Ultime notizie per EnerSys (NYSE:ENS) Azioni

EnerSys

EnerSys provides stored energy solutions for industrial applications. It also manufactures and distributes energy systems solutions and motive power batteries, specialty batteries, battery chargers, power equipment, battery accessories, and outdoor equipment enclosure solutions to customers worldwide. Energy Systems that combine enclosures, power conversion, power distribution, and energy storage are used in the telecommunication and broadband, utility industries, uninterruptible power supplies, and numerous applications requiring stored energy solutions. Its segments include Energy Systems, Motive Power, and Specialty.

Enersys

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Ensign Group Inc

E SPLIT CORP A by E SPLIT CORP.

ENSECO ENERGY SVCS NEW by Enseco Energy Services Corp.

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EnerSys shares are trading lower after the company reported worse-than-expected Q2 adjusted EPS results. Additionally, the company CEO and president announced his intention to retire, effective May 2025.

News

Management

EnerSys Says David Shaffer Notified His Intention To Retire As President And CEO Effective May 2025; Shawn O'Connell Named As Successor

Guidance

EnerSys Sees Q3 2024 Net Sales $920M-$960M Vs 959.6M Estimate

For the full year fiscal 2025, EnerSys expects:
<ul>
<li>Net sales in the range of $3,675 to $3,765M, down from prior guidance of $3,735M to $3,885M</li>
<li>Adjusted diluted earnings per share in the range of $8.75 to $9.05&#x2A;, down from prior guidance of $8.80 to $9.20&#x2A;</li>
<li>Capital expenditures in the range of $100M to $120M</li>
</ul>

EnerSys Sees FY25 Net Sales $3.675B-$3.765B Vs $3.747B Estimate

EnerSys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENS#NYSE">ENS</a>) reported quarterly earnings of $2.05 per share which missed the analyst consensus estimate of $2.07 by 0.97 percent. The company reported quarterly sales of $883.700 million which missed the analyst consensus estimate of $887.696 million by 0.45 percent. This is a 1.92 percent decrease over sales of $901.000 million the same period last year.

Earnings

Earnings Misses

EnerSys Q2 2025 Adj. EPS $2.05 Misses $2.07 Estimate, Sales $883.700M Miss $887.696M Estimate

EnerSys ABSL Battery Successfully Powers NASA's Europa Clipper Mission Following Launch On SpaceX Falcon Heavy; Lithium-Ion Battery Supports Spacecraft's Scientific Instruments For Europa Exploration

