EnerSys (ENS) Shares Down 2.3%
EnerSys (NYSE:ENS)’s share price fell 2.3% on Friday . The company traded as low as $70.47 and last traded at $70.60, with a volume of 387,932 shares. The stock had previously closed at $72.25.
A number of research firms have weighed in on ENS. Maxim Group upped their price target on EnerSys from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, August 12th. Zacks Investment Research raised EnerSys from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a report on Wednesday, May 25th. Finally, Stifel Nicolaus increased their price objective on EnerSys from $67.00 to $70.00 and gave the company a “buy” rating in a report on Friday, May 6th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $71.33.
The firm has a market cap of $3.04 billion and a price-to-earnings ratio of 23.63. The firm’s 50 day moving average price is $65.79 and its 200-day moving average price is $59.07.
EnerSys (NYSE:ENS) last issued its earnings results on Wednesday, August 10th. The company reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.04. During the same quarter in the previous year, the firm posted $1.00 earnings per share. The business earned $600.60 million during the quarter, compared to the consensus estimate of $599.28 million. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, equities analysts expect that EnerSys will post $4.45 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be issued a $0.175 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.70 dividend on an annualized basis and a yield of 1.00%.
In other EnerSys news, VP Kerry M. Kane sold 2,500 shares of EnerSys stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $64.00, for a total value of $160,000.00. Following the completion of the sale, the vice president now directly owns 18,237 shares in the company, valued at $1,167,168. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John D. Craig sold 25,779 shares of EnerSys stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $59.93, for a total value of $1,544,935.47. Following the completion of the sale, the director now owns 181,602 shares of the company’s stock, valued at $10,883,407.86. The disclosure for this sale can be found here.
EnerSys is a manufacturer, marketer and distributor of industrial batteries. The Company manufactures, markets and distributes related products, such as chargers, power equipment, outdoor cabinet enclosures and battery accessories, and provides related after-market and customer-support services for industrial batteries.
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