Zacks: Analysts Expect Enersys (ENS) Will Post Earnings of $1.13 Per Share
Wall Street analysts predict that Enersys (NYSE:ENS) will announce earnings per share of $1.13 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Enersys’ earnings. The highest EPS estimate is $1.13 and the lowest is $1.12. Enersys posted earnings per share of $1.14 in the same quarter last year, which indicates a negative year over year growth rate of 0.9%. The firm is expected to report its next earnings results after the market closes on Wednesday, August 9th.
On average, analysts expect that Enersys will report full year earnings of $4.89 per share for the current financial year, with EPS estimates ranging from $4.83 to $4.94. For the next fiscal year, analysts expect that the firm will post earnings of $5.32 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Enersys.
Enersys (NYSE:ENS) last posted its quarterly earnings results on Tuesday, May 30th. The industrial products company reported $1.28 EPS for the quarter, hitting analysts’ consensus estimates of $1.28. Enersys had a net margin of 6.77% and a return on equity of 19.57%.
ENS has been the topic of a number of research analyst reports. BidaskClub downgraded shares of Enersys from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Zacks Investment Research upgraded shares of Enersys from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a research report on Friday, May 19th. ValuEngine upgraded shares of Enersys from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Enersys in a research report on Thursday, May 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Enersys currently has an average rating of “Hold” and a consensus target price of $84.33.
Enersys (ENS) traded up 0.16% during midday trading on Friday, hitting $72.89. 242,950 shares of the company were exchanged. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 20.02 and a beta of 1.65. Enersys has a 1-year low of $62.86 and a 1-year high of $84.74. The stock has a 50 day moving average of $73.16 and a 200-day moving average of $77.37.
In other Enersys news, VP Kerry M. Kane sold 4,413 shares of the stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Holger P. Aschke sold 3,000 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The stock was 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. Insiders sold 7,676 shares of company stock worth $627,462 over the last quarter. Insiders own 1.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Interstate Bank increased its position in Enersys by 0.4% in the first quarter. First Interstate Bank now owns 2,375 shares of the industrial products company’s stock valued at $187,000 after buying an additional 10 shares during the last quarter. Engineers Gate Manager LP acquired a new position in Enersys during the first quarter valued at $205,000. World Asset Management Inc increased its position in Enersys by 0.9% in the first quarter. World Asset Management Inc now owns 2,669 shares of the industrial products company’s stock valued at $211,000 after buying an additional 25 shares during the last quarter. Highbridge Capital Management LLC acquired a new position in Enersys during the fourth quarter valued at $216,000. Finally, Oakbrook Investments LLC acquired a new position in Enersys during the second quarter valued at $235,000. Institutional investors and hedge funds own 95.84% of the company’s stock.
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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