Enersys (NYSE:ENS) Shares Gap Down – What’s Next?

by · The Markets Daily

Enersys (NYSE:ENS – Get Free Report)’s stock price gapped down prior to trading 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 changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ENS shares. BTIG Research reissued a “buy” rating and issued a $280.00 price objective on shares of Enersys in a research note on Thursday, August 13th. Zacks Research cut shares of Enersys from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Enersys in a report on Tuesday, September 22nd. Oppenheimer reaffirmed an “outperform” rating on shares of Enersys in a report on Friday, August 14th. Finally, Wall Street Zen upgraded shares of Enersys from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $265.00.

View Our Latest Research Report on Enersys

Enersys Trading Up 1.9%

The company has a quick ratio of 1.83, a current ratio of 2.80 and a debt-to-equity ratio of 0.51. The business has a fifty day simple moving average of $178.96 and a 200 day simple moving average of $191.36. The company has a market cap of $5.87 billion, a price-to-earnings ratio of 17.43, a P/E/G ratio of 0.80 and a beta of 1.21.

Enersys (NYSE:ENS – Get Free Report) last posted 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 for the quarter, compared to analysts’ expectations of $928.01 million. Enersys had a net margin of 9.29% and a return on equity of 24.02%. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.08 EPS. Enersys has set its Q2 2027 guidance at 1.950-2.050 EPS. On average, equities analysts anticipate that Enersys will post 13.41 EPS for the current fiscal year.

Enersys Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 18th were given a dividend of $0.2875 per share. The ex-dividend date was Friday, September 18th. This represents a $1.15 annualized dividend and a dividend yield of 0.7%. This is an increase from Enersys’s previous quarterly dividend of $0.2625. Enersys’s payout ratio is presently 12.31%.

Institutional Trading of Enersys

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Richardson Financial Services Inc. grew its holdings in shares of Enersys by 3,640.0% during the third quarter. Richardson Financial Services Inc. now owns 187 shares of the industrial products company’s stock worth $34,000 after buying an additional 182 shares in the last quarter. Arlington Capital Management INC increased its stake in shares of Enersys by 2.2% during the 3rd quarter. Arlington Capital Management INC now owns 18,949 shares of the industrial products company’s stock valued at $3,478,000 after acquiring an additional 411 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Enersys during the third quarter worth approximately $477,000. Vise Technologies Inc. raised its position in shares of Enersys by 98.8% in the 3rd quarter. Vise Technologies Inc. now owns 7,339 shares of the industrial products company’s stock worth $1,347,000 after buying an additional 3,647 shares during the period. Finally, State of Wyoming lifted its stake in shares of Enersys by 25.5% in the 3rd quarter. State of Wyoming now owns 2,905 shares of the industrial products company’s stock valued at $533,000 after purchasing an additional 591 shares in the last quarter. Hedge funds and other institutional investors own 94.93% of the company’s stock.

About Enersys

(Get Free Report)

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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