EnerSys (NYSE: ENS) stock jumped 14.44% on Thursday to $96.22 against a previous-day closing price of $84.08. With 0.7 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.18 million shares. During the session, the Electrical Equipment & Parts company that operates in wider Industrials sector, reached to the highest price of $96.36 whereas the lowest price it dropped to was $88.05. The 52-week range on ENS shows that it touched its highest point at $94.32 and its lowest point at $55.60 during that stretch. It currently has a 1-year price target of $95.75. With its current market cap of 3.94 billion, ENS has annualized dividend of $0.70 while the current yield stands at 0.73%. Beta for the stock currently stands at 1.35.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ENS was up-trending over the past week, with a rise of 11.90%, but this was up by 20.00% over a month. Three-month performance surged to 9.55% while six-month performance rose 25.53%. The stock gained 51.86% in the past year, while it has gained 30.31% so far this year. A look at the trailing 12-month EPS for ENS yields 3.33 with Next year EPS estimates of 6.07. For the next quarter, that number is 1.38. This implies an EPS growth rate of 1.40% for this year and 23.92% for next year. EPS is expected to grow by 14.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -1.60%.
Float and Shares Shorts:
At present, 40.84 million ENS shares are outstanding with a float of 40.10 million shares on hand for trading. On May 14, 2023, short shares totaled 0.81 million, which was 1.98% higher than short shares on Apr 13, 2023. In addition to Mr. David M. Shaffer as the firm’s CEO, Pres & Director, Mr. Joern Tinnemeyer serves as its Sr. VP & CTO.
Through their ownership of 97.35% of ENS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 83.86% of ENS, in contrast to 53.16% held by mutual funds. Shares owned by individuals account for 44.93%. As the largest shareholder in ENS with 10.43% of the stake, BlackRock Fund Advisors holds 4,260,219 shares worth 4,260,219. A second-largest stockholder of ENS, The Vanguard Group, Inc., holds 4,119,301 shares, controlling over 10.08% of the firm’s shares. Dimensional Fund Advisors LP is the third largest shareholder in ENS, holding 1,672,044 shares or 4.09% stake. With a 3.13% stake in ENS, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 1,276,498 shares are owned by the mutual fund manager. The iShares Core S&P Mid Cap ETF, which owns about 3.12% of ENS stock, is the second-largest Mutual Fund holder. It holds 1,274,765 shares valued at 105.77 million. Vanguard Small Cap Index Fund holds 2.62% of the stake in ENS, owning 1,068,719 shares worth 88.67 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Dec 31, 2022, ENS reported revenue of $898.97M and operating income of $58.46M. The EBITDA in the recently reported quarter was $80.31M and diluted EPS was $0.75.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ENS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ENS analysts setting a high price target of $100.00 and a low target of $95.00, the average target price over the next 12 months is $98.00. Based on these targets, ENS could surge 3.93% to reach the target high and fall by -1.27% to reach the target low. Reaching the average price target will result in a growth of 1.85% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded ENS stock several times over the past three months with 76 Buys and 0 Sells. In these transactions, 3,235 shares were bought while 0 shares were sold. The number of buy transactions has increased to 324 while that of sell transactions has risen to 42 over the past year. The total number of shares bought during that period was 120,997 while 78,262 shares were sold.