EnerSys, a leading provider of energy storage solutions, has recently secured a lucrative long-term contract with the esteemed United States Navy. This contract, valued at an impressive $91.8M, is a testament to EnerSys’ exceptional capabilities in delivering top-notch Thin Plate Pure Lead (TPPL) batteries.
The agreement, which spans multiple years, marks a continuation of the strong supplier relationship that EnerSys has cultivated with the Navy. With its cutting-edge TPPL batteries, EnerSys aims to cater to a diverse range of applications within the military domain, including submarines, ships, and various other military equipment.
This significant triumph for EnerSys not only solidifies their status as a trusted supplier but also underscores their unwavering commitment to meeting the unique energy storage needs of the United States Navy. With their technologically advanced TPPL batteries, EnerSys is poised to play a pivotal role in enhancing the operational efficiency and effectiveness of the Navy’s fleet.
As of September 18, 2023, EnerSys’ success in securing this prestigious contract positions them as an industry leader in providing innovative energy storage solutions for military applications.
Updated on: 30/09/2023
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
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ENS Stock Performance on September 18, 2023: Positive Earnings Growth and Promising Prospects
ENS Stock Performance on September 18, 2023
On September 18, 2023, ENS stock had a mixed performance. The stock opened at $96.08 and fluctuated within a range of $96.08 to $98.72. The trading volume for the day was 216,522 shares. ENS has a market cap of $4.0 billion.
In terms of earnings growth, ENS has shown positive trends. Last year, the company experienced a growth rate of 26.05%, and this year’s growth is even higher at 43.75%. Looking ahead, the projected earnings growth for the next five years is 14.00%.
The revenue growth for ENS in the past year was 10.46%. The P/E ratio for the stock is 19.1. The price/sales ratio is 0.97. The price/book ratio is 2.47.
On September 18, 2023, ENS stock had a minimal decrease of $0.49, representing a decline of 1.43%.
Looking ahead, the next reporting date for ENS is scheduled for November 8, 2023. Analysts are forecasting an EPS of $1.80 for this quarter. The company’s annual revenue for the previous year was $3.7 billion, with a profit of $175.8 million. The net profit margin for ENS is 4.74%.
ENS operates in the electrical products industry. The company’s corporate headquarters are located in Reading, Pennsylvania.
Overall, ENS stock had a relatively stable performance on September 18, 2023. With positive earnings growth and steady revenue growth, the company shows promising prospects for the future. However, investors should closely monitor market conditions and company developments to make informed investment decisions.
ENS Stock Shows Positive Performance with Potential Increase of 25.61%: Analysts Insights and Consistent Buy Rating Provide Confidence
ENS stock had a positive performance on September 18, 2023, based on the information provided by CNN Money. The 12-month price forecasts from four analysts for EnerSys had a median target of 122.50, with a high estimate of 128.00 and a low estimate of 117.00. This median estimate indicates a potential increase of 25.61% from the last recorded price of 97.53.
Additionally, a consensus among five polled investment analysts suggests buying stock in EnerSys. This rating has remained unchanged since July, indicating a consistent positive sentiment towards the stock.
The earnings per share for the current quarter were reported at $1.80, and sales were recorded at $964.5 million. These figures provide insight into the financial performance of EnerSys during the specified period.
Investors and analysts may find this information valuable when making decisions about buying or selling ENS stock. The positive outlook from analysts and the consistent buy rating suggest that there is confidence in the company’s future performance. However, it is important to conduct further research and analysis to fully understand the factors influencing EnerSys and its stock price.