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.

Wall Street Analysts Forecast Growth

ENS has been the topic of several analyst reports. 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. Roth Capital upgraded shares of EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. Finally, StockNews.com upgraded shares of EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 6th. 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 company. Based on data from MarketBeat.com, EnerSys has an average rating of “Buy” and an average price target of $118.00.

EnerSys Price Performance

Shares of EnerSys stock traded down $1.25 during trading hours on Tuesday, reaching $91.53. The company’s stock had a trading volume of 265,566 shares, compared to its average volume of 247,903. The firm has a 50 day moving average price of $98.05 and a 200-day moving average price of $100.50. EnerSys has a one year low of $86.41 and a one 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. The stock has a market cap of $3.64 billion, a P/E ratio of 12.96, a P/E/G ratio of 0.60 and a beta of 1.22.

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

EnerSys Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Friday, December 13th. EnerSys’s dividend payout ratio (DPR) is presently 13.60%.

Insider Buying and Selling at EnerSys

In related news, CEO David M. Shaffer sold 20,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $20,674,467.24. This trade represents a 8.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.61% of the company’s stock.

EnerSys Company Profile

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.