Equities analysts forecast that EnerSys (NYSE:ENS) will announce $633.10 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for EnerSys’ earnings. The lowest sales estimate is $620.20 million and the highest is $646.00 million. EnerSys reported sales of $563.70 million in the same quarter last year, which indicates a positive year over year growth rate of 12.3%. The company is scheduled to report its next quarterly earnings results on Wednesday, February 14th.
On average, analysts expect that EnerSys will report full-year sales of $633.10 million for the current financial year, with estimates ranging from $2.52 billion to $2.57 billion. For the next fiscal year, analysts forecast that the company will post sales of $2.63 billion per share, with estimates ranging from $2.60 billion to $2.65 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover EnerSys.
EnerSys (NYSE:ENS) last issued its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.01. EnerSys had a return on equity of 18.17% and a net margin of 6.64%. The firm had revenue of $617.30 million during the quarter, compared to analyst estimates of $603.54 million. During the same quarter in the previous year, the company posted $1.15 earnings per share. The company’s revenue was up 7.2% compared to the same quarter last year.
Several equities research analysts have issued reports on ENS shares. Oppenheimer reaffirmed a “buy” rating and set a $77.00 price target on shares of EnerSys in a research note on Thursday, November 9th. Zacks Investment Research raised EnerSys from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, ValuEngine lowered EnerSys from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. EnerSys presently has an average rating of “Hold” and a consensus price target of $80.00.
In other news, insider Todd M. Sechrist sold 7,500 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $66.50, for a total value of $498,750.00. Following the completion of the sale, the insider now owns 61,182 shares of the company’s stock, valued at approximately $4,068,603. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.40% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisor Group Inc. lifted its stake in shares of EnerSys by 1.2% in the 2nd quarter. Advisor Group Inc. now owns 1,483 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 18 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of EnerSys by 7.7% in 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 during the last quarter. Zions Bancorporation bought a new stake in shares of EnerSys in the 3rd quarter valued at about $130,000. Flinton Capital Management LLC lifted its stake in shares of EnerSys by 68.1% in the 2nd quarter. Flinton Capital Management LLC now owns 1,936 shares of the industrial products company’s stock valued at $140,000 after acquiring an additional 784 shares during the last quarter. Finally, Victory Capital Management Inc. bought a new stake in shares of EnerSys in the 3rd quarter valued at about $188,000. 97.20% of the stock is owned by institutional investors.
Shares of EnerSys (NYSE:ENS) traded up $0.23 during mid-day trading on Friday, reaching $69.70. The company’s stock had a trading volume of 148,588 shares, compared to its average volume of 266,066. 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 has a 52-week low of $61.33 and a 52-week high of $84.74. The company has a market capitalization of $2,916.31, a price-to-earnings ratio of 14.95, a P/E/G ratio of 2.52 and a beta of 1.68.
EnerSys announced that its board has authorized a share repurchase plan on Wednesday, November 8th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the industrial products company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 1.00%. The ex-dividend date is Thursday, December 14th. EnerSys’s dividend payout ratio (DPR) is currently 19.07%.
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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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