Equities research analysts predict that EnerSys (NYSE:ENS) will post $816.10 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for EnerSys’ earnings, with the lowest sales estimate coming in at $811.20 million and the highest estimate coming in at $821.00 million. EnerSys reported sales of $683.00 million in the same quarter last year, which indicates a positive year over year growth rate of 19.5%. The company is scheduled to issue its next quarterly earnings results on Wednesday, May 15th.
On average, analysts expect that EnerSys will report full-year sales of $2.83 billion for the current year, with estimates ranging from $2.82 billion to $2.83 billion. For the next financial year, analysts forecast that the business will report sales of $3.40 billion, with estimates ranging from $3.36 billion to $3.43 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for EnerSys.
EnerSys (NYSE:ENS) last released its earnings results on Wednesday, February 6th. The industrial products company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.07). EnerSys had a net margin of 7.26% and a return on equity of 16.55%. The company had revenue of $680.00 million during the quarter, compared to analyst estimates of $685.80 million. During the same period in the previous year, the company posted $1.25 EPS. The company’s quarterly revenue was up 3.2% compared to the same quarter last year.
ENS has been the topic of several analyst reports. Sidoti set a $106.00 target price on EnerSys and gave the company a “buy” rating in a research note on Tuesday, October 30th. ValuEngine raised EnerSys from a “hold” rating to a “buy” rating in a research note on Saturday, January 19th. William Blair raised EnerSys from a “market perform” rating to an “outperform” rating and set a $71.77 target price on the stock in a research note on Thursday, December 20th. Oppenheimer reissued a “buy” rating on shares of EnerSys in a research note on Tuesday, October 30th. Finally, Zacks Investment Research lowered EnerSys from a “buy” rating to a “hold” rating in a research note on Tuesday, February 12th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $93.55.
In other EnerSys news, insider Todd M. Sechrist sold 24,039 shares of the stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $70.58, for a total value of $1,696,672.62. Following the completion of the sale, the insider now directly owns 41,244 shares in the company, valued at $2,911,001.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in ENS. First Hawaiian Bank bought a new stake in shares of EnerSys in the third quarter worth about $175,000. Skylands Capital LLC increased its holdings in shares of EnerSys by 30.4% in the third quarter. Skylands Capital LLC now owns 38,650 shares of the industrial products company’s stock worth $3,368,000 after acquiring an additional 9,000 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of EnerSys by 9.1% in the third quarter. First Trust Advisors LP now owns 59,232 shares of the industrial products company’s stock worth $5,161,000 after acquiring an additional 4,965 shares in the last quarter. Frontier Capital Management Co. LLC increased its holdings in shares of EnerSys by 23.7% in the third quarter. Frontier Capital Management Co. LLC now owns 526,883 shares of the industrial products company’s stock worth $45,907,000 after acquiring an additional 100,983 shares in the last quarter. Finally, Moody Aldrich Partners LLC bought a new stake in shares of EnerSys in the third quarter worth about $3,568,000. Institutional investors own 93.23% of the company’s stock.
NYSE:ENS traded up $1.84 during mid-day trading on Friday, hitting $77.10. The company had a trading volume of 336,572 shares, compared to its average volume of 531,566. EnerSys has a fifty-two week low of $65.93 and a fifty-two week high of $89.83. The company has a current ratio of 2.91, a quick ratio of 2.00 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 1.53 and a beta of 1.39.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be issued a $0.175 dividend. The ex-dividend date is Thursday, March 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.91%. EnerSys’s dividend payout ratio (DPR) is currently 15.05%.
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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