Enersys (ENS) to Release Earnings on Wednesday
Enersys (NYSE:ENS) will post its quarterly earnings results after the market closes on Wednesday, November 8th. Analysts expect Enersys to post earnings of $1.05 per share for the quarter. Enersys has set its Q2 guidance at $1.03-1.07 EPS.
Enersys (NYSE:ENS) last released its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.01). The firm had revenue of $622.60 million for the quarter, compared to analyst estimates of $615.77 million. Enersys had a return on equity of 18.90% and a net margin of 6.86%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.14 earnings per share. On average, analysts expect Enersys to post $4.69 EPS for the current fiscal year and $5.07 EPS for the next fiscal year.
Enersys (ENS) opened at 69.37 on Wednesday. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 18.69 and a beta of 1.70. Enersys has a 1-year low of $61.33 and a 1-year high of $84.74. The stock’s 50 day moving average is $68.49 and its 200 day moving average is $72.57.
Enersys declared that its board has authorized a share repurchase plan on Wednesday, August 9th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the industrial products company to purchase up to 3.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
ENS has been the topic of a number of recent analyst reports. Sidoti raised shares of Enersys from a “neutral” rating to a “buy” rating and set a $83.00 price target on the stock in a research report on Thursday, August 17th. Zacks Investment Research raised shares of Enersys from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $82.00 price target (down from $92.00) on shares of Enersys in a research report on Wednesday, August 9th. BidaskClub lowered shares of Enersys from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Finally, ValuEngine lowered shares of Enersys from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $82.50.
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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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