EnerSys (NYSE:ENS) Issues Q2 2020 Earnings Guidance

EnerSys (NYSE:ENS) issued an update on its second quarter 2020 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.20-1.24 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.40. EnerSys also updated its Q2 guidance to $1.20-1.24 EPS.

Shares of NYSE ENS traded down $0.20 during trading hours on Friday, hitting $57.87. 384,563 shares of the company traded hands, compared to its average volume of 288,461. The company has a market capitalization of $2.78 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 1.12 and a beta of 1.52. The company has a quick ratio of 1.68, a current ratio of 2.51 and a debt-to-equity ratio of 0.76. The firm’s 50 day moving average is $65.95. EnerSys has a 12 month low of $55.51 and a 12 month high of $89.83.

EnerSys (NYSE:ENS) last released its earnings results on Wednesday, August 7th. The industrial products company reported $1.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.32 by ($0.02). The company had revenue of $780.20 million for the quarter, compared to the consensus estimate of $819.86 million. EnerSys had a net margin of 5.58% and a return on equity of 17.22%. The business’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.17 EPS. Sell-side analysts forecast that EnerSys will post 5.8 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Thursday, September 12th. EnerSys’s dividend payout ratio is currently 14.20%.

ENS has been the topic of several analyst reports. TheStreet downgraded EnerSys from a b- rating to a c+ rating in a research report on Thursday, May 30th. Sidoti set a $101.00 price objective on EnerSys and gave the company a buy rating in a report on Friday, May 17th. Oppenheimer dropped their price objective on EnerSys from $94.00 to $87.00 and set an outperform rating for the company in a report on Friday, May 31st. Finally, ValuEngine cut EnerSys from a hold rating to a sell rating in a report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. EnerSys has an average rating of Buy and an average price target of $90.95.

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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