$1.42 Earnings Per Share Expected for EnerSys (ENS) This Quarter

Brokerages expect that EnerSys (NYSE:ENS) will post earnings of $1.42 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for EnerSys’ earnings, with the highest EPS estimate coming in at $1.42 and the lowest estimate coming in at $1.41. EnerSys reported earnings of $1.24 per share during the same quarter last year, which indicates a positive year over year growth rate of 14.5%. The company is scheduled to issue its next quarterly earnings report on Wednesday, May 15th.

According to Zacks, analysts expect that EnerSys will report full-year earnings of $4.93 per share for the current financial year, with EPS estimates ranging from $4.92 to $4.94. For the next year, analysts expect that the firm will report earnings of $6.12 per share, with EPS estimates ranging from $6.10 to $6.13. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover EnerSys.

EnerSys (NYSE:ENS) last announced its earnings results on Wednesday, February 6th. The industrial products company reported $1.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.24 by ($0.07). The company had revenue of $680.00 million for the quarter, compared to analysts’ expectations of $685.80 million. EnerSys had a return on equity of 16.55% and a net margin of 7.26%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the business earned $1.25 EPS.

Several brokerages have weighed in on ENS. Zacks Investment Research lowered shares of EnerSys from a “buy” rating to a “hold” rating in a research note on Tuesday, February 12th. ValuEngine lowered shares of EnerSys from a “buy” rating to a “hold” rating in a research note on Friday, February 8th. Oppenheimer reaffirmed a “buy” rating on shares of EnerSys in a research note on Tuesday, October 30th. William Blair raised shares of EnerSys from a “market perform” rating to an “outperform” rating and set a $71.77 target price for the company in a research note on Thursday, December 20th. Finally, Sidoti set a $106.00 target price on shares of EnerSys and gave the stock a “buy” rating in a research note on Tuesday, October 30th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $93.55.

ENS stock traded down $2.01 during mid-day trading on Thursday, hitting $74.82. 440,844 shares of the company were exchanged, compared to its average volume of 418,417. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.91 and a quick ratio of 2.00. The firm has a market cap of $3.31 billion, a PE ratio of 16.09, a price-to-earnings-growth ratio of 1.51 and a beta of 1.39. EnerSys has a 12-month low of $65.93 and a 12-month high of $89.83.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be paid a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Thursday, March 14th. EnerSys’s payout ratio is 15.05%.

In other news, insider Todd M. Sechrist sold 24,039 shares of the firm’s stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $70.58, for a total value of $1,696,672.62. Following the completion of the transaction, the insider now owns 41,244 shares of the company’s stock, valued at $2,911,001.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.50% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Ffcm LLC raised its holdings in EnerSys by 319.6% during the fourth quarter. Ffcm LLC now owns 470 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 358 shares in the last quarter. Bessemer Group Inc. raised its holdings in EnerSys by 1,168.8% during the fourth quarter. Bessemer Group Inc. now owns 977 shares of the industrial products company’s stock worth $76,000 after purchasing an additional 900 shares in the last quarter. NumerixS Investment Technologies Inc acquired a new position in shares of EnerSys in the 4th quarter valued at $91,000. First Hawaiian Bank acquired a new position in shares of EnerSys in the 3rd quarter valued at $175,000. Finally, Advisor Group Inc. increased its holdings in shares of EnerSys by 21.0% in the 4th quarter. Advisor Group Inc. now owns 2,362 shares of the industrial products company’s stock valued at $183,000 after acquiring an additional 410 shares during the period. Institutional investors own 97.64% 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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