Enersys (ENS) Expected to Post Quarterly Sales of $633.10 Million
Equities analysts expect Enersys (NYSE:ENS) to post sales of $633.10 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Enersys’ earnings, with estimates ranging from $620.20 million to $646.00 million. Enersys reported sales of $563.70 million in the same quarter last year, which would suggest a positive year over year growth rate of 12.3%. The company is scheduled to report its next earnings report on Wednesday, February 14th.
According to Zacks, analysts expect that Enersys will report full year sales of $633.10 million for the current year, with estimates ranging from $2.52 billion to $2.57 billion. For the next year, analysts expect that the business will post sales of $2.63 billion per share, with estimates ranging from $2.60 billion to $2.65 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Enersys.
Enersys (NYSE:ENS) last posted its earnings results on Wednesday, November 8th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.01. The company had revenue of $617.30 million during the quarter, compared to the consensus estimate of $603.54 million. Enersys had a net margin of 6.64% and a return on equity of 18.17%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.15 earnings per share.
Enersys (NYSE:ENS) opened at $69.07 on Wednesday. The stock has a market cap of $3,000.00, a price-to-earnings ratio of 14.54, a P/E/G ratio of 2.45 and a beta of 1.70. Enersys has a 1 year low of $61.33 and a 1 year high of $84.74. The company has a current ratio of 3.43, a quick ratio of 2.49 and a debt-to-equity ratio of 0.64.
Enersys declared that its board has authorized a share repurchase plan on Wednesday, August 9th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the industrial products company to buy up to 3.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.175 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.70 dividend on an annualized basis and a yield of 1.01%. Enersys’s payout ratio is 19.02%.
In other Enersys news, insider Todd M. Sechrist sold 7,500 shares of Enersys stock in a transaction on Monday, November 13th. The shares were sold at an average price of $66.50, for a total value of $498,750.00. Following the completion of the transaction, the insider now owns 61,182 shares of the company’s stock, valued at $4,068,603. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capstone Asset Management Co. increased its stake in shares of Enersys by 4.1% during the second quarter. Capstone Asset Management Co. now owns 4,363 shares of the industrial products company’s stock worth $316,000 after purchasing an additional 170 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Enersys by 4.7% during the second quarter. Oregon Public Employees Retirement Fund now owns 15,914 shares of the industrial products company’s stock worth $1,153,000 after purchasing an additional 714 shares in the last quarter. LS Investment Advisors LLC increased its stake in shares of Enersys by 15.3% during the second quarter. LS Investment Advisors LLC now owns 3,887 shares of the industrial products company’s stock worth $282,000 after purchasing an additional 516 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Enersys by 3.6% during the second quarter. Louisiana State Employees Retirement System now owns 11,400 shares of the industrial products company’s stock worth $826,000 after purchasing an additional 400 shares in the last quarter. Finally, Aperio Group LLC increased its stake in shares of Enersys by 55.2% during the second quarter. Aperio Group LLC now owns 20,449 shares of the industrial products company’s stock worth $1,482,000 after purchasing an additional 7,272 shares in the last quarter. 97.18% of the stock is owned by institutional investors.
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Enersys Company Profile
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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