EnerSys (NYSE:ENS) Announces Earnings Results

EnerSys (NYSE:ENS – Get Rating) posted its quarterly earnings results on Wednesday. The industrial products company reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.44, Briefing.com reports. The company had revenue of $990.00 million for the quarter, compared to analyst estimates of $953.05 million. EnerSys had a return on equity of 15.11% and a net margin of 4.74%. EnerSys’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.20 EPS. EnerSys updated its Q1 guidance to $1.77-$1.87 EPS.

EnerSys Trading Up 14.4 %

ENS opened at $96.22 on Friday. EnerSys has a one year low of $55.60 and a one year high of $96.36. The company has a market cap of $3.93 billion, a P/E ratio of 22.59, a PEG ratio of 0.98 and a beta of 1.36. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.54 and a current ratio of 2.79. The business’s 50-day simple moving average is $83.33 and its 200-day simple moving average is $81.30.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on EnerSys in a report on Thursday, May 18th. They issued a “strong-buy” rating on the stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ENS. HighTower Advisors LLC purchased a new position in EnerSys during the 1st quarter worth approximately $264,000. Bank of Montreal Can grew its stake in EnerSys by 12.9% during the 1st quarter. Bank of Montreal Can now owns 10,670 shares of the industrial products company’s stock worth $812,000 after buying an additional 1,221 shares during the last quarter. MetLife Investment Management LLC grew its stake in EnerSys by 35.1% during the 1st quarter. MetLife Investment Management LLC now owns 47,723 shares of the industrial products company’s stock worth $3,559,000 after buying an additional 12,406 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in EnerSys by 8.8% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,118 shares of the industrial products company’s stock worth $1,127,000 after buying an additional 1,229 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in EnerSys by 7.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,403,889 shares of the industrial products company’s stock worth $104,691,000 after buying an additional 101,062 shares during the last quarter. Hedge funds and other institutional investors own 95.66% of the company’s stock.

EnerSys Company Profile

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EnerSys engages in the provision of stored energy solutions for industrial applications. It operates through the following segments: Energy Systems, Motive Power, and Specialty. The Energy Systems segment combines enclosures, power conversion, power distribution, and energy storage used in the telecommunication, broadband, and utility industries.