Enersys (NYSE:ENS) Expected to Announce Earnings of $1.13 Per Share
Brokerages predict that Enersys (NYSE:ENS) will announce earnings per share (EPS) of $1.13 for the current quarter, Zacks reports. Two analysts have made estimates for Enersys’ earnings, with estimates ranging from $1.12 to $1.13. Enersys reported earnings per share of $1.14 in the same quarter last year, which suggests a negative year-over-year growth rate of 0.9%. The firm is expected to announce its next earnings report on Wednesday, August 9th.
According to Zacks, analysts expect that Enersys will report full year earnings of $4.89 per share for the current fiscal year, with EPS estimates ranging from $4.83 to $4.94. For the next year, analysts anticipate that the business will post earnings of $5.32 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover 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, hitting the Zacks’ consensus estimate of $1.28. Enersys had a return on equity of 19.57% and a net margin of 6.77%.
ENS has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Enersys from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a research note on Friday, May 19th. Oppenheimer Holdings, Inc. set a $95.00 price objective on shares of Enersys and gave the company a “buy” rating in a research note on Tuesday, March 21st. BidaskClub downgraded shares of Enersys from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, ValuEngine upgraded shares of Enersys from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Enersys presently has a consensus rating of “Hold” and an average target price of $84.33.
Shares of Enersys (NYSE:ENS) traded up 0.14% during trading on Monday, reaching $72.41. The company had a trading volume of 157,960 shares. The firm has a market capitalization of $3.15 billion, a PE ratio of 19.89 and a beta of 1.65. Enersys has a 1-year low of $60.84 and a 1-year high of $84.74. The firm has a 50-day moving average of $77.75 and a 200 day moving average of $78.52.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 16th were issued a $0.175 dividend. The ex-dividend date was Wednesday, June 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.97%. Enersys’s payout ratio is 19.23%.
In other news, insider Holger P. Aschke sold 3,000 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $81.00, for a total value of $243,000.00. Following the completion of the sale, the insider now directly owns 28,928 shares of the company’s stock, valued at $2,343,168. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Kerry M. Kane sold 4,413 shares of the company’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $82.16, for a total transaction of $362,572.08. Following the completion of the sale, the vice president now directly owns 17,210 shares of the company’s stock, valued at $1,413,973.60. The disclosure for this sale can be found here. Insiders sold 7,676 shares of company stock valued at $627,462 over the last ninety days. Corporate insiders own 1.40% of the company’s stock.
Large investors have recently made changes to their positions in the stock. First Interstate Bank boosted its stake in shares of Enersys by 0.4% in the first quarter. First Interstate Bank now owns 2,375 shares of the industrial products company’s stock worth $187,000 after buying an additional 10 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Enersys during the first quarter worth approximately $205,000. World Asset Management Inc boosted its stake in shares of Enersys by 0.9% in the first quarter. World Asset Management Inc now owns 2,669 shares of the industrial products company’s stock worth $211,000 after buying an additional 25 shares during the last quarter. Highbridge Capital Management LLC acquired a new stake in shares of Enersys during the fourth quarter worth approximately $216,000. Finally, LS Investment Advisors LLC boosted its stake in shares of Enersys by 11.8% in the first quarter. LS Investment Advisors LLC now owns 3,371 shares of the industrial products company’s stock worth $266,000 after buying an additional 357 shares during the last quarter. 94.49% of the stock is owned by institutional investors and hedge funds.
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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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