EnerSys (NYSE:ENS) Sets New 12-Month Low at $59.43

EnerSys (NYSE:ENSGet Rating)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $59.43 and last traded at $59.59, with a volume of 1790 shares trading hands. The stock had previously closed at $63.67.

A number of brokerages have recently weighed in on ENS. StockNews.com cut EnerSys from a “buy” rating to a “hold” rating in a research note on Wednesday, June 8th. Oppenheimer lowered their target price on EnerSys from $88.00 to $80.00 and set an “outperform” rating for the company in a research note on Friday, May 27th.

The company has a 50 day moving average of $66.70 and a 200 day moving average of $72.25. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 1.29 and a beta of 1.40. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.73 and a current ratio of 2.70.

EnerSys (NYSE:ENSGet Rating) last released its quarterly earnings data on Wednesday, May 25th. The industrial products company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.05. The business had revenue of $907.00 million during the quarter, compared to analysts’ expectations of $872.18 million. EnerSys had a return on equity of 12.44% and a net margin of 4.29%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.30 EPS. As a group, research analysts expect that EnerSys will post 5.13 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Thursday, June 16th will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Wednesday, June 15th. This represents a $0.70 annualized dividend and a dividend yield of 1.19%. EnerSys’s dividend payout ratio is currently 20.90%.

Several institutional investors have recently bought and sold shares of ENS. IMA Wealth Inc. purchased a new stake in shares of EnerSys in the 4th quarter valued at about $28,000. Point72 Hong Kong Ltd purchased a new position in shares of EnerSys during the 4th quarter worth approximately $28,000. Rockefeller Capital Management L.P. raised its stake in shares of EnerSys by 150.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 479 shares of the industrial products company’s stock worth $35,000 after buying an additional 288 shares in the last quarter. Covestor Ltd acquired a new stake in shares of EnerSys in the 4th quarter worth approximately $46,000. Finally, Quantbot Technologies LP acquired a new stake in shares of EnerSys in the 1st quarter worth approximately $60,000. 97.03% of the stock is owned by institutional investors and hedge funds.

EnerSys Company Profile (NYSE:ENS)

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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