$610.6 Million in Sales Expected for EnerSys (ENS) This Quarter
Analysts expect EnerSys (NYSE:ENS) to announce sales of $610.6 million for the current quarter, according to Zacks. Two analysts have provided estimates for EnerSys’ earnings, with estimates ranging from $610.2 million to $611 million. EnerSys reported sales of $611.4 million in the same quarter last year, which indicates a negative year-over-year growth rate of 0.1%. The company is scheduled to report its next quarterly earnings report on Thursday, May 4th.
According to Zacks, analysts expect that EnerSys will report full-year sales of $610.6 million for the current fiscal year. For the next financial year, analysts anticipate that the company will report sales of $2.47 billion per share, with estimates ranging from $2.45 billion to $2.49 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow EnerSys.
EnerSys (NYSE:ENS) last issued its quarterly earnings results on Wednesday, February 8th. The industrial products company reported $1.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.05. EnerSys had a return on equity of 18.93% and a net margin of 5.77%. The business earned $563.70 million during the quarter, compared to the consensus estimate of $586.86 million. During the same period in the previous year, the business earned $0.92 EPS. The business’s quarterly revenue was down 1.7% on a year-over-year basis.
Several brokerages have weighed in on ENS. Oppenheimer Holdings Inc. set a $95.00 target price on EnerSys and gave the stock a “buy” rating in a research report on Tuesday, March 21st. Zacks Investment Research raised EnerSys from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research report on Tuesday, March 7th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $82.75.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Elkfork Partners LLC bought a new position in shares of EnerSys during the fourth quarter worth approximately $197,000. Highbridge Capital Management LLC bought a new position in shares of EnerSys during the fourth quarter worth approximately $216,000. LS Investment Advisors LLC raised its position in shares of EnerSys by 78.2% in the third quarter. LS Investment Advisors LLC now owns 2,837 shares of the industrial products company’s stock worth $196,000 after buying an additional 1,245 shares in the last quarter. Origin Asset Management LLP bought a new position in shares of EnerSys during the fourth quarter worth approximately $224,000. Finally, Teza Capital Management LLC bought a new position in shares of EnerSys during the fourth quarter worth approximately $225,000. 98.78% of the stock is currently owned by institutional investors and hedge funds.
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Shares of EnerSys (NYSE:ENS) traded up 0.27% during midday trading on Thursday, hitting $77.60. The stock had a trading volume of 241,381 shares. The firm has a 50-day moving average of $77.23 and a 200 day moving average of $75.78. The firm has a market cap of $3.37 billion, a PE ratio of 25.14 and a beta of 1.68. EnerSys has a 12-month low of $55.67 and a 12-month high of $83.70.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Friday, March 17th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend was Wednesday, March 15th. EnerSys’s dividend payout ratio is 22.65%.
EnerSys Company Profile
EnerSys is a manufacturer, marketer and distributor of industrial batteries. The Company manufactures, markets and distributes related products, such as chargers, power equipment, outdoor cabinet enclosures and battery accessories, and provides related after-market and customer-support services for industrial batteries.
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