The Dow Jones Industrial Average inched up higher on Friday, setting a new record after a strong week, driven by the Federal Reserve&#39;s first rate cut in four years. The Dow rose by 38.16 points, or 0.09%, to close at 42,063.36. In contrast, the S&amp;P 500 slipped 0.19% to 5,702.55, and the Nasdaq Composite fell 0.36% to finish at 17,948.32. This movement came after a midweek rally, during which the Dow surpassed the 42,000 mark and the S&amp;P 500 hit a key milestone above 5,700. Despite Friday&#39;s slight pullbacks, all three major indexes posted weekly gains.
The Fed&#39;s decision to lower interest rates by 50 basis points spurred a buying spree on Thursday. However, markets steadied on Friday as investors stepped back from the prior day&#39;s surge. Going forward, the market will engage with a blend of economic indicators, including key releases, political developments and corporate earnings reports, all of which could trigger volatility. In this environment, value stocks stand out as a compelling investment option. Typically trading below their intrinsic value, these stocks offer a margin of safety during market fluctuations.
When evaluating value stocks, one of the most effective valuation metrics is the Price to Cash Flow (P/CF) ratio. This metric measures the market price of a stock relative to the cash flow the company generates on a per-share basis. A lower P/CF ratio indicates that the stock is trading at a better value, offering strong cash generation potential relative to its price. Here are four companies &mdash; Universal Health Services, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uhs#NYSE">UHS</a>), Carriage Services, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/csv#NYSE">CSV</a>), AXIS Capital Holdings Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/axs#NYSE">AXS</a>) and EnerSys (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ens#NYSE">ENS</a>) &mdash; that boast low P/CF ratios, making them strong contenders for value-seeking investors.
<h2>Price to Cash Flow Ratio Reveals Financial Health</h2>
Questions may arise as to why we are considering the P/CF valuation metric when the most widely used metric is Price/Earnings (or P/E). Well, what makes P/CF stand out is that operating cash flow adds back non-cash charges such as depreciation and amortization to net income, truly reflecting the financial health of a company.
Analysts caution that a company&#39;s earnings are subject to accounting estimates and management manipulation. However, cash flow is reliable. It is net cash flow that reveals how much money a company is actually generating and how effectively management is putting the same to use.
A positive cash flow indicates an increase in the company&#39;s liquid assets. This gives the company the means to settle debt, shell out for its expenses, reinvest in its business, endure downturns, and finally pay back its shareholders. Then again, a negative cash flow implies a decline in the company&#39;s liquidity, which in turn lowers its flexibility to support these moves.
<h2>What&#39;s the Best Value Investing Strategy?</h2>
An investment decision solely based on the P/CF metric may not fetch the desired results. To identify stocks that are trading at a discount, you should expand your search criteria and also consider the price-to-book ratio, price-to-earnings ratio, and price-to-sales ratio. Adding a favorable Zacks Rank and a Value Score of A or B to your search criteria should lead to even better results as these eliminate the chance of falling into a value trap.
Here are the parameters for selecting true-value stocks:
P/CF less than or equal to X-Industry Median.
Price greater than or equal to 5: The stocks must all be trading at a minimum of $5 or higher.
Average 20-Day Volume greater than 100,000: A substantial trading volume ensures that the stock is easily tradable.
P/E using (F1) less than or equal to X-Industry Median: This parameter shortlists stocks that are trading at a discount or are equal to their peers.
P/B less than or equal to X-Industry Median: A lower P/B compared with the industry average implies that there is enough room for the stock to gain.
P/S less than or equal to X-Industry Median: The P/S ratio determines how a stock price compares to the company&#39;s sales &mdash; the lower the ratio, the more attractive the stock is.
PEG less than 1: The ratio is used to determine a stock&#39;s value by taking the company&#39;s earnings growth into account. The PEG ratio portrays a more complete picture than the P/E ratio. A value of less than 1 indicates that the stock is undervalued and that investors need to pay less for a stock that has robust earnings growth prospects.
Zacks Rank less than or equal to 2: Zacks Rank #1 (Strong Buy) or 2 (Buy) stocks are known to outperform irrespective of the market environment.
Value Score of less than or equal to B: Our research shows that stocks with a Style Score of A or B, when combined with a Zacks Rank #1 or 2, offer the best upside potential.
Here are four of the 11 low P/CF stocks that qualified the screening:
Universal Health Services, one of the nation&#39;s largest hospital companies, operating through its subsidiaries, acute care hospitals, behavioral health facilities and ambulatory centers, sports a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 14.6%, on average.
The Zacks Consensus Estimate for Universal Health Services&#39; current financial year sales and earnings per share suggests growth of 9.8% and 51%, respectively, from the year-ago period. Universal Health Services has a Value Score of A. Shares of UHS have rallied 85.8% in the past year.
Carriage Services, a leading provider of funeral and cemetery services and merchandise in the United States, carries a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 17%, on average.
The Zacks Consensus Estimate for Carriage Services&#39; current financial year sales and EPS suggests growth of 3.7% and 6.9%, respectively, from the year-ago period. CSV has a Value Score of B. Shares of CSV have risen 11.5% in the past year.
AXIS Capital Holdings, a global specialty underwriter and provider of insurance and reinsurance solutions, sports a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 94.6%, on average.
The Zacks Consensus Estimate for AXIS Capital&#39;s current financial year sales and EPS suggests growth of 7.2% and 8.7%, respectively, from the year-ago period. AXS has a Value Score of A. Shares of AXS have advanced 34.4% in the past year.
EnerSys, the global leader in stored energy solutions for industrial applications, carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 1.5%, on average.
The Zacks Consensus Estimate for EnerSys&#39; current financial year sales and EPS suggests growth of 4.7% and 7.1%, respectively, from the year-ago period. ENS has a Value Score of A. Shares of ENS have increased 6.3% in the past year.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
<a href="https://www.zacks.com/stock/news/2340101/4-top-stocks-to-buy-for-value-investing-after-fed-rate-cut?cid=CS-BENZ-FT-analyst_blog|rw-2340101" style="font-size: 13px;">To read this article on Zacks.com click here.</a>

