EnerSys (ENS) released its fourth quarter results on Friday, May 21, 2021. The company reported net earnings of $0.78 per share for the fourth quarter ending March 31, 2021. Earnings for this past quarter were up 2267 percent compared to the same period a year ago.
EnerSys was incorporated in 2000 and is headquartered in Reading, Pennsylvania. EnerSys provides various stored energy solutions for industrial applications worldwide. The company offers energy systems, which combine enclosures, power conversion, power distribution, and energy storage are used in the telecommunication, broadband and utility industries, uninterruptible power supplies, and other applications requiring stored energy solutions; motive power batteries and chargers that are utilized in electric forklift trucks and other industrial electric powered vehicles; and specialty batteries, which are used in aerospace and defense applications, large over-the-road trucks, automotive, medical, and security systems applications.
EnerSys' revenue decreased 4 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins decreased to 24.25% for the fourth quarter compared to the same period in the previous year, and operating margins increased to 8.9% over the same period. Net earnings for past trailing twelve months were $143.34 million, up 5% from the prior year.
Moving on to the balance sheet, EnerSys' cash levels jumped 38% for the fourth quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, decreased 4.04% this past year. The current ratio for EnerSys now stands at 2.5. The company increased shares outstanding by 1.02%.
Shares of ENS are currently trading around $92.41. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 27.83 and price to book ratio of 2.61.