Media coverage about EnerSys (NYSE:ENS) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. EnerSys earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 46.5744312568303 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
ENS has been the topic of several recent analyst reports. Zacks Investment Research raised shares of EnerSys from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. Oppenheimer reissued a “buy” rating and issued a $77.00 target price (down from $82.00) on shares of EnerSys in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. EnerSys has a consensus rating of “Hold” and a consensus target price of $80.00.
Shares of EnerSys (NYSE:ENS) opened at $68.74 on Thursday. EnerSys has a one year low of $61.33 and a one year high of $84.74. The company has a quick ratio of 2.49, a current ratio of 3.43 and a debt-to-equity ratio of 0.64. The firm has a market cap of $2,980.00, a P/E ratio of 18.68, a PEG ratio of 2.58 and a beta of 1.68.
EnerSys (NYSE:ENS) last posted its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.01. EnerSys had a net margin of 6.64% and a return on equity of 18.17%. The company had revenue of $617.30 million for the quarter, compared to the consensus estimate of $603.54 million. During the same period last year, the company posted $1.15 EPS. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. sell-side analysts anticipate that EnerSys will post 4.58 earnings per share for the current year.
EnerSys announced that its board has authorized a share repurchase plan on Wednesday, November 8th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.
The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were paid a $0.175 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.02%. EnerSys’s payout ratio is currently 19.02%.
In other news, insider Todd M. Sechrist sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $66.50, for a total value of $498,750.00. Following the sale, the insider now directly owns 61,182 shares in the company, valued at approximately $4,068,603. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.40% of the company’s stock.
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EnerSys Company Profile
EnerSys is a manufacturer, marketer and distributor of industrial batteries. The Company manufactures, markets and distributes related products, such as chargers, power equipment, outdoor cabinet enclosures and battery accessories, and provides related after-market and customer-support services for industrial batteries.
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