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Markets

Analyst Ratings

Trading Ideas

4 Top Stocks to Buy for Value Investing After Fed Rate Cut

Roth MKM analyst Chip Moore maintains EnerSys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENS#NYSE">ENS</a>) with a Buy and maintains $120 price target.

Price Target

Roth MKM Maintains Buy on EnerSys, Maintains $120 Price Target

EnerSys Selected For $199M Award Negotiation By U.S. Department Of Energy To Develop Lithium-Ion Cell Gigafactory In South Carolina, With Plans To Invest $615M Over Four Years

It was reported on August 28, that David Shaffer, President &amp; CEO at EnerSys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENS#NYSE">ENS</a>) executed a significant insider sell, according to an SEC filing.
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001289308/000156218024006540//Archives/edgar/data/1289308/000156218024006540/0001562180-24-006540-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday outlined that Shaffer executed a sale of 2,400 shares of EnerSys with a total value of $240,000.
Tracking the Thursday's morning session, EnerSys shares are trading at $98.57, showing a down of 0.0%.
<h3>Get to Know EnerSys Better</h3>
EnerSys provides stored energy solutions for industrial applications. It also manufactures and distributes energy systems solutions and motive power batteries, specialty batteries, battery chargers, power equipment, battery accessories, and outdoor equipment enclosure solutions to customers worldwide. Energy Systems that combine enclosures, power conversion, power distribution, and energy storage are used in the telecommunication and broadband, utility industries, uninterruptible power supplies, and numerous applications requiring stored energy solutions. Its segments include Energy Systems, Motive Power, and Specialty.
<h3>EnerSys's Economic Impact: An Analysis</h3>
Revenue Challenges: EnerSys's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -6.13%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Evaluating Earnings Performance:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 27.95%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): EnerSys's EPS is notably higher than the industry average. The company achieved a positive bottom-line trend with a current EPS of 1.74.
</li>
</ul>
Debt Management: EnerSys's debt-to-equity ratio is below the industry average. With a ratio of 0.5, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Analyzing Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 14.91 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 1.15 is below industry norms, suggesting potential undervaluation and presenting an investment opportunity for those considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Indicated by a lower-than-industry-average EV/EBITDA ratio of 10.35, the company suggests a potential undervaluation, which might be advantageous for value-focused investors.
</li>
</ul>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
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<h3>The Impact of Insider Transactions on Investments</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>A Deep Dive into Insider Transaction Codes</h3>
Digging into the details of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their attention to those taking place in the open market, as outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001289308">Check Out The Full List Of EnerSys's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

EnerSys President & CEO Trades $240K In Company Stock

Roth MKM analyst Chip Moore initiates coverage on EnerSys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENS#NYSE">ENS</a>) with a Buy rating and announces Price Target of $120.

Initiation

Roth MKM Initiates Coverage On EnerSys with Buy Rating, Announces Price Target of $120

