EnerSys (NYSE:ENS) Issues Q1 Earnings Guidance

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.

EnerSys (NYSE:ENS – Get Rating) last released its quarterly earnings data on Wednesday, May 25th. The industrial products company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.05. The firm had revenue of $907.00 million during the quarter, compared to analyst estimates of $872.18 million. EnerSys had a return on equity of 12.75% and a net margin of 4.58%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.30 earnings per share. As a group, analysts forecast that EnerSys will post 4.41 EPS for the current fiscal year.

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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