Somewhat Favorable Media Coverage Somewhat Unlikely to Impact EnerSys (ENS) Share Price
News coverage about EnerSys (NYSE:ENS) has been trending somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. EnerSys earned a news impact score of 0.14 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 46.5569975414294 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of EnerSys (NYSE:ENS) traded up $0.33 during mid-day trading on Tuesday, hitting $68.07. 223,715 shares of the stock were exchanged, compared to its average volume of 262,936. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.49 and a current ratio of 3.43. The company has a market cap of $2,960.00, a PE ratio of 14.60, a price-to-earnings-growth ratio of 2.46 and a beta of 1.68. EnerSys has a 12 month low of $61.33 and a 12 month high of $84.74.
EnerSys (NYSE:ENS) last issued its earnings results on Wednesday, November 8th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.01. The company had revenue of $617.30 million for the quarter, compared to analysts’ expectations of $603.54 million. EnerSys had a net margin of 6.64% and a return on equity of 18.17%. EnerSys’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.15 EPS. research analysts anticipate that EnerSys will post 4.58 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a $0.175 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.03%. EnerSys’s payout ratio is 19.02%.
EnerSys announced that its Board of Directors has initiated a share buyback plan on Wednesday, November 8th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the industrial products company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
ENS has been the topic of several analyst reports. Sidoti raised shares of EnerSys from a “neutral” rating to a “buy” rating and set a $83.00 price target on the stock in a research report on Thursday, August 17th. Zacks Investment Research raised shares of EnerSys from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Oppenheimer reissued a “buy” rating and set a $77.00 price target (down from $82.00) on shares of EnerSys in a research report on Wednesday, November 1st. BidaskClub cut shares of EnerSys from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Finally, ValuEngine cut shares of EnerSys from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. EnerSys has an average rating of “Hold” and a consensus price target of $80.00.
In other news, insider Todd M. Sechrist sold 7,500 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $4,068,603. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.40% of the stock is currently owned by corporate insiders.
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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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