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.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ENS. Roth Capital upgraded shares of EnerSys to a “strong-buy” rating in a report on Tuesday, August 27th. StockNews.com upgraded shares of EnerSys from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. Finally, Roth Mkm restated a “buy” rating and issued a $120.00 target price on shares of EnerSys in a report on Monday, September 23rd. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $118.00.

EnerSys Stock Down 1.3 %

ENS stock opened at $91.53 on Wednesday. The company has a 50 day moving average of $97.87 and a two-hundred day moving average of $100.38. The company has a quick ratio of 1.87, a current ratio of 2.97 and a debt-to-equity ratio of 0.65. EnerSys has a 12-month low of $86.41 and a 12-month high of $112.53. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 0.60 and a beta of 1.22.

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 the consensus estimate of $2.07 by $0.05. EnerSys had a return on equity of 20.04% and a net margin of 8.25%. The company had revenue of $883.70 million for the quarter, compared to analyst estimates of $891.78 million. During the same period in the prior year, the firm posted $1.84 EPS. The business’s revenue was down 1.9% compared to the same quarter last year. On average, equities analysts anticipate that EnerSys will post 8.86 earnings per share for the current fiscal year.

EnerSys Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Friday, December 13th. EnerSys’s dividend payout ratio is 13.60%.

Insider Buying and Selling

In other news, CEO David M. Shaffer sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $100.01, for a total transaction of $2,000,200.00. Following the sale, the chief executive officer now directly owns 206,724 shares in the company, valued at approximately $20,674,467.24. The trade was a 8.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.61% of the stock is owned by 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.