Wall Street analysts predict that EnerSys (NYSE:ENS) will report $679.45 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for EnerSys’ earnings, with the highest sales estimate coming in at $679.90 million and the lowest estimate coming in at $679.00 million. EnerSys posted sales of $658.90 million during the same quarter last year, which suggests a positive year over year growth rate of 3.1%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, February 6th.
According to Zacks, analysts expect that EnerSys will report full year sales of $2.73 billion for the current financial year, with estimates ranging from $2.73 billion to $2.74 billion. For the next year, analysts expect that the company will post sales of $2.84 billion, with estimates ranging from $2.83 billion to $2.84 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover EnerSys.
EnerSys (NYSE:ENS) last released its earnings results on Wednesday, November 7th. The industrial products company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.01. EnerSys had a net margin of 4.54% and a return on equity of 17.46%. The company had revenue of $660.50 million for the quarter, compared to analysts’ expectations of $659.18 million. During the same quarter last year, the business earned $1.05 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year.
Several research analysts have commented on the stock. Zacks Investment Research lowered shares of EnerSys from a “hold” rating to a “sell” rating in a research note on Monday, August 13th. ValuEngine upgraded EnerSys from a “hold” rating to a “buy” rating in a research report on Tuesday, November 6th. Oppenheimer restated a “buy” rating on shares of EnerSys in a report on Tuesday, October 30th. Sidoti lifted their target price on EnerSys from $93.00 to $104.00 and gave the company a “buy” rating in a research note on Thursday, October 4th. Finally, Citigroup lifted their target price on EnerSys from $86.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, October 4th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $99.00.
ENS stock opened at $79.20 on Friday. EnerSys has a fifty-two week low of $62.85 and a fifty-two week high of $89.72. The company has a quick ratio of 2.53, a current ratio of 3.40 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $3.55 billion, a P/E ratio of 17.03, a price-to-earnings-growth ratio of 1.64 and a beta of 1.41.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.70 annualized dividend and a yield of 0.88%. EnerSys’s dividend payout ratio (DPR) is presently 15.05%.
Several hedge funds have recently modified their holdings of ENS. First Hawaiian Bank purchased a new stake in shares of EnerSys during the third quarter worth about $175,000. Hartford Investment Management Co. purchased a new stake in shares of EnerSys during the third quarter worth about $209,000. Parametrica Management Ltd purchased a new stake in shares of EnerSys during the third quarter worth about $210,000. Macquarie Group Ltd. grew its stake in shares of EnerSys by 1,400.0% during the second quarter. Macquarie Group Ltd. now owns 3,000 shares of the industrial products company’s stock worth $224,000 after acquiring an additional 2,800 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in EnerSys in the third quarter valued at approximately $239,000. Institutional investors and hedge funds own 97.61% of the company’s stock.
EnerSys manufactures, markets, and distributes industrial batteries. The company offers battery chargers, power equipment, battery accessories, and outdoor cabinet enclosures, as well as related after-market and customer-support services for industrial batteries. It also provides reserve power products that are used for backup power for the continuous operation of critical applications in telecommunications systems, uninterruptible power systems applications for computer and computer-controlled systems, and other specialty power applications, including medical and security systems, premium starting, lighting, and ignition applications, as well as in switchgear, electrical control systems used in electric utilities, large-scale energy storage, energy pipelines, commercial aircraft, satellites, military aircraft, submarines, ships, and tactical vehicles.
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