Enersys (NYSE:ENS) Earns Daily Coverage Optimism Score of 0.01
News articles about Enersys (NYSE:ENS) have been trending somewhat positive on Saturday, Accern reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Enersys earned a daily sentiment score of 0.01 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 47.8898990470714 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s analysis:
- Enersys Set to Possibly Rebound After Yesterday’s Selloff of 3.22% (mysmartrend.com)
- EnerSys (ENS) Tumbled To A 9-Month Low After Q1 Report (rttnews.com)
- EnerSys (ENS) Q1 Earnings Miss, Revenues Beat Estimates (finance.yahoo.com)
- Edited Transcript of ENS earnings conference call or presentation 10-Aug-17 1:00pm GMT (finance.yahoo.com)
- EnerSys (ENS) Misses Q1 EPS by 1c, Authorizes New $100 Million Buyback (streetinsider.com)
Enersys (NYSE:ENS) traded down 2.43% during midday trading on Friday, reaching $63.41. The company had a trading volume of 627,147 shares. The stock’s 50 day moving average is $71.99 and its 200 day moving average is $76.99. The company has a market capitalization of $2.75 billion, a PE ratio of 17.09 and a beta of 1.65. Enersys has a one year low of $62.31 and a one year high of $84.74.
Enersys (NYSE:ENS) last announced its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.13 by $0.01. Enersys had a net margin of 6.86% and a return on equity of 18.90%. The firm had revenue of $622.60 million for the quarter, compared to analyst estimates of $615.77 million. During the same quarter in the prior year, the firm earned $1.14 earnings per share. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. Equities research analysts forecast that Enersys will post $4.83 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.70 annualized dividend and a yield of 1.10%. Enersys’s dividend payout ratio is currently 18.87%.
Enersys declared that its Board of Directors has approved a stock repurchase plan on Wednesday, August 9th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the industrial products company to repurchase up to 3.2% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.
ENS has been the topic of a number of research analyst reports. Zacks Investment Research lowered Enersys from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $92.00 price target (down from $95.00) on shares of Enersys in a research report on Friday, June 2nd. ValuEngine upgraded Enersys from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, BidaskClub lowered Enersys from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $84.33.
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In other news, insider Holger P. Aschke sold 3,000 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $81.00, for a total transaction of $243,000.00. Following the completion of the transaction, the insider now directly owns 28,928 shares in the company, valued at $2,343,168. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Kerry M. Kane sold 4,413 shares of the company’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $82.16, for a total transaction of $362,572.08. Following the transaction, the vice president now owns 17,210 shares of the company’s stock, valued at $1,413,973.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,676 shares of company stock valued at $627,462. Company insiders own 1.40% of the company’s stock.
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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