Zacks: Analysts Anticipate EnerSys (ENS) Will Post Quarterly Sales of $633.10 Million

Equities research analysts forecast that EnerSys (NYSE:ENS) will report sales of $633.10 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided 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 expected to issue its next quarterly earnings report after the market closes on Wednesday, February 7th.

According to Zacks, analysts expect that EnerSys will report full year sales of $633.10 million for the current fiscal year, with estimates ranging from $2.52 billion to $2.57 billion. For the next fiscal year, analysts expect that the firm will post sales of $2.63 billion per share, with estimates ranging from $2.60 billion to $2.65 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow EnerSys.

EnerSys (NYSE:ENS) last released its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.01. The business had revenue of $617.30 million during the quarter, compared to analyst estimates of $603.54 million. EnerSys had a net margin of 6.64% and a return on equity of 18.17%. The business’s revenue was up 7.2% on a year-over-year basis. During the same period last year, the business earned $1.15 EPS.

A number of research analysts have commented on ENS shares. Zacks Investment Research upgraded shares of EnerSys from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Oppenheimer reiterated a “buy” rating and set a $77.00 price objective (down from $82.00) on shares of EnerSys in a research note on Wednesday, November 1st. Finally, CL King upgraded shares of EnerSys from a “neutral” rating to a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. EnerSys presently has an average rating of “Hold” and an average target price of $80.00.

In other EnerSys news, insider Todd M. Sechrist sold 7,500 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $66.50, for a total transaction of $498,750.00. Following the transaction, the insider now directly owns 61,182 shares in the company, valued at approximately $4,068,603. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Several institutional investors have recently bought and sold shares of ENS. Janus Henderson Group PLC bought a new position in shares of EnerSys in the 2nd quarter worth about $116,256,000. Royce & Associates LP lifted its position in shares of EnerSys by 4,393.4% in the 3rd quarter. Royce & Associates LP now owns 494,277 shares of the industrial products company’s stock worth $34,189,000 after buying an additional 483,277 shares during the last quarter. Koch Industries Inc. bought a new position in shares of EnerSys in the 2nd quarter worth about $302,000. Thompson Siegel & Walmsley LLC lifted its position in shares of EnerSys by 125.1% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 322,131 shares of the industrial products company’s stock worth $22,282,000 after buying an additional 179,021 shares during the last quarter. Finally, Global X MANAGEMENT CO LLC lifted its position in shares of EnerSys by 139.6% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 306,782 shares of the industrial products company’s stock worth $21,220,000 after buying an additional 178,738 shares during the last quarter. Institutional investors own 97.20% of the company’s stock.

EnerSys (NYSE:ENS) traded up $2.50 during midday trading on Friday, reaching $76.57. 251,036 shares of the company’s stock were exchanged, compared to its average volume of 199,761. EnerSys has a 12-month low of $61.33 and a 12-month high of $84.74. The company has a quick ratio of 2.49, a current ratio of 3.43 and a debt-to-equity ratio of 0.64. The company has a market cap of $3,120.20, a P/E ratio of 20.86, a price-to-earnings-growth ratio of 2.70 and a beta of 1.68.

EnerSys declared that its board has approved a share buyback plan on Wednesday, November 8th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were paid a dividend of $0.175 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.91%. EnerSys’s dividend payout ratio (DPR) is 19.07%.

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About EnerSys

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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Earnings History and Estimates for EnerSys (NYSE:ENS)

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