Emerson Electric Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/emr#NYSE">EMR</a>) recently divested the remaining 40% common equity ownership in Copeland to Blackstone Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bx#NYSE">BX</a>). The transaction was valued at approximately $3.5 billion, with pre-tax cash proceeds of $3.4 billion.
Headquartered in New York, Blackstone Inc. is an asset manager of alternative investments and a provider of financial advisory services globally. Effective Sep 18, 2023, the company joined the S&amp;P 500 index, becoming the first major alternative asset manager to be part of the index. As of Mar 31, 2024, total AUM was $1.06 trillion and fee-earning AUM was $781.4 billion.
Based in the United States, Copeland is an independent company, which offers a diverse range of products, including compressors, controls, thermostats, valves and software solutions. These products serve residential, commercial and industrial customers around the globe.
The divestment of Copeland will help Emerson to focus on its core businesses and to strengthen its position as a global leader in automation. The company expects to use the cash proceeds of $2.9 billion of the transaction, net of modest taxes, to reduce its debt.
Emerson has lately been aiming to divest non-core/non-profitable businesses to better focus on and efficiently direct resources to its core businesses. In the first quarter of fiscal 2023, the company exited its Russia business operations. Also, in November 2022, it divested its InSinkErator business to Whirlpool.
<h3>Existing Business Scenario</h3>
Emerson has been experiencing healthy demand across most of its end markets. Solid demand in the process and hybrid industries is boosting underlying sales. The company anticipates sales in the process industry to be robust in fiscal 2024, driven by strength in energy, LNG, chemical and power end markets. Also, solid life sciences project momentum in North America and robust metals and mining activity bode well for the hybrid industry.
The company is benefiting from the strong performance of the Intelligent Devices and Software and Control segments. Within the Intelligent Devices segment, it is seeing strength in the Final Control business, driven by solid momentum in energy and power end markets. Robust growth in all geographies and strong backlog conversion level are aiding the Measurement &amp; Analytical business.
Within the Software and Control segment, strength in the process industry, driven by energy transition and traditional energy markets, is supporting the Control Systems &amp; Software business. Strength in aerospace and defense end markets, driven by rising U.S. defense budget and increasing government research, is supporting the Test &amp; Measurement business&#39;s growth.
However, Emerson has been dealing with the adverse impacts of the high cost of sales and operating expenses. Rising material and freight costs are pushing up the cost of sales, which increased 7% in the second quarter of fiscal 2024. Selling, general and administrative expenses rose 29.6% to $1.3 billion due to increased acquisition-related and stock compensation expenses. The impact of these expenditures is evident in the rise of the selling, general and administrative expenses as a percentage of total revenues, which climbed 300 basis points to reach 29.6%.
Emerson offers a wide range of products and services to customers in consumer, commercial and industrial markets. The company, which belongs to the Zacks Manufacturing-Electronic industry, faces stiff competition from competitors like Powell Industries, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/powl#NASDAQ">POWL</a>) and EnerSys (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ens#NYSE">ENS</a>).
<a href="https://www.zacks.com/stock/news/2322539/emerson-emr-completes-sale-of-remaining-40-stake-in-copeland?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2322539">To read this article on Zacks.com click here.</a>

