EnerSys (NYSE:ENS) Releases Q3 Earnings Guidance

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

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Roth Capital upgraded EnerSys to a "strong-buy" rating in a research report on Tuesday, August 27th. Roth Mkm reissued a "buy" rating and issued a $120.00 target price on shares of EnerSys in a report on Monday, September 23rd. Finally, StockNews.com raised shares of EnerSys from a "buy" rating to a "strong-buy" rating in a report on Friday, December 6th. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, EnerSys has an average rating of "Buy" and an average target price of $118.00.

EnerSys Trading Down 1.3 %

NYSE ENS traded down $1.25 on Tuesday, hitting $91.53. The company's stock had a trading volume of 265,566 shares, compared to its average volume of 247,919. The company's 50-day moving average is $97.87 and its 200 day moving average is $100.38. The firm has a market cap of $3.64 billion, a PE ratio of 12.96, a PEG ratio of 0.60 and a beta of 1.22. EnerSys has a 1-year low of $86.41 and a 1-year high of $112.53. 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 (NYSE:ENS - Get Free Report) last announced its earnings results on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share (EPS) 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 business had revenue of $883.70 million during the quarter, compared to analyst estimates of $891.78 million. During the same period last year, the company earned $1.84 EPS. EnerSys's revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, analysts predict that EnerSys will post 8.86 earnings per share for the current fiscal year.

EnerSys Announces Dividend

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 of this dividend is Friday, December 13th. EnerSys's dividend payout ratio is presently 13.60%.

Insiders Place Their Bets

In other news, CEO David M. Shaffer sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $100.01, for a total transaction of $2,000,200.00. Following the completion of the sale, the chief executive officer now 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 sale was disclosed in a filing with the SEC, which is available through this link. Company 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.