Zacks: Brokerages Anticipate EnerSys (NYSE:ENS) to Announce $1.13 EPS

Wall Street brokerages expect that EnerSys (NYSE:ENS) will report earnings of $1.13 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for EnerSys’ earnings, with the highest EPS estimate coming in at $1.14 and the lowest estimate coming in at $1.12. EnerSys reported earnings of $1.17 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 3.4%. The company is expected to report its next quarterly earnings results on Wednesday, February 5th.

According to Zacks, analysts expect that EnerSys will report full-year earnings of $5.07 per share for the current year, with EPS estimates ranging from $4.97 to $5.17. For the next financial year, analysts anticipate that the company will post earnings of $6.04 per share, with EPS estimates ranging from $5.70 to $6.38. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for EnerSys.

EnerSys (NYSE:ENS) last issued its earnings results on Wednesday, November 6th. The industrial products company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.03. EnerSys had a return on equity of 16.96% and a net margin of 5.90%. The business had revenue of $762.10 million during the quarter, compared to the consensus estimate of $759.49 million. During the same period last year, the company earned $1.17 EPS. The company’s revenue for the quarter was up 15.4% on a year-over-year basis.

A number of analysts have issued reports on the company. TheStreet raised EnerSys from a “c+” rating to a “b-” rating in a research note on Thursday, November 7th. Zacks Investment Research downgraded EnerSys from a “buy” rating to a “hold” rating and set a $63.00 target price for the company. in a research note on Wednesday, October 9th. Finally, ValuEngine raised EnerSys from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $78.44.

Shares of ENS traded up $1.27 during midday trading on Friday, reaching $74.40. The company had a trading volume of 9,614 shares, compared to its average volume of 185,844. EnerSys has a 1-year low of $53.56 and a 1-year high of $89.83. The stock has a market cap of $3.03 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 1.41 and a beta of 1.60. The firm has a 50 day simple moving average of $69.86 and a 200-day simple moving average of $64.47. The company has a quick ratio of 2.00, a current ratio of 2.90 and a debt-to-equity ratio of 0.85.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Thursday, December 12th. EnerSys’s dividend payout ratio is presently 14.20%.

In other news, insider Holger P. Aschke sold 5,750 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $69.50, for a total transaction of $399,625.00. Following the completion of the transaction, the insider now directly owns 38,804 shares in the company, valued at approximately $2,696,878. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.59% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC grew its holdings in shares of EnerSys by 18.0% during the 3rd quarter. Millennium Management LLC now owns 208,448 shares of the industrial products company’s stock worth $13,745,000 after purchasing an additional 31,823 shares during the period. Man Group plc grew its holdings in shares of EnerSys by 168.5% during the 3rd quarter. Man Group plc now owns 56,099 shares of the industrial products company’s stock worth $3,699,000 after purchasing an additional 35,206 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of EnerSys during the 3rd quarter worth $4,781,000. Boston Partners grew its holdings in shares of EnerSys by 0.9% during the 3rd quarter. Boston Partners now owns 2,259,019 shares of the industrial products company’s stock worth $149,319,000 after purchasing an additional 19,628 shares during the period. Finally, BBVA USA Bancshares Inc. purchased a new position in shares of EnerSys during the 3rd quarter worth $239,000. Institutional investors and hedge funds own 96.73% of the company’s stock.

About EnerSys

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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