EnerSys (ENS) Posts Quarterly Earnings Results, Beats Estimates By $0.11 EPS
EnerSys (NYSE:ENS) issued its earnings results on Wednesday. The industrial products company reported $1.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.11, Briefing.com reports. EnerSys had a net margin of 6.64% and a return on equity of 18.17%. The firm had revenue of $658.90 million during the quarter, compared to analysts’ expectations of $634.75 million. During the same quarter last year, the company posted $1.18 earnings per share. The firm’s revenue was up 16.9% compared to the same quarter last year. EnerSys updated its Q4 guidance to $1.20-1.24 EPS.
EnerSys (NYSE:ENS) traded up $5.52 on Thursday, reaching $72.00. 457,385 shares of the company’s stock were exchanged, compared to its average volume of 269,460. EnerSys has a one year low of $61.33 and a one year high of $84.74. The company has a quick ratio of 2.49, a current ratio of 3.43 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $3,120.00, a PE ratio of 19.54, a price-to-earnings-growth ratio of 2.41 and a beta of 1.60.
ENS has been the subject of several recent research reports. Zacks Investment Research raised shares of EnerSys from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. Oppenheimer reissued a “buy” rating and set a $77.00 target price (down previously from $82.00) on shares of EnerSys in a report on Wednesday, November 1st. CL King raised shares of EnerSys from a “neutral” rating to a “buy” rating in a report on Tuesday, January 16th. ValuEngine cut shares of EnerSys from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Sidoti cut shares of EnerSys from a “buy” rating to a “neutral” rating and set a $79.00 target price for the company. in a report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $78.00.
EnerSys declared that its board has authorized a share repurchase plan on Wednesday, November 8th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the industrial products company to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.
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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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