$1.14 Earnings Per Share Expected for EnerSys (ENS) This Quarter
Wall Street brokerages expect EnerSys (NYSE:ENS) to post earnings of $1.14 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for EnerSys’ earnings. EnerSys reported earnings of $1.18 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 3.4%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, February 14th.
On average, analysts expect that EnerSys will report full year earnings of $4.58 per share for the current year, with EPS estimates ranging from $4.55 to $4.60. For the next year, analysts expect that the business will report earnings of $5.10 per share, with EPS estimates ranging from $5.06 to $5.13. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for EnerSys.
EnerSys (NYSE:ENS) last released its earnings results on Wednesday, November 8th. The industrial products company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.01. The firm had revenue of $617.30 million for the quarter, compared to analysts’ expectations of $603.54 million. EnerSys had a return on equity of 18.17% and a net margin of 6.64%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.15 earnings per share.
EnerSys (NYSE:ENS) opened at $74.71 on Thursday. The company has a market capitalization of $3,191.39, a P/E ratio of 20.36, a PEG ratio of 2.76 and a beta of 1.68. EnerSys has a 52 week low of $61.33 and a 52 week high of $84.74. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.49 and a current ratio of 3.43.
EnerSys declared that its Board of Directors has initiated a stock repurchase program on Wednesday, November 8th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the industrial products company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a $0.175 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.70 annualized dividend and a yield of 0.94%. EnerSys’s dividend payout ratio (DPR) is currently 19.07%.
In related news, insider Todd M. Sechrist sold 7,500 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $66.50, for a total value of $498,750.00. Following the transaction, the insider now owns 61,182 shares of the company’s stock, valued at $4,068,603. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.40% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in ENS. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in EnerSys by 7.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,699 shares of the industrial products company’s stock valued at $123,000 after acquiring an additional 122 shares in the last quarter. Schroder Investment Management Group boosted its position in EnerSys by 156.0% during the 2nd quarter. Schroder Investment Management Group now owns 19,200 shares of the industrial products company’s stock valued at $1,390,000 after acquiring an additional 11,700 shares in the last quarter. Wells Fargo & Company MN boosted its position in EnerSys by 0.7% during the 2nd quarter. Wells Fargo & Company MN now owns 536,727 shares of the industrial products company’s stock valued at $38,885,000 after acquiring an additional 3,569 shares in the last quarter. Riverhead Capital Management LLC boosted its position in EnerSys by 77.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,197 shares of the industrial products company’s stock valued at $232,000 after acquiring an additional 1,397 shares in the last quarter. Finally, Teachers Advisors LLC boosted its position in EnerSys by 6.7% during the 2nd quarter. Teachers Advisors LLC now owns 333,093 shares of the industrial products company’s stock valued at $24,133,000 after acquiring an additional 20,941 shares in the last quarter. 97.20% of the stock is currently owned by institutional investors and hedge funds.
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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