EnerSys (ENS) to Release Earnings on Wednesday

EnerSys (NYSE:ENS - Get Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $2.07 per share for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

EnerSys (NYSE:ENS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.98 earnings per share for the quarter, topping analysts' consensus estimates of $1.97 by $0.01. EnerSys had a net margin of 7.73% and a return on equity of 19.98%. The business had revenue of $852.90 million for the quarter, compared to the consensus estimate of $877.52 million. During the same period in the prior year, the business posted $1.89 earnings per share. EnerSys's revenue for the quarter was down 6.1% compared to the same quarter last year. On average, analysts expect EnerSys to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

EnerSys Stock Performance

ENS stock traded down $1.62 during mid-day trading on Wednesday, reaching $98.02. 198,124 shares of the stock traded hands, compared to its average volume of 241,957. The company has a quick ratio of 1.66, a current ratio of 2.70 and a debt-to-equity ratio of 0.48. EnerSys has a 52 week low of $83.27 and a 52 week high of $112.53. The business has a 50-day moving average of $99.94 and a two-hundred day moving average of $100.36. The firm has a market capitalization of $3.94 billion, a PE ratio of 15.08, a P/E/G ratio of 0.62 and a beta of 1.23.

EnerSys Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Monday, September 16th. This is a boost from EnerSys's previous quarterly dividend of $0.23. EnerSys's dividend payout ratio (DPR) is presently 14.77%.

Insider Buying and Selling

In other news, insider Chad C. Uplinger sold 500 shares of the firm's stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $100.87, for a total transaction of $50,435.00. Following the completion of the sale, the insider now owns 17,175 shares of the company's stock, valued at approximately $1,732,442.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Chad C. Uplinger sold 500 shares of the firm's stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $100.87, for a total transaction of $50,435.00. Following the completion of the sale, the insider now owns 17,175 shares of the company's stock, valued at approximately $1,732,442.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO David M. Shaffer sold 2,400 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $100.00, for a total transaction of $240,000.00. Following the sale, the chief executive officer now directly owns 244,140 shares in the company, valued at $24,414,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,700 shares of company stock valued at $2,271,843 over the last quarter. Corporate insiders own 1.61% of the company's stock.

Analysts Set New Price Targets

ENS has been the subject of several research reports. Roth Mkm reiterated a "buy" rating and issued a $120.00 target price on shares of EnerSys in a research note on Monday, September 23rd. StockNews.com cut shares of EnerSys from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, October 15th. Finally, Roth Capital upgraded shares of EnerSys to a "strong-buy" rating in a research note on Tuesday, August 27th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $118.00.

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.