EnerSys (NYSE:ENS) Issues Earnings Results

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

EnerSys Trading Down 6.1 %

Shares of NYSE ENS traded down $6.18 during midday trading on Thursday, hitting $95.72. 655,921 shares of the company traded hands, compared to its average volume of 244,991. 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 has a 50-day moving average price of $99.95 and a 200 day moving average price of $100.66. The firm has a market cap of $3.85 billion, a P/E ratio of 15.41, a P/E/G ratio of 0.61 and a beta of 1.24.

Insider Buying and Selling at EnerSys

In other news, CEO David M. Shaffer sold 17,600 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $100.08, for a total value of $1,761,408.00. Following the completion of the transaction, the chief executive officer now owns 226,540 shares in the company, valued at $22,672,123.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other EnerSys news, CEO David M. Shaffer sold 2,400 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $100.00, for a total value of $240,000.00. Following the sale, the chief executive officer now owns 244,140 shares in the company, valued at approximately $24,414,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David M. Shaffer sold 17,600 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $100.08, for a total value of $1,761,408.00. Following the transaction, the chief executive officer now owns 226,540 shares of the company’s stock, valued at $22,672,123.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,700 shares of company stock valued at $2,271,843. 1.61% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ENS has been the topic of a number of analyst reports. Roth Mkm reissued a “buy” rating and set a $120.00 target price on shares of EnerSys in a report on Monday, September 23rd. Roth Capital upgraded shares of EnerSys to a “strong-buy” rating in a research report on Tuesday, August 27th. Finally, StockNews.com lowered EnerSys from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 15th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.