EnerSys (NYSE:ENS – Get Rating) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $1.10-$1.20 for the period, compared to the consensus earnings per share estimate of $1.20. EnerSys also updated its Q1 2023 guidance to $1.10-$1.20 EPS.
ENS has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded EnerSys from a hold rating to a sell rating and set a $74.00 target price for the company. in a report on Monday, February 14th. StockNews.com began coverage on shares of EnerSys in a research note on Thursday, March 31st. They issued a buy rating for the company. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Buy and an average target price of $96.33.
Shares of NYSE ENS traded up $1.61 during midday trading on Wednesday, reaching $64.97. The stock had a trading volume of 338,206 shares, compared to its average volume of 279,616. The stock has a 50-day moving average of $69.33 and a 200-day moving average of $73.63. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.88 and a current ratio of 2.96. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 18.78, a price-to-earnings-growth ratio of 1.18 and a beta of 1.40. EnerSys has a 12-month low of $59.92 and a 12-month high of $100.23.
Several hedge funds have recently bought and sold shares of ENS. Jane Street Group LLC boosted its stake in EnerSys by 34.9% during the first quarter. Jane Street Group LLC now owns 15,586 shares of the industrial products company’s stock worth $1,162,000 after buying an additional 4,031 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of 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 valued at $1,127,000 after purchasing an additional 1,229 shares in the last quarter. LPL Financial LLC raised its position in shares of EnerSys by 15.2% in the fourth quarter. LPL Financial LLC now owns 10,335 shares of the industrial products company’s stock worth $817,000 after acquiring an additional 1,362 shares during the period. Bank of Montreal Can grew its position in shares of EnerSys by 12.9% in the first quarter. Bank of Montreal Can now owns 10,670 shares of the industrial products company’s stock valued at $812,000 after purchasing an additional 1,221 shares during the period. Finally, Sei Investments Co. raised its position in shares of EnerSys by 7.3% in the fourth quarter. Sei Investments Co. now owns 8,580 shares of the industrial products company’s stock valued at $677,000 after buying an additional 587 shares during the last quarter. 97.03% of the stock is owned by hedge funds and other institutional investors.
About EnerSys (Get Rating)
EnerSys provides various stored energy solutions for industrial applications worldwide. It operates in three segments: Energy Systems, Motive Power, and Specialty. The company offers uninterruptible power systems applications for computer and computer-controlled systems, as well as telecommunications systems; switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage, and energy pipelines; integrated power solutions and services to broadband, telecom, renewable, and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.
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