EnerSys (ENS) Issues Q3 2019 Earnings Guidance

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

A number of analysts recently weighed in on the stock. ValuEngine lowered shares of EnerSys from a buy rating to a hold rating in a research note on Tuesday, October 23rd. Zacks Investment Research lowered shares of EnerSys from a hold rating to a sell rating in a research report on Tuesday, July 31st. Sidoti set a $106.00 price target on shares of EnerSys and gave the company a buy rating in a research report on Tuesday, October 30th. Oppenheimer reissued a buy rating on shares of EnerSys in a research report on Tuesday, October 30th. Finally, Citigroup increased their price target on shares of EnerSys from $86.00 to $95.00 and gave the company an outperform rating in a research report on Thursday, October 4th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of Buy and an average price target of $99.00.

Shares of ENS stock traded up $0.01 during mid-day trading on Thursday, hitting $88.21. 49,258 shares of the stock traded hands, compared to its average volume of 237,006. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 1.68 and a beta of 1.41. EnerSys has a 52-week low of $62.85 and a 52-week high of $89.23. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.46 and a current ratio of 3.33.

EnerSys (NYSE:ENS) last released its quarterly earnings results on Wednesday, November 7th. The industrial products company reported $1.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.01. The business had revenue of $660.50 million during the quarter, compared to analyst estimates of $659.18 million. EnerSys had a net margin of 4.46% and a return on equity of 17.30%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.05 earnings per share. As a group, equities analysts predict that EnerSys will post 5.05 earnings per share for the current fiscal year.

In other EnerSys news, insider Myles Jones sold 13,460 shares of the stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $80.29, for a total transaction of $1,080,703.40. Following the completion of the sale, the insider now directly owns 49,102 shares of the company’s stock, valued at $3,942,399.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Holger P. Aschke sold 3,915 shares of the stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $77.00, for a total transaction of $301,455.00. Following the sale, the insider now directly owns 38,294 shares of the company’s stock, valued at $2,948,638. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,920 shares of company stock valued at $1,732,714. Insiders own 1.50% of the company’s stock.

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About EnerSys

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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