POWL

Emerson Completes Sale of Remaining 40% Stake in Copeland

Enersys (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ens#NYSE">ENS</a>) reported first-quarter fiscal 2025 (ended Jun 30, 2024) adjusted earnings of $1.98 per share, which surpassed the Zacks Consensus Estimate of $1.97. The bottom line increased 5% year over year due to lower operating expenses.
Enersys&#39; net sales of $852.9 million missed the consensus estimate of $878 million. The top line declined 6% year over year due to temporary spending pauses in telecom and broadband. While organic sales decreased 3%, price/mix and foreign currency translation had adverse impacts of 2% and 1%, respectively, on sales.
<h3>Segmental Discussion</h3>
The Energy Systems segment&#39;s sales (accounting for 42.3% of total sales) were $361 million, down 15% year over year. The Zacks Consensus Estimate for segmental net sales was $372 million.&nbsp; Net sales decreased due to capital spending pauses of telecommunication and broadband customers. While organic sales decreased 11%, price/mix and foreign currency translation had an adverse impacts of 3% and 1%, respectively, on sales.
The Motive Power segment generated net sales of $366.2 million (accounting for 43% of total sales), up 4% year over year. The consensus estimate for segmental net sales was $366 million. The upside was driven by a 6% increase in organic volume, partially offset by a 1% unfavorable impact each from price/mix and foreign currency translation.
The Specialty segment&#39;s sales were $125.7 million (accounting for 14.7% of total sales), down 6% year over year. The consensus estimate was $136 million. Organic volume declined 3% and foreign currency translation had an adverse impact of 3% on sales.
<div class="chart_embed">
<h3>Enersys Price, Consensus and EPS Surprise</h3>
<img alt="Enersys Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/e2/1723210386.png" style="height:265px; width:576px" title="" />
Enersys price-consensus-eps-surprise-chart | Enersys Quote
</div>
<h3>Margin Profile</h3>
EnerSys&#39; cost of sales decreased 8.8% year over year to $535.8 million. Gross profit decreased 0.8% year over year to $238.4 million while the adjusted gross margin was up 120 basis points (bps) to 28%.
Operating expenses decreased 2.4% year over year to $141.1 million. Adjusted operating earnings were down 1.4% to $106 million. The adjusted operating margin increased 60 bps year over year to 12.4%.
<h3>Balance Sheet and Cash Flow</h3>
At the end of the fiscal first quarter, EnerSys had cash and cash equivalents of $344.1 million compared with $346.7 million at the end of fiscal 2023. Long-term debt (net of unamortized debt issuance costs) was $867.1 million compared with $1.04 billion at the fiscal 2023-end.
EnerSys generated net cash of $10.4 million from operating activities in the fiscal first quarter compared with $74.9 million in the year-ago period. Capital expenditure totaled $36.1 million compared with $16.1 million in the previous year&#39;s period.
In fiscal 2024, EnerSys rewarded its shareholders with a dividend payout of approximately $9.1 million, up 26.1% year over year. Concurrent with the earnings release, the company&#39;s board of directors approved a 7% increase in its quarterly cash dividend, which increased to 24 cents from 22.5 cents per share.
<h3>Guidance</h3>
For fiscal 2025, EnerSys expects adjusted earnings to be in the range of $8.80&ndash;$9.20 per share compared with $8.55&ndash;$8.95 guided earlier. Net sales are now expected to be in the band of $3.735&ndash;$3.885 billion, higher than the previous projection of $3.7-$3.8 billion. The company expects capital expenditures to be approximately $100-$120 million. Tax rate is estimated to be in the band of 20&ndash;21%.
For the fiscal second quarter, the company anticipates adjusted earnings of $2.05&ndash;$2.15 per share. Net sales are projected to be in the range of $880&ndash;$920 million.
<h3>Zacks Rank and Key Picks</h3>
ENS currently carries a Zacks Rank #3 (Hold).
Here are some better-ranked stocks from the same space:
Allegion plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alle#NYSE">ALLE</a>) presently carries a Zacks Rank #2 (Buy).
It has a trailing four-quarter average earnings surprise of 10.3%.
The Zacks Consensus Estimate for ALLE&#39;s 2024 earnings has increased 1.1% in the past 60 days.
Flowserve Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fls#NYSE">FLS</a>) currently carries a Zacks Rank of 2. FLS delivered a trailing four-quarter average earnings surprise of 18.2%.
In the past 60 days, the consensus estimate for Flowserve&#39;s 2024 earnings has increased 3%.
AptarGroup, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/atr#NYSE">ATR</a>) presently carries a Zacks Rank of 2. The company delivered a trailing four-quarter average earnings surprise of 7.2%.
In the past 60 days, the Zacks Consensus Estimate for ATR&#39;s 2024 earnings has remained stable.
<a href="https://www.zacks.com/stock/news/2320240/enersys-ens-q1-earnings-surpass-estimates-sales-miss?cid=CS-BENZ-FT-analyst_blog|earnings_article-2320240">To read this article on Zacks.com click here.</a>

