Enersys (ENS) Expected to Announce Quarterly Sales of $600.85 Million
Wall Street brokerages forecast that Enersys (NYSE:ENS) will report $600.85 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Enersys’ earnings, with the lowest sales estimate coming in at $590.70 million and the highest estimate coming in at $611.00 million. Enersys posted sales of $576.00 million in the same quarter last year, which suggests a positive year over year growth rate of 4.3%. The company is expected to issue its next quarterly earnings results on Wednesday, November 8th.
According to Zacks, analysts expect that Enersys will report full-year sales of $600.85 million for the current fiscal year, with estimates ranging from $2.44 billion to $2.49 billion. For the next fiscal year, analysts forecast that the firm will report sales of $2.54 billion per share. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Enersys.
Enersys (NYSE:ENS) last posted its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.01). The business had revenue of $622.60 million during the quarter, compared to analysts’ expectations of $615.77 million. Enersys had a return on equity of 18.90% and a net margin of 6.86%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.14 EPS.
ENS has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Enersys from a “hold” rating to a “strong sell” rating in a report on Monday, August 14th. BidaskClub downgraded shares of Enersys from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Finally, ValuEngine downgraded shares of Enersys from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. Enersys presently has a consensus rating of “Hold” and an average target price of $82.67.
Enersys (NYSE ENS) opened at 67.62 on Thursday. The stock has a market cap of $2.93 billion, a P/E ratio of 18.22 and a beta of 1.66. Enersys has a 12-month low of $61.33 and a 12-month high of $84.74. The company has a 50 day moving average of $66.87 and a 200-day moving average of $74.74.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.175 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.70 dividend on an annualized basis and a yield of 1.04%. Enersys’s dividend payout ratio is currently 18.87%.
Enersys announced that its Board of Directors has approved a share buyback plan on Wednesday, August 9th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the industrial products company to buy up to 3.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Advisor Group Inc. boosted its position in Enersys by 1.2% in the second quarter. Advisor Group Inc. now owns 1,483 shares of the industrial products company’s stock valued at $107,000 after buying an additional 18 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Enersys by 7.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,699 shares of the industrial products company’s stock valued at $123,000 after buying an additional 122 shares during the last quarter. Flinton Capital Management LLC boosted its position in Enersys by 68.1% in the second quarter. Flinton Capital Management LLC now owns 1,936 shares of the industrial products company’s stock valued at $140,000 after buying an additional 784 shares during the last quarter. First Interstate Bank boosted 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. Finally, Engineers Gate Manager LP purchased a new stake in Enersys in the first quarter valued at approximately $205,000. Hedge funds and other institutional investors own 94.84% 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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