Enersys (NYSE:ENS) Issues Quarterly Earnings Results

Enersys (NYSE:ENS) issued its earnings results on Wednesday. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.00 by $0.19, FiscalAI reports. Enersys had a net margin of 8.37% and a return on equity of 21.27%. The company had revenue of $987.94 million during the quarter, compared to analysts’ expectations of $973.84 million.

Enersys Price Performance

Enersys stock traded down $3.58 during mid-day trading on Wednesday, hitting $213.83. 687,420 shares of the company were exchanged, compared to its average volume of 419,581. Enersys has a 12-month low of $76.60 and a 12-month high of $239.69. The company has a market capitalization of $7.88 billion, a P/E ratio of 26.50, a PEG ratio of 1.25 and a beta of 1.17. The business’s 50 day simple moving average is $192.86 and its two-hundred day simple moving average is $168.90. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.75 and a quick ratio of 1.72.

Institutional Investors Weigh In On Enersys

Hedge funds have recently modified their holdings of the company. CIBC Private Wealth Group LLC raised its position in shares of Enersys by 116.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 182 shares of the industrial products company’s stock valued at $27,000 after buying an additional 98 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Enersys in the 4th quarter worth approximately $30,000. Allworth Financial LP raised its holdings in Enersys by 442.2% in the 3rd quarter. Allworth Financial LP now owns 244 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 199 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Enersys by 68.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 273 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 111 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Enersys by 391.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 506 shares of the industrial products company’s stock worth $74,000 after purchasing an additional 403 shares during the period. 94.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ENS shares. Wall Street Zen downgraded Enersys from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Enersys in a report on Friday, April 24th. Roth Mkm restated a “buy” rating and issued a $208.00 price target (up from $164.00) on shares of Enersys in a research report on Tuesday, February 3rd. BTIG Research boosted their price objective on shares of Enersys from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Finally, TD Cowen started coverage on shares of Enersys in a research note on Thursday, March 19th. They issued a “buy” rating and a $190.00 price objective on the stock. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.25.

Enersys Company Profile

Enersys, headquartered in Reading, Pennsylvania, is a global leader in stored energy solutions, specializing in manufacturing and distributing industrial batteries, battery chargers, power equipment, and related accessories. The company serves a diverse range of end markets, including telecommunications, data centers, medical, aerospace, defense, electric vehicle motive power, and utility outcomes. Its products are engineered to deliver critical reserve power and motive power applications across key infrastructure and industrial sectors.

The company’s product portfolio encompasses lead-acid batteries, lithium-ion energy storage systems, chargers, inverters, power management software, and a broad array of battery accessories.