EnerSys (ENS) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

EnerSys (NYSE:ENS) issued its earnings results on Wednesday. The industrial products company reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.01, Briefing.com reports. EnerSys had a return on equity of 17.52% and a net margin of 4.63%. The firm had revenue of $683.00 million for the quarter, compared to analysts’ expectations of $669.19 million. During the same period in the previous year, the firm posted $1.28 earnings per share. The business’s revenue was up 9.0% compared to the same quarter last year. EnerSys updated its Q1 guidance to $1.15-1.19 EPS.

Shares of EnerSys opened at $79.16 on Friday, Marketbeat reports. The company has a market capitalization of $3.09 billion, a P/E ratio of 17.02, a price-to-earnings-growth ratio of 1.40 and a beta of 1.48. EnerSys has a 52 week low of $73.43 and a 52 week high of $74.87. The company has a quick ratio of 2.53, a current ratio of 3.47 and a debt-to-equity ratio of 0.61.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Thursday, June 14th. EnerSys’s dividend payout ratio (DPR) is 15.05%.

ENS has been the topic of several research reports. Sidoti cut EnerSys from a “buy” rating to a “neutral” rating and set a $79.00 target price on the stock. in a report on Tuesday, January 23rd. ValuEngine upgraded EnerSys from a “hold” rating to a “buy” rating in a research report on Saturday, March 10th. Zacks Investment Research lowered EnerSys from a “buy” rating to a “hold” rating in a research report on Tuesday, April 10th. Finally, TheStreet lowered EnerSys from a “b” rating to a “c+” rating in a research report on Friday, February 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. EnerSys has a consensus rating of “Hold” and a consensus target price of $76.67.

EnerSys Company Profile

EnerSys manufactures, markets, and distributes industrial batteries. The company offers chargers, outdoor cabinet enclosures, power equipment, and battery accessories, as well as related after-market and customer-support services for industrial batteries. It also provides reserve power products that are used for backup power for the continuous operation of critical applications in telecommunications systems, uninterruptible power systems applications for computer and computer-controlled systems, and other specialty power applications, including medical and security systems, premium starting, lighting, and ignition applications, as well as in switchgear, electrical control systems used in electric utilities, large-scale energy storage, energy pipelines, commercial aircraft, satellites, military aircraft, submarines, ships, and tactical vehicles.

Earnings History for EnerSys (NYSE:ENS)

Receive News & Ratings for EnerSys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EnerSys and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply