EnerSys (ENS) Updates Q3 Earnings Guidance

EnerSys (NYSE:ENS) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.23-1.27 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.31. EnerSys also updated its Q3 2019 guidance to $1.23-1.27 EPS.

Shares of EnerSys stock traded up $3.46 during trading on Wednesday, reaching $88.20. 318,022 shares of the stock traded hands, compared to its average volume of 207,598. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 1.63 and a beta of 1.41. The company has a quick ratio of 2.46, a current ratio of 3.33 and a debt-to-equity ratio of 0.50. EnerSys has a 52-week low of $62.85 and a 52-week high of $89.23.

EnerSys (NYSE:ENS) last issued its quarterly earnings data on Wednesday, August 8th. The industrial products company reported $1.17 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.17. The firm had revenue of $670.90 million during the quarter, compared to analyst estimates of $649.63 million. EnerSys had a return on equity of 17.30% and a net margin of 4.46%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.12 earnings per share. On average, equities analysts expect that EnerSys will post 5.05 EPS for the current fiscal year.

ENS has been the subject of a number of research analyst reports. Zacks Investment Research lowered EnerSys from a hold rating to a sell rating in a research report on Tuesday, July 31st. ValuEngine upgraded EnerSys from a hold rating to a buy rating in a research report on Monday, September 24th. Citigroup raised their price objective on EnerSys from $86.00 to $95.00 and gave the company an outperform rating in a research report on Thursday, October 4th. Oppenheimer raised their price objective on EnerSys from $86.00 to $95.00 and gave the company an outperform rating in a research report on Thursday, October 4th. Finally, Sidoti raised their price objective on EnerSys from $93.00 to $104.00 and gave the company a buy rating in a research report on Thursday, October 4th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $99.00.

In related news, insider Holger P. Aschke sold 3,915 shares of EnerSys stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $77.00, for a total value of $301,455.00. Following the completion of the transaction, the insider now owns 38,294 shares in the company, valued at $2,948,638. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Myles Jones sold 13,460 shares of EnerSys stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $80.29, for a total value of $1,080,703.40. Following the completion of the transaction, the insider now owns 49,102 shares of the company’s stock, valued at approximately $3,942,399.58. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,920 shares of company stock valued at $1,732,714. 1.50% of the stock is currently owned by company insiders.

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EnerSys Company Profile

EnerSys manufactures, markets, and distributes industrial batteries. The company offers battery chargers, power equipment, battery accessories, and outdoor cabinet enclosures, 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.

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Earnings History and Estimates for EnerSys (NYSE:ENS)

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