Enersys (ENS) Given Daily News Sentiment Score of 0.18
Press coverage about Enersys (NYSE:ENS) has been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Enersys earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 47.0660283120556 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- A. O. Smith Corp : Earnings Review and Free Research Report: A. O. Smith’s Net Revenue Grew 9.6%; EPS Surged 14.9% (4-traders.com)
- Strategy To YieldBoost ENS From 1.1% To 10.2% Using Options (stockoptionschannel.com)
- Todd M. Sechrist Sells 7,500 Shares of Enersys (ENS) Stock (americanbankingnews.com)
- Enersys (ENS) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
Several brokerages have weighed in on ENS. Zacks Investment Research raised shares of Enersys from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $77.00 price objective on shares of Enersys in a research note on Thursday, November 9th. ValuEngine lowered shares of Enersys from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. BidaskClub lowered shares of Enersys from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Finally, Sidoti upgraded shares of Enersys from a “neutral” rating to a “buy” rating and set a $83.00 target price on the stock in a research report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $80.00.
Shares of Enersys (ENS) traded up $0.50 during mid-day trading on Tuesday, hitting $67.20. 186,318 shares of the stock were exchanged, compared to its average volume of 264,641. Enersys has a 12 month low of $61.33 and a 12 month high of $84.74. The firm has a market capitalization of $2,890.00, a price-to-earnings ratio of 14.50, a price-to-earnings-growth ratio of 2.45 and a beta of 1.70. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.43 and a quick ratio of 2.49.
Enersys (NYSE:ENS) last announced its earnings results on Wednesday, November 8th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.01. Enersys had a net margin of 6.64% and a return on equity of 18.17%. The company had revenue of $617.30 million for the quarter, compared to analyst estimates of $603.54 million. During the same period in the prior year, the business earned $1.15 earnings per share. Enersys’s quarterly revenue was up 7.2% on a year-over-year basis. equities research analysts anticipate that Enersys will post 4.58 earnings per share for the current year.
Enersys declared that its Board of Directors has initiated a share buyback program on Wednesday, August 9th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to repurchase up to 3.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.04%. Enersys’s payout ratio is 19.02%.
In related news, insider Todd M. Sechrist sold 7,500 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $66.50, for a total value of $498,750.00. Following the transaction, the insider now directly owns 61,182 shares in the company, valued at $4,068,603. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.40% of the company’s stock.
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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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