EnerSys (NYSE:ENS) Issues Quarterly Earnings Results

EnerSys (NYSE:ENS – Get Rating) released its quarterly earnings data on Wednesday. The industrial products company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.44, Briefing.com reports. EnerSys had a net margin of 3.81% and a return on equity of 13.30%. The company had revenue of $990.00 million during the quarter, compared to analysts’ expectations of $953.05 million. During the same period in the previous year, the company earned $1.20 EPS. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. EnerSys updated its Q1 guidance to $1.77-$1.87 EPS.

EnerSys Trading Down 1.9 %

NYSE ENS opened at $84.08 on Thursday. The company has a quick ratio of 1.54, a current ratio of 2.79 and a debt-to-equity ratio of 0.72. The firm has a market cap of $3.43 billion, a PE ratio of 25.17, a price-to-earnings-growth ratio of 1.00 and a beta of 1.36. The company has a 50 day moving average price of $83.04 and a 200 day moving average price of $81.20. EnerSys has a 52 week low of $55.60 and a 52 week high of $94.32.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of EnerSys in a report on Thursday, May 18th. They issued a “strong-buy” rating for the company.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Captrust Financial Advisors raised its stake in shares of EnerSys by 6.1% during the 2nd quarter. Captrust Financial Advisors now owns 2,928 shares of the industrial products company’s stock worth $173,000 after acquiring an additional 168 shares in the last quarter. Cim Investment Management Inc. raised its stake in shares of EnerSys by 3.6% during the 1st quarter. Cim Investment Management Inc. now owns 6,559 shares of the industrial products company’s stock worth $570,000 after acquiring an additional 226 shares in the last quarter. FMR LLC grew its position in EnerSys by 1.0% during the 1st quarter. FMR LLC now owns 25,873 shares of the industrial products company’s stock worth $2,248,000 after purchasing an additional 250 shares during the last quarter. Covestor Ltd grew its position in EnerSys by 58.2% during the 1st quarter. Covestor Ltd now owns 930 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 342 shares during the last quarter. Finally, Advisor Group Holdings Inc. grew its position in EnerSys by 3.3% during the 4th quarter. Advisor Group Holdings Inc. now owns 13,186 shares of the industrial products company’s stock worth $974,000 after purchasing an additional 423 shares during the last quarter. Institutional investors own 95.66% of the company’s stock.

About EnerSys

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EnerSys engages in the provision of stored energy solutions for industrial applications. It operates through the following segments: Energy Systems, Motive Power, and Specialty. The Energy Systems segment combines enclosures, power conversion, power distribution, and energy storage used in the telecommunication, broadband, and utility industries.