EnerSys (NYSE:ENS) Updates Q3 Earnings Guidance

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

Analysts Set New Price Targets

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

EnerSys Stock Down 1.3 %

Shares of NYSE:ENS traded down $1.25 during trading on Tuesday, hitting $91.53. 265,566 shares of the company were exchanged, compared to its average volume of 247,903. EnerSys has a fifty-two week low of $86.41 and a fifty-two week high of $112.53. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of 13.14, a P/E/G ratio of 0.60 and a beta of 1.22. The company has a current ratio of 2.97, a quick ratio of 1.87 and a debt-to-equity ratio of 0.65. The firm has a fifty day moving average price of $98.05 and a two-hundred day moving average price of $100.50.

EnerSys (NYSE:ENS) last announced its quarterly 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 for the quarter, compared to the consensus estimate of $891.78 million. EnerSys had a return on equity of 20.04% and a net margin of 8.25%. The business’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.84 earnings per share. As a group, research analysts anticipate that EnerSys will post 8.86 earnings per share for the current fiscal year.

EnerSys Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors 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 annualized dividend and a yield of 1.05%. EnerSys’s payout ratio is currently 13.60%.

Insider Activity

In other EnerSys news, CEO David M. Shaffer sold 20,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $100.01, for a total value of $2,000,200.00. Following the transaction, the chief executive officer now directly owns 206,724 shares of the company’s stock, valued at $20,674,467.24. This trade represents a 8.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.61% of the stock is currently owned by company 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.