Brokerages forecast that EnerSys (NYSE:ENS) will announce $1.13 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for EnerSys’ earnings, with estimates ranging from $1.12 to $1.14. EnerSys reported earnings of $1.17 per share in the same quarter last year, which suggests a negative year over year growth rate of 3.4%. The firm is scheduled to announce its next earnings report on Wednesday, February 5th.
On average, analysts expect that EnerSys will report full year earnings of $5.07 per share for the current financial year, with EPS estimates ranging from $4.97 to $5.17. For the next year, analysts expect that the business will report earnings of $6.04 per share, with EPS estimates ranging from $5.70 to $6.38. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for EnerSys.
EnerSys (NYSE:ENS) last announced its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $1.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.03. The business had revenue of $762.10 million during the quarter, compared to analyst estimates of $759.49 million. EnerSys had a return on equity of 16.96% and a net margin of 5.90%. The firm’s revenue was up 15.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.17 EPS.
Several brokerages have recently issued reports on ENS. Oppenheimer set a $78.00 price target on EnerSys and gave the company a “buy” rating in a report on Friday, August 9th. ValuEngine raised EnerSys from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. TheStreet raised EnerSys from a “c+” rating to a “b-” rating in a research note on Thursday, November 7th. Finally, Zacks Investment Research downgraded EnerSys from a “buy” rating to a “hold” rating and set a $63.00 price objective on the stock. in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $78.44.
Shares of EnerSys stock traded up $1.05 during trading on Thursday, hitting $68.65. 125,586 shares of the stock traded hands, compared to its average volume of 320,330. The stock has a market cap of $2.88 billion, a P/E ratio of 13.92, a PEG ratio of 1.35 and a beta of 1.58. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.00 and a current ratio of 2.90. EnerSys has a twelve month low of $53.56 and a twelve month high of $89.83. The company has a fifty day moving average price of $66.33 and a two-hundred day moving average price of $63.81.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, December 12th. EnerSys’s payout ratio is 14.20%.
Several hedge funds have recently modified their holdings of ENS. Meeder Asset Management Inc. raised its stake in shares of EnerSys by 133.7% in the 3rd quarter. Meeder Asset Management Inc. now owns 486 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 278 shares in the last quarter. Parkside Financial Bank & Trust increased its position in EnerSys by 20.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,268 shares of the industrial products company’s stock worth $84,000 after buying an additional 212 shares during the period. Exane Derivatives bought a new position in EnerSys in the 2nd quarter worth approximately $124,000. First Interstate Bank increased its position in EnerSys by 21.7% in the 2nd quarter. First Interstate Bank now owns 2,805 shares of the industrial products company’s stock worth $192,000 after buying an additional 500 shares during the period. Finally, First Mercantile Trust Co. increased its position in EnerSys by 87.0% in the 2nd quarter. First Mercantile Trust Co. now owns 2,828 shares of the industrial products company’s stock worth $194,000 after buying an additional 1,316 shares during the period. 93.86% of the stock is currently owned by institutional investors and hedge funds.
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.
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