EnerSys to Post Q4 2018 Earnings of $1.21 Per Share, Oppenheimer Forecasts (ENS)

EnerSys (NYSE:ENS) – Analysts at Oppenheimer reduced their Q4 2018 earnings estimates for shares of EnerSys in a research note issued to investors on Friday. Oppenheimer analyst N. Kaye now forecasts that the industrial products company will earn $1.21 per share for the quarter, down from their prior estimate of $1.24. Oppenheimer has a “Buy” rating and a $77.00 price target on the stock. Oppenheimer also issued estimates for EnerSys’ FY2019 earnings at $5.25 EPS.

EnerSys (NYSE:ENS) last issued its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.11. The firm had revenue of $658.90 million during the quarter, compared to analyst estimates of $634.75 million. EnerSys had a return on equity of 18.02% and a net margin of 3.94%. The firm’s quarterly revenue was up 16.9% on a year-over-year basis. During the same period last year, the company posted $1.18 EPS.

ENS has been the subject of several other reports. Zacks Investment Research lowered EnerSys from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. ValuEngine lowered EnerSys from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. CL King raised EnerSys from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 16th. Finally, Sidoti lowered EnerSys from a “buy” rating to a “neutral” rating and set a $79.00 price objective for the company. in a research note on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $78.00.

Shares of EnerSys (ENS) opened at $71.36 on Monday. The firm has a market capitalization of $2,990.70, a price-to-earnings ratio of 31.86, a PEG ratio of 2.60 and a beta of 1.60. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.53 and a current ratio of 3.47. EnerSys has a one year low of $61.33 and a one year high of $84.74.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Thursday, March 15th. EnerSys’s dividend payout ratio is presently 31.25%.

EnerSys announced that its board has initiated a share buyback plan on Wednesday, November 8th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the industrial products company to buy shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisor Group Inc. boosted its stake in shares of EnerSys by 1.2% during the 2nd quarter. Advisor Group Inc. now owns 1,483 shares of the industrial products company’s stock worth $107,000 after acquiring an additional 18 shares in the last quarter. Zions Bancorporation purchased a new stake in shares of EnerSys in the third quarter valued at $130,000. Flinton Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 784 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of EnerSys by 45.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,468 shares of the industrial products company’s stock valued at $172,000 after purchasing an additional 769 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in shares of EnerSys in the third quarter valued at $188,000. 97.17% of the stock is owned by institutional investors and hedge funds.

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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.

Earnings History and Estimates for EnerSys (NYSE:ENS)

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