EnerSys (NYSE:ENS) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

EnerSys (NYSE:ENS) issued its quarterly earnings data on Wednesday. The industrial products company reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.01, Briefing.com reports. EnerSys had a return on equity of 20.21% and a net margin of 7.51%. The firm had revenue of $852.90 million during the quarter, compared to the consensus estimate of $877.52 million. During the same period in the prior year, the business earned $1.89 EPS. The firm’s revenue was down 6.1% on a year-over-year basis.

EnerSys Stock Performance

Shares of NYSE:ENS traded up $0.38 during trading on Friday, hitting $94.30. 205,234 shares of the stock were exchanged, compared to its average volume of 247,164. The company’s fifty day simple moving average is $104.27 and its 200-day simple moving average is $97.62. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.50 and a current ratio of 2.46. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of 14.51, a price-to-earnings-growth ratio of 0.67 and a beta of 1.28. EnerSys has a 1-year low of $83.27 and a 1-year high of $112.53.

EnerSys Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a $0.24 dividend. This is an increase from EnerSys’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Monday, September 16th. EnerSys’s payout ratio is currently 14.77%.

Analyst Ratings Changes

A number of research firms recently weighed in on ENS. StockNews.com lowered EnerSys from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 26th. BTIG Research lowered EnerSys from a “buy” rating to a “neutral” rating in a research report on Friday, May 24th.

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.