Enersys (NYSE:ENS – Get Free Report)’s stock price gapped down before the market opened on Monday. The stock had previously closed at $171.36, but opened at $162.60. Enersys shares last traded at $161.9380, with a volume of 8,930 shares.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the company. Oppenheimer reissued an “outperform” rating on shares of Enersys in a report on Friday, August 14th. Zacks Research lowered shares of Enersys from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 13th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Enersys in a research note on Tuesday, September 22nd. BTIG Research reiterated a “buy” rating and issued a $280.00 price target on shares of Enersys in a research note on Thursday, August 13th. Finally, Wall Street Zen raised shares of Enersys from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $265.00.
Read Our Latest Report on Enersys
Enersys Stock Up 5.1%
The stock has a market cap of $6.06 billion, a P/E ratio of 18.00, a price-to-earnings-growth ratio of 0.80 and a beta of 1.21. The firm has a 50 day simple moving average of $177.98 and a 200-day simple moving average of $191.36. The company has a quick ratio of 1.83, a current ratio of 2.80 and a debt-to-equity ratio of 0.51.
Enersys (NYSE:ENS – Get Free Report) last issued its earnings results on Wednesday, August 12th. The industrial products company reported $3.66 EPS for the quarter, topping the consensus estimate of $2.83 by $0.83. Enersys had a return on equity of 24.02% and a net margin of 9.29%. The company had revenue of $935.64 million during the quarter, compared to the consensus estimate of $928.01 million. During the same period in the previous year, the company posted $2.08 EPS. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. Enersys has set its Q2 2027 guidance at 1.950-2.050 EPS. On average, equities research analysts forecast that Enersys will post 13.41 earnings per share for the current fiscal year.
Enersys Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 18th were given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 0.7%. This is a positive change from Enersys’s previous quarterly dividend of $0.2625. The ex-dividend date of this dividend was Friday, September 18th. Enersys’s dividend payout ratio (DPR) is presently 12.31%.
Hedge Funds Weigh In On Enersys
Several large investors have recently modified their holdings of ENS. Candriam S.C.A. acquired a new position in Enersys in the third quarter valued at about $5,055,000. Ethic Inc. increased its holdings in Enersys by 12.3% in the 3rd quarter. Ethic Inc. now owns 3,217 shares of the industrial products company’s stock valued at $590,000 after buying an additional 352 shares during the period. Parallel Advisors LLC raised its position in shares of Enersys by 18.6% in the 3rd quarter. Parallel Advisors LLC now owns 777 shares of the industrial products company’s stock valued at $143,000 after buying an additional 122 shares in the last quarter. Alps Advisors Inc. raised its position in shares of Enersys by 70.5% in the 3rd quarter. Alps Advisors Inc. now owns 12,982 shares of the industrial products company’s stock valued at $2,383,000 after buying an additional 5,367 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC lifted its holdings in shares of Enersys by 17.2% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 3,332 shares of the industrial products company’s stock worth $612,000 after acquiring an additional 488 shares during the period. 94.93% of the stock is owned by institutional investors.
About Enersys
EnerSys (NYSE: ENS) is a global provider of stored energy solutions for industrial, transportation, telecommunications, utility, data center, aerospace and defense applications. The company designs, manufactures and distributes industrial batteries, battery chargers, power systems and related equipment used for backup power, motive power and energy management.
Its product portfolio includes lead-acid and lithium-ion batteries, motive-power systems for electric forklifts and other material-handling equipment, reserve-power batteries for telecommunications and data centers, and specialized energy systems for aerospace, defense and other critical applications.
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