EnerSys (NYSE:ENS) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

EnerSys (NYSE:ENS) released its quarterly earnings results 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 business had revenue of $852.90 million for the quarter, compared to analyst estimates of $877.52 million. During the same period in the prior year, the company earned $1.89 EPS. EnerSys’s revenue for the quarter was down 6.1% on a year-over-year basis.

EnerSys Trading Up 0.4 %

Shares of NYSE ENS traded up $0.38 during midday trading on Friday, hitting $94.30. The stock had a trading volume of 205,234 shares, compared to its average volume of 247,164. The firm has a market cap of $3.79 billion, a P/E ratio of 14.51, a price-to-earnings-growth ratio of 0.67 and a beta of 1.28. EnerSys has a fifty-two week low of $83.27 and a fifty-two week high of $112.53. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.46 and a quick ratio of 1.50. The company’s 50-day simple moving average is $104.27 and its 200 day simple moving average is $97.62.

EnerSys Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ENS. BTIG Research cut EnerSys from a “buy” rating to a “neutral” rating in a report on Friday, May 24th. StockNews.com downgraded shares of EnerSys from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 26th.

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.