EnerSys (NYSE:ENS) – Equities researchers at William Blair issued their Q1 2019 earnings per share (EPS) estimates for shares of EnerSys in a report released on Thursday, May 17th. William Blair analyst B. Drab anticipates that the industrial products company will post earnings of $1.17 per share for the quarter. William Blair also issued estimates for EnerSys’ Q2 2019 earnings at $1.32 EPS, Q3 2019 earnings at $1.46 EPS, Q4 2019 earnings at $1.47 EPS and FY2019 earnings at $5.42 EPS.
EnerSys (NYSE:ENS) last posted its quarterly earnings data on Wednesday, May 16th. The industrial products company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.01. The business had revenue of $683.00 million during the quarter, compared to analysts’ expectations of $669.19 million. EnerSys had a net margin of 4.63% and a return on equity of 17.52%. The business’s revenue was up 9.0% on a year-over-year basis. During the same period last year, the firm posted $1.28 earnings per share.
ENS has been the subject of several other reports. ValuEngine upgraded shares of EnerSys from a “hold” rating to a “buy” rating in a report on Saturday, March 10th. Sidoti upgraded shares of EnerSys from a “neutral” rating to a “buy” rating in a report on Monday, May 7th. Zacks Investment Research cut shares of EnerSys from a “buy” rating to a “hold” rating in a report on Tuesday, April 10th. Finally, TheStreet cut shares of EnerSys from a “b” rating to a “c+” rating in a report on Friday, February 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $76.67.
EnerSys stock opened at $78.54 on Friday. 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 company has a market capitalization of $3.09 billion, a PE ratio of 16.89, a P/E/G ratio of 1.40 and a beta of 1.48. EnerSys has a 12-month low of $61.33 and a 12-month high of $84.24.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Thursday, June 14th. EnerSys’s payout ratio is 15.05%.
A number of large investors have recently modified their holdings of ENS. Adviser Investments LLC bought a new stake in EnerSys during the first quarter worth approximately $103,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in EnerSys by 45.3% during the fourth 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 in the last quarter. Bayesian Capital Management LP bought a new stake in EnerSys during the first quarter worth approximately $236,000. Fox Run Management L.L.C. bought a new stake in EnerSys during the fourth quarter worth approximately $244,000. Finally, Meadow Creek Investment Management LLC boosted its holdings in EnerSys by 26.5% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 98.71% of the company’s stock.
EnerSys Company Profile
EnerSys manufactures, markets, and distributes industrial batteries. The company offers chargers, outdoor cabinet enclosures, power equipment, and battery accessories, 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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