EnerSys (ENS) Trading Down 2.3%
EnerSys (NYSE:ENS)’s share price dropped 2.3% during mid-day trading on Friday . The company traded as low as $70.47 and last traded at $70.60, with a volume of 387,932 shares traded. The stock had previously closed at $72.25.
ENS has been the subject of a number of research analyst reports. Maxim Group raised their target price on EnerSys from $74.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, August 12th. Zacks Investment Research upgraded EnerSys from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a research note on Wednesday, May 25th. Finally, Stifel Nicolaus lifted their price objective on EnerSys from $67.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, May 6th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. EnerSys presently has an average rating of “Buy” and a consensus price target of $71.33.
The firm has a market capitalization of $3.04 billion and a PE ratio of 23.63. The firm’s 50-day moving average is $65.52 and its 200 day moving average is $58.89.
EnerSys (NYSE:ENS) last issued its earnings results on Wednesday, August 10th. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.04. The firm had revenue of $600.60 million for the quarter, compared to analyst estimates of $599.28 million. During the same quarter in the previous year, the firm posted $1.00 EPS. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. Equities research analysts forecast that EnerSys will post $4.45 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be paid a dividend of $0.175 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.00%.
In other EnerSys news, VP Kerry M. Kane sold 2,500 shares of the company’s stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of $64.00, for a total value of $160,000.00. Following the completion of the transaction, the vice president now owns 18,237 shares in the company, valued at $1,167,168. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John D. Craig sold 25,779 shares of the company’s stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $59.93, for a total transaction of $1,544,935.47. Following the completion of the transaction, the director now owns 181,602 shares of the company’s stock, valued at approximately $10,883,407.86. The disclosure for this sale can be found here.
An institutional investor recently bought a new position in EnerSys stock. Trexquant Investment LP acquired a new stake in shares of EnerSys (NYSE:ENS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 26,600 shares of the company’s stock, valued at approximately $1,488,000. Trexquant Investment LP owned about 0.06% of EnerSys as of its most recent filing with the SEC.
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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