Enersys (ENS) Expected to Post Quarterly Sales of $621.10 Million
Equities research analysts expect that Enersys (NYSE:ENS) will post sales of $621.10 million for the current quarter, Zacks reports. Two analysts have issued estimates for Enersys’ earnings. The lowest sales estimate is $615.20 million and the highest is $627.00 million. Enersys posted sales of $600.60 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.4%. The business is expected to announce its next earnings report on Wednesday, August 9th.
According to Zacks, analysts expect that Enersys will report full year sales of $621.10 million for the current financial year, with estimates ranging from $2.46 billion to $2.48 billion. For the next financial year, analysts forecast that the company will post sales of $2.55 billion per share. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Enersys.
Enersys (NYSE:ENS) last issued its earnings results on Tuesday, May 30th. The industrial products company reported $1.28 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.28. Enersys had a net margin of 6.77% and a return on equity of 19.57%.
A number of equities research analysts have issued reports on the stock. Oppenheimer Holdings, Inc. set a $95.00 price objective on shares of Enersys and gave the stock a “buy” rating in a research report on Thursday, March 2nd. Zacks Investment Research upgraded shares of Enersys from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research note on Tuesday, March 7th. Finally, ValuEngine upgraded shares of Enersys from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $84.33.
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In other Enersys news, VP Kerry M. Kane sold 4,413 shares of the business’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $82.16, for a total value of $362,572.08. Following the transaction, the vice president now directly owns 17,210 shares in the company, valued at $1,413,973.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Holger P. Aschke sold 3,000 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $81.00, for a total transaction of $243,000.00. Following the completion of the transaction, the insider now owns 28,928 shares in the company, valued at $2,343,168. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,676 shares of company stock worth $627,462. Corporate insiders own 1.10% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of Enersys by 17,956.9% in the first quarter. BlackRock Inc. now owns 4,444,522 shares of the industrial products company’s stock worth $350,852,000 after buying an additional 4,419,908 shares during the last quarter. Boston Partners boosted its stake in shares of Enersys by 174.8% in the first quarter. Boston Partners now owns 1,810,043 shares of the industrial products company’s stock worth $142,885,000 after buying an additional 1,151,323 shares during the last quarter. Norges Bank acquired a new stake in shares of Enersys during the fourth quarter worth approximately $46,125,000. Vanguard Group Inc. boosted its stake in shares of Enersys by 9.4% in the first quarter. Vanguard Group Inc. now owns 3,710,902 shares of the industrial products company’s stock worth $292,939,000 after buying an additional 318,032 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Enersys by 158.2% in the first quarter. AQR Capital Management LLC now owns 462,800 shares of the industrial products company’s stock worth $36,533,000 after buying an additional 283,527 shares during the last quarter. Institutional investors own 94.77% of the company’s stock.
Shares of Enersys (NYSE:ENS) traded up 0.20% during midday trading on Friday, reaching $73.76. 251,678 shares of the company traded hands. Enersys has a 12-month low of $55.73 and a 12-month high of $84.74. The firm has a market capitalization of $3.21 billion, a PE ratio of 20.26 and a beta of 1.65. The company has a 50-day moving average of $79.73 and a 200 day moving average of $78.90.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Wednesday, June 14th. Enersys’s payout ratio is 19.23%.
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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