EnerSys (ENS) reported quarterly earnings results on Wednesday, Aug-10-2016. The company said it had a profit of $1.14 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $1.10. The company posted revenue of $600.60 million in the period, compared to analysts expectations of $601.71 million. The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS.
Many Wall Street Analysts have commented on EnerSys. Maxim Group Upgraded EnerSys on Jun 2, 2016 to ” Buy”, Price Target of the shares are set at $74.
EnerSys opened for trading at $64.79 and hit $65.17 on the upside on Monday, eventually ending the session at $64.85, with a gain of 0.05% or 0.03 points. The heightened volatility saw the trading volume jump to 1,29,604 shares. Company has a market cap of $2,805 M.
In a different news, on Jun 6, 2016, Kerry M Kane (VP, Corporate Controller & PAO) sold 2,500 shares at $64.00 per share price. According to the SEC, on Jun 6, 2016, Holger P Aschke (President – EMEA) sold 2,982 shares at $63.43 per share price. On Jun 1, 2016, John D Craig (director) sold 25,779 shares at $59.78 per share price, according to the Form-4 filing with the securities and exchange commission.
EnerSys is a manufacturer marketer and distributor of industrial batteries. The Company also manufacture market and distribute related products such as chargers power equipment outdoor cabinet enclosures and battery accessories. It provides related after-market and customer-support services for industrial batteries. The Company has two primary product lines: reserve power products and motive power products. Reserve power products are used for backup power for the continuous operation of critical applications in telecommunications systems uninterruptible power systems or UPS applications for computer and computer-controlled systems and other specialty power applications. Motive power products are used to provide power for electric industrial forklifts used in manufacturing warehousing and other material handling applications as well as mining equipment diesel locomotive starting and other rail equipment.