Other equities research analysts also recently issued research reports about the company. William Blair downgraded EnerSys from an outperform rating to a market perform rating in a research report on Monday, November 6th. StockNews.com downgraded EnerSys from a strong-buy rating to a buy rating in a report on Wednesday, January 31st.
EnerSys Stock Performance
EnerSys (NYSE:ENS – Get Free Report) last announced its earnings results on Wednesday, February 7th. The industrial products company reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.01. The company had revenue of $861.50 million for the quarter, compared to the consensus estimate of $898.79 million. EnerSys had a return on equity of 20.09% and a net margin of 7.49%. The company’s revenue was down 6.4% on a year-over-year basis. During the same period last year, the business posted $1.27 EPS. Equities analysts forecast that EnerSys will post 8.48 earnings per share for the current year.
EnerSys Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Thursday, March 14th. EnerSys’s payout ratio is 13.62%.
Institutional Investors Weigh In On EnerSys
Hedge funds have recently bought and sold shares of the business. Strs Ohio lifted its stake in shares of EnerSys by 317.9% in the 2nd quarter. Strs Ohio now owns 11,700 shares of the industrial products company’s stock valued at $1,269,000 after purchasing an additional 8,900 shares during the period. Corient Private Wealth LLC increased its stake in shares of EnerSys by 12.3% during the third quarter. Corient Private Wealth LLC now owns 138,325 shares of the industrial products company’s stock worth $13,095,000 after buying an additional 15,194 shares during the period. Comerica Bank purchased a new position in EnerSys in the second quarter valued at approximately $83,770,000. SG Americas Securities LLC increased its stake in EnerSys by 173.9% in the third quarter. SG Americas Securities LLC now owns 19,994 shares of the industrial products company’s stock valued at $1,893,000 after purchasing an additional 12,695 shares during the last quarter. Finally, Boston Partners grew its position in shares of EnerSys by 104.2% during the third quarter. Boston Partners now owns 704,695 shares of the industrial products company’s stock worth $66,280,000 after acquiring an additional 359,527 shares during the last quarter. Hedge funds and other institutional investors own 91.56% of the company’s stock.
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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