Enersys (NYSE:ENS) Shares Gap Up on Earnings Beat

Enersys (NYSE:ENS)’s stock price gapped up before the market opened on Thursday following a stronger than expected earnings report. The stock had previously closed at $214.56, but opened at $232.79. Enersys shares last traded at $234.5030, with a volume of 217,614 shares traded.

The industrial products company reported $3.19 EPS for the quarter, beating the consensus estimate of $3.00 by $0.19. The company had revenue of $987.94 million during the quarter, compared to analysts’ expectations of $973.84 million. Enersys had a return on equity of 21.27% and a net margin of 8.37%.The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the firm earned $2.97 EPS. Enersys has set its Q1 2027 guidance at 2.700-2.900 EPS.

Enersys Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 19th will be paid a $0.2625 dividend. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $1.05 dividend on an annualized basis and a yield of 0.5%. Enersys’s dividend payout ratio (DPR) is presently 13.01%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Enersys in a research note on Friday, April 24th. TD Cowen began coverage on shares of Enersys in a research report on Thursday, March 19th. They issued a “buy” rating and a $190.00 price objective for the company. Roth Mkm reissued a “buy” rating and issued a $208.00 target price (up from $164.00) on shares of Enersys in a research note on Tuesday, February 3rd. BTIG Research lifted their price objective on Enersys from $185.00 to $250.00 and gave the company a “buy” rating in a report on Thursday. Finally, Wall Street Zen cut Enersys from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $196.50.

Institutional Trading of Enersys

Hedge funds have recently modified their holdings of the stock. Root Financial Partners LLC acquired a new stake in Enersys during the 3rd quarter worth approximately $25,000. CIBC Private Wealth Group LLC increased its position in Enersys by 116.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 182 shares of the industrial products company’s stock worth $27,000 after buying an additional 98 shares during the period. Allworth Financial LP lifted its holdings in shares of Enersys by 442.2% during the third quarter. Allworth Financial LP now owns 244 shares of the industrial products company’s stock worth $28,000 after buying an additional 199 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Enersys during the fourth quarter worth $30,000. Finally, SBI Securities Co. Ltd. boosted its position in shares of Enersys by 239.7% in the fourth quarter. SBI Securities Co. Ltd. now owns 214 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 151 shares during the period. Institutional investors and hedge funds own 94.93% of the company’s stock.

Enersys Price Performance

The firm has a market capitalization of $8.43 billion, a price-to-earnings ratio of 28.49, a P/E/G ratio of 1.21 and a beta of 1.17. The company’s 50 day moving average is $193.90 and its 200 day moving average is $169.52. The company has a quick ratio of 1.72, a current ratio of 2.75 and a debt-to-equity ratio of 0.61.

About Enersys

Enersys, headquartered in Reading, Pennsylvania, is a global leader in stored energy solutions, specializing in manufacturing and distributing industrial batteries, battery chargers, power equipment, and related accessories. The company serves a diverse range of end markets, including telecommunications, data centers, medical, aerospace, defense, electric vehicle motive power, and utility outcomes. Its products are engineered to deliver critical reserve power and motive power applications across key infrastructure and industrial sectors.

The company’s product portfolio encompasses lead-acid batteries, lithium-ion energy storage systems, chargers, inverters, power management software, and a broad array of battery accessories.