Dividends

ALLE

Enersys Q1 Earnings Surpass Estimates, Sales Miss

Second Quarter and Full Year 2025 Outlook
In the second quarter of fiscal 2025, EnerSys expects:
<ul>
<li>Net sales in the range of $880M to $920M</li>
<li>Adjusted diluted earnings per share in the range of $2.05 to $2.15&#x2A;</li>
</ul>
For the full year fiscal 2025, EnerSys expects:
<ul>
<li>Net sales in the range of $3,735M to $3,885M, up from prior guidance of $3,675M to $3,825M</li>
<li>Adjusted diluted earnings per share in the range of $8.80 to $9.20&#x2A;, up from prior guidance of $8.55 to $8.95&#x2A;</li>
<li>Capital expenditures in the range of $100M to $120M</li>
</ul>
"We remain optimistic about our fiscal year 2025 financial targets. As a result, we are increasing the mid-point of our full year fiscal 2025 revenue guidance by $60 million and our full year fiscal 2025 adjusted diluted earnings per share guidance by $0.25 per share to include the incremental benefits of our acquisition of Bren-Tronics on top of the base business expectations that were in our previous guidance. While we are seeing encouraging demand trends in the majority of our end markets, we are managing our business prudently to navigate the spending pauses in the Class 8 truck OEM and Communications markets. We believe inventory de-stocking is complete and the deferred spending that is occurring is unsustainable to maintain network resiliency, resulting in pent-up demand that will materialize later this year. In the second quarter, we expect a modest sequential improvement in North America Communications spending in Energy Systems, modest Transportation aftermarket volume growth in Specialty, and incremental revenue from Bren-Tronics. We also expect to see continued cost improvements and benefits from operational efficiencies flowing through to our bottom line. The global concern over energy scarcity will persist as major trends drive a swift rise in the demand for reliable power. As a key provider of energy systems and storage solutions, EnerSys is well-positioned to take advantage of this growth opportunity. We remain focused on delivering long-term value to our stockholders," said Andrea Funk, EnerSys Chief Financial Officer.
&#x2A;Inclusive of IRC 45X tax benefits created with the IRA. Note that the IRS has not yet finalized guidance related to section 45X, which could materially increase or decrease the quantity of our U.S. produced batteries that qualify for this credit.
Please refer to the section included herein under the heading "Reconciliations of GAAP to Non-GAAP Financial Measures" for a discussion of the Company's use of non-GAAP adjusted financial information.

EnerSys Sees Q2 EPS $2.05-$2.15 Vs $2.09 Est.; Revenue $880M-$920M Vs $902.32M Est.; Raises FY25 EPS Guidance From $8.55-$8.95 To $8.80-$9.20 Vs $8.70 Est.; Revenue From $3.675B-$3.825B To $3.735B-$3.885B Vs $3.73B Est.

EnerSys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENS#NYSE">ENS</a>) reported quarterly earnings of $1.98 per share which beat the analyst consensus estimate of $1.95 by 1.54 percent. This is a 4.76 percent increase over earnings of $1.89 per share from the same period last year. The company reported quarterly sales of $852.90 million which missed the analyst consensus estimate of $876.40 million by 2.68 percent. This is a 6.13 percent decrease over sales of $908.60 million the same period last year.

Earnings Beats

EnerSys Q1 Adj $1.98 Beats $1.95 Estimate, Sales $852.90M Miss $876.40M Estimate

EnerSys Increases Dividend 7% to $0.24 Per Share

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, July 1st:
Daktronics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dakt#NASDAQ">DAKT</a>): This electronic display systems company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 34.5% over the last 60 days.
Daktronics has a PEG ratio of 0.41 compared with 0.53 for the industry. The company possesses a Growth Score&nbsp; of B.
EnerSys (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ens#NYSE">ENS</a>): This stored energy solutions company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.9% over the last 60 days.
EnerSys has a PEG ratio of 0.66 compared with 1.42 for the industry. The company possesses a Growth Score of B.
Brinker International, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eat#NYSE">EAT</a>): This franchisor of casual dining restaurants carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.4% over the last 60 days.
Brinker has a PEG ratio of 0.87 compared with 2.72 for the industry. The company possesses a Growth Score of B.
<a href="https://www.zacks.com/commentary/2295380/best-growth-stocks-to-buy-for-july-1st?cid=CS-BENZ-FT-zacks_1_rank_additions|growth_additions-2295380">To read this article on Zacks.com click here.</a>

