Wall Street brokerages expect EnerSys (NYSE:ENS) to announce $1.13 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for EnerSys’ earnings, with estimates ranging from $1.12 to $1.14. EnerSys posted earnings of $1.17 per share during the same quarter last year, which would suggest a negative year over year growth rate of 3.4%. The firm is expected to report its next earnings report on Wednesday, February 5th.
According to Zacks, analysts expect that EnerSys will report full-year earnings of $5.07 per share for the current year, with EPS estimates ranging from $4.97 to $5.17. For the next fiscal year, analysts forecast that the company will report earnings of $6.04 per share, with EPS estimates ranging from $5.70 to $6.38. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that follow EnerSys.
EnerSys (NYSE:ENS) last posted its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $1.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.03. The business had revenue of $762.10 million during the quarter, compared to the consensus estimate of $759.49 million. EnerSys had a net margin of 5.90% and a return on equity of 16.96%. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.17 earnings per share.
Several equities research analysts have recently issued reports on ENS shares. TheStreet raised shares of EnerSys from a “c+” rating to a “b-” rating in a research report on Thursday, November 7th. ValuEngine raised shares of EnerSys from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research cut shares of EnerSys from a “buy” rating to a “hold” rating and set a $63.00 price objective for the company. in a research report on Wednesday, October 9th. Finally, Oppenheimer set a $78.00 price objective on shares of EnerSys and gave the stock a “buy” rating in a research report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. EnerSys has a consensus rating of “Buy” and an average price target of $78.44.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. lifted its position in EnerSys by 133.7% in the third quarter. Meeder Asset Management Inc. now owns 486 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 278 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in EnerSys by 20.1% in the third quarter. Parkside Financial Bank & Trust now owns 1,268 shares of the industrial products company’s stock valued at $84,000 after acquiring an additional 212 shares during the last quarter. Exane Derivatives purchased a new stake in EnerSys in the second quarter valued at $124,000. First Interstate Bank lifted its position in EnerSys by 21.7% in the second quarter. First Interstate Bank now owns 2,805 shares of the industrial products company’s stock valued at $192,000 after acquiring an additional 500 shares during the last quarter. Finally, First Mercantile Trust Co. lifted its position in EnerSys by 87.0% in the second quarter. First Mercantile Trust Co. now owns 2,828 shares of the industrial products company’s stock valued at $194,000 after acquiring an additional 1,316 shares during the last quarter. 95.66% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:ENS traded up $0.87 during trading on Thursday, hitting $68.47. The company’s stock had a trading volume of 127,231 shares, compared to its average volume of 212,225. The business has a 50 day moving average price of $66.26 and a two-hundred day moving average price of $63.83. The company has a market capitalization of $2.86 billion, a PE ratio of 13.89, a P/E/G ratio of 1.33 and a beta of 1.58. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.00 and a current ratio of 2.90. EnerSys has a fifty-two week low of $53.56 and a fifty-two week high of $89.83.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a dividend of $0.175 per share. The ex-dividend date is Thursday, December 12th. This represents a $0.70 annualized dividend and a dividend yield of 1.02%. EnerSys’s dividend payout ratio (DPR) is currently 14.20%.
EnerSys manufactures, markets, and distributes industrial batteries. The company offers battery chargers, power equipment, battery accessories, and outdoor cabinet enclosures, as well as related after-market and customer-support services for industrial batteries. It also provides reserve power products that are used for backup power for the continuous operation of critical applications in telecommunications systems, uninterruptible power systems applications for computer and computer-controlled systems, and other specialty power applications, including medical and security systems, premium starting, lighting, and ignition applications, as well as in switchgear, electrical control systems used in electric utilities, large-scale energy storage, energy pipelines, commercial aircraft, satellites, military aircraft, submarines, ships, and tactical vehicles.
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