EnerSys (NYSE:ENS) Releases Quarterly Earnings Results, Beats Estimates By $0.44 EPS

EnerSys (NYSE:ENS – Get Rating) issued its earnings results on Wednesday. The industrial products company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.38 by $0.44, Briefing.com reports. EnerSys had a return on equity of 13.30% and a net margin of 3.81%. The company had revenue of $990.00 million during the quarter, compared to the consensus estimate of $953.05 million. During the same period in the previous year, the company posted $1.20 EPS. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. EnerSys updated its Q1 guidance to $1.77-$1.87 EPS.

EnerSys Stock Performance

Shares of NYSE ENS traded up $8.45 during trading hours on Thursday, reaching $92.53. 44,830 shares of the stock were exchanged, compared to its average volume of 182,120. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 25.17, a P/E/G ratio of 1.00 and a beta of 1.36. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.54 and a current ratio of 2.79. EnerSys has a 52 week low of $55.60 and a 52 week high of $94.32. The stock’s fifty day simple moving average is $83.04 and its 200 day simple moving average is $81.20.

Hedge Funds Weigh In On EnerSys

A number of large investors have recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new position in shares of EnerSys in the first quarter valued at about $238,000. Vident Investment Advisory LLC acquired a new position in shares of EnerSys in the fourth quarter valued at about $231,000. Verition Fund Management LLC acquired a new position in shares of EnerSys in the second quarter valued at about $225,000. Balyasny Asset Management L.P. acquired a new position in shares of EnerSys in the first quarter valued at about $224,000. Finally, Panagora Asset Management Inc. bought a new stake in shares of EnerSys in the first quarter valued at approximately $212,000. Institutional investors own 95.66% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of EnerSys in a research note on Thursday, May 18th. They set a “strong-buy” rating for the company.

EnerSys Company Profile

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EnerSys engages in the provision of stored energy solutions for industrial applications. It operates through the following segments: Energy Systems, Motive Power, and Specialty. The Energy Systems segment combines enclosures, power conversion, power distribution, and energy storage used in the telecommunication, broadband, and utility industries.