storage systems, chargers, inverters, power management software, and a broad array of battery accessories.