Wall Street brokerages predict that EnerSys (NYSE:ENS) will report $1.23 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for EnerSys’ earnings, with the highest EPS estimate coming in at $1.24 and the lowest estimate coming in at $1.21. EnerSys posted earnings per share of $1.28 in the same quarter last year, which suggests a negative year over year growth rate of 3.9%. The firm is scheduled to report its next earnings results on Thursday, May 3rd.
On average, analysts expect that EnerSys will report full year earnings of $4.65 per share for the current fiscal year, with EPS estimates ranging from $4.63 to $4.67. For the next year, analysts anticipate that the firm will post earnings of $5.28 per share, with EPS estimates ranging from $5.25 to $5.31. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover EnerSys.
EnerSys (NYSE:ENS) last released its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.25 EPS for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.11. EnerSys had a return on equity of 18.02% and a net margin of 3.94%. The company had revenue of $658.90 million for the quarter, compared to analyst estimates of $634.75 million. During the same quarter last year, the firm posted $1.18 earnings per share. EnerSys’s revenue was up 16.9% compared to the same quarter last year.
A number of brokerages recently issued reports on ENS. Zacks Investment Research lowered EnerSys from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. TheStreet lowered EnerSys from a “b” rating to a “c+” rating in a research report on Friday, February 9th. ValuEngine lowered EnerSys from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. CL King raised EnerSys from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 16th. Finally, Oppenheimer reissued a “buy” rating and issued a $77.00 target price on shares of EnerSys in a research report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $78.00.
Shares of EnerSys (NYSE ENS) opened at $72.28 on Wednesday. EnerSys has a 1 year low of $61.33 and a 1 year high of $84.74. The stock has a market capitalization of $3,055.25, a P/E ratio of 15.51, a P/E/G ratio of 1.57 and a beta of 1.60. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.47 and a quick ratio of 2.53.
EnerSys announced that its Board of Directors has initiated a share buyback plan on Wednesday, November 8th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits 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 board believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Thursday, March 15th. EnerSys’s dividend payout ratio is presently 31.25%.
Institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. grew its stake in EnerSys by 1.2% in the second quarter. Advisor Group Inc. now owns 1,483 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 18 shares in the last quarter. Cornercap Investment Counsel Inc. grew its stake in EnerSys by 7.3% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 10,855 shares of the industrial products company’s stock valued at $756,000 after purchasing an additional 740 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in 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. Meadow Creek Investment Management LLC grew its stake in EnerSys by 26.5% in the fourth quarter. Meadow Creek Investment Management LLC now owns 3,784 shares of the industrial products company’s stock valued at $264,000 after purchasing an additional 792 shares in the last quarter. Finally, First Mercantile Trust Co. grew its stake in EnerSys by 21.9% in the fourth quarter. First Mercantile Trust Co. now owns 4,460 shares of the industrial products company’s stock valued at $311,000 after purchasing an additional 800 shares in the last quarter. 97.58% of the stock is currently owned by institutional investors and hedge funds.
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EnerSys Company Profile
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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