Wall Street analysts expect EnerSys (NYSE:ENS) to report $670.70 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for EnerSys’ earnings. The lowest sales estimate is $652.40 million and the highest is $689.00 million. EnerSys reported sales of $626.80 million during the same quarter last year, which indicates a positive year-over-year growth rate of 7%. The firm is expected to report its next quarterly earnings results on Thursday, May 3rd.
On average, analysts expect that EnerSys will report full-year sales of $670.70 million for the current fiscal year, with estimates ranging from $2.55 billion to $2.59 billion. For the next fiscal year, analysts forecast that the company will report sales of $2.66 billion per share, with estimates ranging from $2.63 billion to $2.69 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow EnerSys.
EnerSys (NYSE:ENS) last released its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.11. The business had revenue of $658.90 million for the quarter, compared to the consensus estimate of $634.75 million. EnerSys had a net margin of 3.94% and a return on equity of 18.02%. The business’s revenue was up 16.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.18 EPS.
A number of research firms have recently issued reports on ENS. TheStreet downgraded shares of EnerSys from a “b” rating to a “c+” rating in a research note on Friday, February 9th. ValuEngine downgraded shares of EnerSys from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research raised shares of EnerSys from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. CL King raised shares of EnerSys from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 16th. Finally, Sidoti downgraded shares of EnerSys from a “buy” rating to a “neutral” rating and set a $79.00 target price on the stock. in a research note on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $78.00.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cornercap Investment Counsel Inc. increased its stake in EnerSys by 7.3% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 10,855 shares of the industrial products company’s stock worth $756,000 after buying an additional 740 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in EnerSys by 45.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,468 shares of the industrial products company’s stock worth $172,000 after buying an additional 769 shares during the period. Meadow Creek Investment Management LLC increased its stake in EnerSys by 26.5% during the 4th quarter. Meadow Creek Investment Management LLC now owns 3,784 shares of the industrial products company’s stock worth $264,000 after buying an additional 792 shares during the period. First Mercantile Trust Co. increased its stake in EnerSys by 21.9% during the 4th quarter. First Mercantile Trust Co. now owns 4,460 shares of the industrial products company’s stock worth $311,000 after buying an additional 800 shares during the period. Finally, Principal Financial Group Inc. increased its stake in EnerSys by 0.3% during the 3rd quarter. Principal Financial Group Inc. now owns 389,283 shares of the industrial products company’s stock worth $26,927,000 after buying an additional 1,008 shares during the period. 97.19% of the stock is currently owned by hedge funds and other institutional investors.
EnerSys (NYSE:ENS) traded down $0.93 during trading on Friday, hitting $70.75. 132,890 shares of the stock were exchanged, compared to its average volume of 251,577. The stock has a market cap of $3,026.33, a P/E ratio of 31.73, a price-to-earnings-growth ratio of 1.55 and a beta of 1.54. EnerSys has a twelve month low of $61.33 and a twelve month high of $84.74. The company has a quick ratio of 2.53, a current ratio of 3.47 and a debt-to-equity ratio of 0.61.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Thursday, March 15th. EnerSys’s payout ratio is currently 31.25%.
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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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