EnerSys (NYSE:ENS) Releases Q3 Earnings Guidance

EnerSys (NYSE:ENS) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $3.00-3.10 for the period, compared to the consensus estimate of $2.23. EnerSys also updated its FY25 guidance to $9.65-9.95 EPS.

EnerSys Price Performance

Shares of NYSE ENS opened at $94.16 on Thursday. The firm has a market capitalization of $3.75 billion, a PE ratio of 13.34, a P/E/G ratio of 0.60 and a beta of 1.22. The business’s fifty day moving average price is $97.70 and its two-hundred day moving average price is $100.34. EnerSys has a 1-year low of $86.41 and a 1-year high of $112.53. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 1.87.

EnerSys (NYSE:ENS) last issued its earnings results on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.05. The firm had revenue of $883.70 million during the quarter, compared to analysts’ expectations of $891.78 million. EnerSys had a net margin of 8.25% and a return on equity of 20.04%. During the same period last year, the firm posted $1.84 earnings per share. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. On average, research analysts expect that EnerSys will post 8.86 EPS for the current year.

EnerSys Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, December 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.02%. EnerSys’s dividend payout ratio (DPR) is presently 13.60%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ENS. StockNews.com upgraded shares of EnerSys from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. Roth Capital upgraded EnerSys to a “strong-buy” rating in a report on Tuesday, August 27th. Finally, Roth Mkm restated a “buy” rating and set a $120.00 target price on shares of EnerSys in a research note on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, EnerSys has a consensus rating of “Buy” and a consensus price target of $118.00.

Insider Buying and Selling

In related news, CEO David M. Shaffer sold 20,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $100.01, for a total value of $2,000,200.00. Following the sale, the chief executive officer now owns 206,724 shares in the company, valued at approximately $20,674,467.24. This trade represents a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.61% of the stock is currently owned by corporate insiders.

About EnerSys

EnerSys engages in the provision of stored energy solutions for industrial applications worldwide. It operates in four segments: Energy Systems, Motive Power, Specialty, and New Ventures. The Energy Systems segment offers uninterruptible power systems (UPS) applications for computer and computer-controlled systems, as well as telecommunications systems; switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage, and energy pipelines; integrated power solutions and services to broadband, telecom, data center, and renewable and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.