Wall Street brokerages expect that EnerSys (NYSE:ENS) will post sales of $784.25 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for EnerSys’ earnings. The highest sales estimate is $787.50 million and the lowest is $781.00 million. EnerSys reported sales of $680.00 million in the same quarter last year, which indicates a positive year-over-year growth rate of 15.3%. The firm is scheduled to issue its next earnings results on Wednesday, February 5th.
On average, analysts expect that EnerSys will report full year sales of $3.15 billion for the current financial year, with estimates ranging from $3.13 billion to $3.17 billion. For the next fiscal year, analysts expect that the business will post sales of $3.35 billion, with estimates ranging from $3.28 billion to $3.41 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for EnerSys.
EnerSys (NYSE:ENS) last posted its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.03. The business had revenue of $762.10 million for the quarter, compared to analysts’ expectations of $759.49 million. EnerSys had a return on equity of 16.96% and a net margin of 5.90%. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.17 earnings per share.
ENS has been the topic of several recent research reports. ValuEngine upgraded EnerSys from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Oppenheimer set a $78.00 price target on EnerSys and gave the company a “buy” rating in a report on Friday, August 9th. Zacks Investment Research cut EnerSys from a “buy” rating to a “hold” rating and set a $63.00 price target on the stock. in a report on Wednesday, October 9th. Finally, TheStreet upgraded EnerSys from a “c+” rating to a “b-” rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. EnerSys presently has an average rating of “Buy” and a consensus target price of $78.44.
A number of institutional investors and hedge funds have recently modified their holdings of ENS. Nuveen Asset Management LLC bought a new position in EnerSys during the second quarter worth about $14,275,000. Victory Capital Management Inc. boosted its holdings in EnerSys by 36.4% during the second quarter. Victory Capital Management Inc. now owns 579,530 shares of the industrial products company’s stock worth $39,698,000 after buying an additional 154,582 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of EnerSys by 43,859.9% during the 2nd quarter. Marshall Wace LLP now owns 142,430 shares of the industrial products company’s stock valued at $9,756,000 after purchasing an additional 142,106 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of EnerSys by 8.8% during the 2nd quarter. Northern Trust Corp now owns 984,879 shares of the industrial products company’s stock valued at $67,465,000 after purchasing an additional 79,850 shares in the last quarter. Finally, Roubaix Capital LLC bought a new position in shares of EnerSys during the 3rd quarter valued at about $4,814,000. Hedge funds and other institutional investors own 95.66% of the company’s stock.
EnerSys stock opened at $68.47 on Friday. The business’s 50-day simple moving average is $66.26 and its 200 day simple moving average is $63.83. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 13.89, a P/E/G ratio of 1.37 and a beta of 1.58. EnerSys has a 12-month low of $53.56 and a 12-month high of $89.83. The company has a quick ratio of 2.00, a current ratio of 2.90 and a debt-to-equity ratio of 0.85.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Thursday, December 12th. EnerSys’s dividend payout ratio (DPR) is currently 14.20%.
EnerSys Company Profile
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.
Featured Story: How to calculate the annual rate of depreciation
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for EnerSys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EnerSys and related companies with MarketBeat.com's FREE daily email newsletter.