Enersys (NYSE:ENS) Shares Down 7% – Here’s What Happened

Enersys (NYSE:ENS – Get Free Report)’s share price fell 7% during trading on Wednesday. The stock traded as low as $179.51 and last traded at $178.9570. 81,170 shares traded hands during trading, a decline of 83% from the average daily volume of 486,190 shares. The stock had previously closed at $192.49.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. BTIG Research reaffirmed a “buy” rating and issued a $280.00 price objective on shares of Enersys in a research report on Thursday, August 13th. Oppenheimer restated an “outperform” rating on shares of Enersys in a research note on Friday, August 14th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Enersys in a report on Tuesday, September 22nd. Zacks Research raised shares of Enersys from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 18th. Finally, Wall Street Zen upgraded shares of Enersys from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, Enersys currently has a consensus rating of “Buy” and a consensus target price of $265.00.

Check Out Our Latest Stock Report on ENS

Enersys Stock Performance

The stock has a 50-day simple moving average of $185.41 and a 200-day simple moving average of $200.86. The company has a market capitalization of $6.48 billion, a price-to-earnings ratio of 19.23, a price-to-earnings-growth ratio of 0.91 and a beta of 1.18. The company has a current ratio of 2.80, a quick ratio of 1.83 and a debt-to-equity ratio of 0.51.

Enersys (NYSE:ENS – Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The industrial products company reported $3.66 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.83. The business had revenue of $935.64 million during the quarter, compared to the consensus estimate of $928.01 million. Enersys had a net margin of 9.29% and a return on equity of 24.02%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.08 earnings per share. Enersys has set its Q2 2027 guidance at 1.950-2.050 EPS. On average, analysts anticipate that Enersys will post 13.41 earnings per share for the current 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 issued a dividend of $0.2875 per share. The ex-dividend date of this dividend was Friday, September 18th. This represents a $1.15 annualized dividend and a yield of 0.6%. This is an increase from Enersys’s previous quarterly dividend of $0.2625. Enersys’s dividend payout ratio (DPR) is 12.31%.

Institutional Investors Weigh In On Enersys

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of Enersys in the 2nd quarter valued at about $1,221,455,000. Paradigm Capital Management Inc. NY bought a new position in Enersys in the second quarter worth about $102,249,000. Bank of America Corp DE acquired a new position in Enersys in the second quarter valued at approximately $84,699,000. Bank of New York Mellon Corp acquired a new position in Enersys in the second quarter valued at approximately $69,388,000. Finally, Hill City Capital LP bought a new position in shares of Enersys during the second quarter valued at approximately $44,425,800. Institutional investors and hedge funds own 94.93% of the company’s stock.

Enersys Company Profile

(Get Free Report)

EnerSys (NYSE: ENS) is a global provider of stored energy solutions and power-management systems. The company designs, manufactures and distributes industrial batteries, energy storage systems, chargers, power-conversion equipment and related services for applications that require reliable backup or motive power.

Its product portfolio includes lead-acid and lithium-ion batteries, battery chargers and monitoring systems, as well as specialty solutions for telecommunications, data centers, utilities, transportation, material handling, aerospace and defense.

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