Brokerages Expect EnerSys (ENS) Will Post Earnings of $1.23 Per Share

Analysts expect EnerSys (NYSE:ENS) to report earnings of $1.23 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for EnerSys’ earnings, with the lowest EPS estimate coming in at $1.21 and the highest estimate coming in at $1.24. EnerSys reported earnings per share of $1.28 in the same quarter last year, which would suggest a negative year over year growth rate of 3.9%. The company is scheduled to report its next quarterly earnings report 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 financial year, analysts forecast that the firm will post earnings of $5.28 per share, with EPS estimates ranging from $5.25 to $5.31. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for EnerSys.

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EnerSys (NYSE:ENS) last posted its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.11. EnerSys had a net margin of 3.94% and a return on equity of 18.02%. The company had revenue of $658.90 million for the quarter, compared to analyst estimates of $634.75 million. During the same period last year, the business posted $1.18 EPS. The business’s quarterly revenue was up 16.9% on a year-over-year basis.

Several analysts have recently weighed in on the stock. TheStreet lowered shares of EnerSys from a “b” rating to a “c+” rating in a research report on Friday, February 9th. ValuEngine lowered shares of EnerSys from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. CL King upgraded shares of EnerSys from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 16th. Finally, Sidoti lowered shares of EnerSys from a “buy” rating to a “neutral” rating and set a $79.00 target price on the stock. in a research report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $78.00.

Several institutional investors have recently modified their holdings of the company. Xact Kapitalforvaltning AB acquired a new stake in shares of EnerSys during the 4th quarter valued at about $322,000. Segall Bryant & Hamill LLC boosted its position in EnerSys by 12.5% in the fourth quarter. Segall Bryant & Hamill LLC now owns 81,791 shares of the industrial products company’s stock valued at $5,695,000 after buying an additional 9,093 shares in the last quarter. MetLife Investment Advisors LLC bought a new position in shares of EnerSys in the fourth quarter worth about $3,180,000. Glenmede Trust Co. NA raised its stake in shares of EnerSys by 28.4% in the fourth quarter. Glenmede Trust Co. NA now owns 545,057 shares of the industrial products company’s stock worth $37,951,000 after acquiring an additional 120,698 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in shares of EnerSys by 75.1% in the fourth quarter. Jane Street Group LLC now owns 9,396 shares of the industrial products company’s stock worth $654,000 after acquiring an additional 4,031 shares during the last quarter. Institutional investors and hedge funds own 97.18% of the company’s stock.

Shares of EnerSys stock traded up $1.47 during trading on Tuesday, hitting $69.37. 236,037 shares of the company’s stock traded hands, compared to its average volume of 189,517. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.53 and a current ratio of 3.47. EnerSys has a twelve month low of $61.33 and a twelve month high of $84.74. The firm has a market cap of $2,907.30, a P/E ratio of 14.60, a price-to-earnings-growth ratio of 1.49 and a beta of 1.54.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 16th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Thursday, March 15th. This represents a $0.70 annualized dividend and a dividend yield of 1.01%. EnerSys’s dividend payout ratio (DPR) is currently 14.74%.

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About EnerSys

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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Earnings History and Estimates for EnerSys (NYSE:ENS)

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