DAKT

Best Growth Stocks to Buy for July 1st

The U.S. manufacturing sector is finally showing signs of recovery after months of struggle that saw demand slowing due to inflationary pressures and higher borrowing costs. However, with inflation finally showing signs of cooling, demand is rebounding.
The U.S. Census Bureau reported that orders for U.S. manufactured capital goods, made to last more than three years, rose 0.1% in May, higher than the consensus estimate of a decline of 0.1%.
Although the rise was lower than April&#39;s jump of 0.6%, the positive sign is that orders are growing steadily. Durable goods orders for items such as toasters to aircraft rose 0.1% in May after a downwardly revised 0.2% gain in April.
The report comes days after the Federal Reserve said that production at U.S. factories rose at a robust pace in May. According to the report, manufacturing output jumped 0.9% in May from a downwardly revised 0.4% decline in April. Year over year, production at U.S. factories increased 0.1% in May.
Inflation has been a major threat to the manufacturing sector. The consumer price index remained unchanged in May after increasing 0.3% in April. Year over year, CPI rose 3.3%, lower than the consensus estimate of a rise of 3.4%.
Although inflation remains higher than the Federal Reserve&#39;s 2% target, it has finally started easing after increasing in the first quarter.
Federal Reserve Chairman Jerome Powell said in his June post-FOMC meeting statement that the Fed sees only one rate cut this year, which is lower than the three projected in its March meeting.
However, even a minor 0.25% rate cut is being seen positively, especially considering that a large number of market participants had previously anticipated no rate cuts in 2024.
Moreover, the recent FOMC &quot;dot plot&quot; suggests a projected total reduction of 1% in interest rates by 2025. This outlook indicates that the Fed funds rate is expected to decrease to 4.1% by the end of 2025, which bodes well for the manufacturing sector and the broader economy.
<h3>Our Choices</h3>
Given this scenario, it would be ideal to invest in five&nbsp;industrial stocks such as Allegion plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alle#NYSE">ALLE</a>), AptarGroup, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/atr#NYSE">ATR</a>), EnerSys (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ens#NYSE">ENS</a>), Helios Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hlio#NYSE">HLIO</a>) and Luxfer Holdings PLC (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lxfr#NYSE">LXFR</a>). These stocks have a Zacks Rank #1 (Strong Buy) or 2 (Buy) and assure good returns.
Allegion plc is a leading global provider of security products and solutions for business and domestic purposes. ALLE offers an extensive portfolio of mechanical and electronic security products, including doors and door systems, electronic security products, biometric and mobile access control systems, locks, locksets, exit devices, portable locks, and workforce productivity systems and other accessories.
Allegion&#39;s expected earnings growth for the current year is 1.9%. The Zacks Consensus Estimate for current-year earnings has improved 0.7% over the past 60 days. ALLE currently has a Zacks Rank #2.
AptarGroup, Inc. is a global supplier of a broad range of innovative dispensing, sealing, and active packaging solutions for the beauty, personal care, home care, prescription drug, consumer health care, injectables, food and beverage markets. ATR&#39;s main products include dispensing pumps, closures, aerosol valves, and elastomeric primary packaging components.
AptarGroup&#39;s expected earnings growth for the current year is 12.1%. The Zacks Consensus Estimate for current-year earnings has improved 0.4% over the past 60 days. ATR presently has a Zacks Rank #2.
EnerSys engages in manufacturing, marketing and distribution of various industrial batteries. Additionally, ENS develops battery chargers and accessories, power equipment and outdoor cabinet enclosures. This apart, EnerSys provides support services for clients.
EnerSys&#39; expected earnings growth for the current year is 4.7%. The Zacks Consensus Estimate for current-year earnings has improved 3.9% over the past 60 days. ENS presently carries a Zacks Rank #2.
Helios Technologies, Inc. is an industrial technology company. HLIO develops and manufactures hydraulic and electronic control solutions. Helios Technologies&#39; operating subsidiaries include Sun Hydraulics, Enovation Controls and Faster Group.
Helios Technologies&#39; expected earnings growth for the current year is 9%. The Zacks Consensus Estimate for next-year earnings has improved 5.4% over the past 60 days.&nbsp; HLIO has a Zacks Rank #2.
Luxfer Holdings PLC is a materials technology company specializing in the design, manufacture and supply of high-performance materials, components and gas cylinders. LXFR has two divisions, Elektron and Gas Cylinders.
Luxfer Holdings PLC&#39;s expected earnings growth for the current year is 37.7%. The Zacks Consensus Estimate for current-year earnings has improved 13.5% over the past 60 days. LXFR currently carries a Zacks Rank #2.
<a href="https://www.zacks.com/stock/news/2294907/5-stocks-to-buy-on-a-steady-rebound-in-manufacturing-activity?cid=CS-BENZ-FT-analyst_blog|investment_ideas-2294907">To read this article on Zacks.com click here.</a>

