EnerSys (NYSE:ENS) Releases Second Quarter Earnings Guidance

EnerSys (NYSE: ENS- Get a rating) updated its earnings guidance for the second quarter on Wednesday. The company provided earnings per share (EPS) guidance of $1.05 to $1.15 for the period, compared to the consensus estimate of $1.23.

EnerSys Price Performance

NYSE ENS shares opened at $70.88 on Friday. The company has a current ratio of 3.07, a quick ratio of 1.73 and a debt ratio of 0.96. The stock has a fifty-day simple moving average of $62.82 and a two-hundred-day simple moving average of $67.83. EnerSys has a 1 year minimum of $55.60 and a 1 year maximum of $93.52. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 22.94, a growth price-to-earnings ratio of 1.34 and a beta of 1.40.

EnerSys (NYSE: ENS- Get a rating) last released its quarterly results on Wednesday, May 25. The industrial products company reported earnings per share (EPS) of $1.20 for the quarter, beating the consensus estimate of $1.15 by $0.05. EnerSys had a net margin of 3.81% and a return on equity of 12.24%. The company posted revenue of $907.00 million for the quarter, versus analyst estimates of $872.18 million. In the same quarter a year earlier, the firm posted earnings of $1.30 per share. The company’s quarterly revenue increased by 11.5% compared to the same quarter last year. Analysts expect EnerSys to post earnings per share of 5.13 for the current year.

EnerSys Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30. Investors of record on Friday, September 16 will receive a dividend of $0.175 per share. This represents an annualized dividend of $0.70 and a yield of 0.99%. The ex-dividend date is Thursday, September 15. EnerSys’ payout ratio is 22.65%.

Analyst upgrades and downgrades

Several research analysts have recently weighed in on the stock. StockNews.com cut EnerSys shares from a buy rating to a hold rating in a research report on Friday. Oppenheimer lowered its target price on EnerSys from $88.00 to $80.00 and set an outperform rating for the company in a research report on Friday, May 27.

EnerSys Institutional Trading

A number of institutional investors have recently changed their positions in the stock. FMR LLC strengthened its position in EnerSys by 46.2% during the 2nd quarter. FMR LLC now owns 15,709 shares of the industrial products company valued at $926,000 after purchasing an additional 4,965 shares during the period. JPMorgan Chase & Co. increased its stake in EnerSys shares by 19.3% during the second quarter. JPMorgan Chase & Co. now owns 91,554 shares of the industrial products company valued at $5,398,000 after purchasing an additional 14,838 shares during the period. Jane Street Group LLC increased its holdings of EnerSys shares by 34.9% during the first quarter. Jane Street Group LLC now owns 15,586 shares of the industrial products company valued at $1,162,000 after acquiring 4,031 additional shares last quarter. Polar Capital Holdings Plc increased its stake in EnerSys by 65.1% in the first quarter. Polar Capital Holdings Plc now owns 60,388 shares of the industrial products company worth $4,503,000 after acquiring an additional 23,808 shares during the period. Finally, Quantbot Technologies LP bought a new stake in EnerSys in the first quarter at a value of $60,000. Hedge funds and other institutional investors own 97.03% of the company’s shares.

About EnerSys

(Get a rating)

EnerSys provides various stored energy solutions for industrial applications worldwide. It operates in three segments: Energy Systems, Motive Energy and Specialties. The company offers uninterruptible power supply applications for computer and computer-controlled systems, as well as telecommunications systems; electrical switchgear and control systems used in industrial facilities and electric utilities, large-scale energy storage, and energy pipelines; integrated power solutions and services for broadband, telecom, renewable and industrial customers; and thermal management cabinets and enclosures for electronic equipment and batteries.

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Earnings history and estimates for EnerSys (NYSE: ENS)

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