Tech

HLIO

LXFR

5 Stocks to Buy on a Steady Rebound in Manufacturing Activity

EnerSys (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ens#NYSE">ENS</a>) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
The Zacks rating relies solely on a company&#39;s changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.
Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.
Therefore, the Zacks rating upgrade for EnerSys basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company&#39;s future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That&#39;s partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company&#39;s shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for EnerSys imply an improvement in the company&#39;s underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.
Harnessing the Power of Earnings Estimate Revisions
As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.
Earnings Estimate Revisions for EnerSys
This maker of industrial batteries is expected to earn $8.74 per share for the fiscal year ending March 2025, which represents a year-over-year change of 4.7%.
Analysts have been steadily raising their estimates for EnerSys. Over the past three months, the Zacks Consensus Estimate for the company has increased 1.4%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of &#39;buy&#39; and &#39;sell&#39; ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a &#39;Strong Buy&#39; rating and the next 15% get a &#39;Buy&#39; rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
The upgrade of EnerSys to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
<a href="https://www.zacks.com/stock/news/2290017/enersys-ens-upgraded-to-buy-what-does-it-mean-for-the-stock?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_12_zacks_rank_upgrade-2290017">To read this article on Zacks.com click here.</a>

Upgrades

EnerSys Upgraded to Buy: What Does It Mean for the Stock?

BTIG analyst Gregory Lewis downgrades EnerSys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENS#NYSE">ENS</a>) from Buy to Neutral.

Downgrades

BTIG Downgrades EnerSys to Neutral

EnerSys (ENS) announced that David Shaffer has notified the Board of Directors of his intention to retire as President and Chief Executive Officer ...

EnerSys president, CEO Shaffer to retire

Reports Q2 revenue $884M, consensus $887.7M. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. ...

EnerSys reports Q2 adjusted EPS $2.12, consensus $2.07

Sees Q3 revenue $920M-$960M, consensus $959.6M. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial new...

EnerSys sees Q3 adjusted EPS $2.20-$2.30, consensus $2.31

EnerSys announces retirement of CEO David Shaffer

EnerSys Non-GAAP EPS of $2.12 beats by $0.05, revenue of $883.7M misses by $4.05M

EnerSys declares $0.24 dividend

EnerSys 2025 Q2 - Results - Earnings Call Presentation

EnerSys (ENS) Q2 2025 Earnings Call Transcript

In a report released today, Noah Kaye from Oppenheimer maintained a Hold rating on EnerSys (ENS – Research Report). The company's shares closed yes...

Oppenheimer Remains a Hold on EnerSys (ENS)

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Press Releases

EnerSys Announces Participation in CL King's Best Ideas Conference on September 16, 2024

EnerSys Selected for $199 Million Award Negotiation to Develop State-of-the-Art Lithium-Ion Cell Gigafactory

EnerSys Announces Date and Webcast Information for Its Tech Talk Focused on Its Lithium-Ion Cell Gigafactory

EnerSys Announces Date of Second Quarter Fiscal 2025 Financial Results Release and Conference Call

EnerSys Recognized in TIME World's Best Companies 2024 and Forbes Best Employers for New Grads 2024

EnerSys ABSL Battery Successfully Launched On NASA's Europa Clipper Spacecraft

EnerSys Announces Planned Executive Succession

EnerSys Reports Second Quarter Fiscal 2025 Results

EnerSys Announces Dividend of $0.24 Per Share for the Third Quarter of Fiscal Year 2025

EnerSys Announces Participation in BofA Securities Leveraged Finance Conference on December 3, 2024

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