$696.50 Million in Sales Expected for EnerSys (NYSE:ENS) This Quarter

Brokerages expect EnerSys (NYSE:ENS) to post sales of $696.50 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for EnerSys’ earnings, with the lowest sales estimate coming in at $692.40 million and the highest estimate coming in at $700.60 million. EnerSys posted sales of $780.20 million in the same quarter last year, which suggests a negative year over year growth rate of 10.7%. The firm is scheduled to announce its next earnings results on Wednesday, August 5th.

On average, analysts expect that EnerSys will report full year sales of $2.94 billion for the current financial year, with estimates ranging from $2.90 billion to $2.99 billion. For the next financial year, analysts anticipate that the firm will post sales of $3.12 billion, with estimates ranging from $3.04 billion to $3.20 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for EnerSys.

EnerSys (NYSE:ENS) last posted its earnings results on Monday, June 1st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.07). EnerSys had a net margin of 4.44% and a return on equity of 15.17%. The company had revenue of $781.80 million during the quarter, compared to analysts’ expectations of $781.63 million. During the same period in the previous year, the company posted $1.43 EPS. EnerSys’s quarterly revenue was down 1.9% compared to the same quarter last year.

ENS has been the topic of several recent research reports. Oppenheimer lifted their target price on shares of EnerSys from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Sidoti decreased their target price on shares of EnerSys from $101.00 to $93.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. Zacks Investment Research upgraded shares of EnerSys from a “sell” rating to a “hold” rating and set a $62.00 target price on the stock in a research report on Friday, June 5th. ValuEngine upgraded shares of EnerSys from a “sell” rating to a “hold” rating in a research report on Thursday, June 4th. Finally, BTIG Research initiated coverage on shares of EnerSys in a research report on Monday, June 15th. They set a “neutral” rating on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $78.33.

Shares of NYSE:ENS traded up $0.80 on Thursday, hitting $63.19. 152,801 shares of the company were exchanged, compared to its average volume of 330,136. The company’s 50 day moving average price is $64.01 and its two-hundred day moving average price is $63.50. EnerSys has a one year low of $35.21 and a one year high of $78.97. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.74 and a current ratio of 2.60. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 1.60 and a beta of 1.60.

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Thursday, June 11th. EnerSys’s dividend payout ratio is presently 14.96%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Banque Cantonale Vaudoise bought a new position in shares of EnerSys in the fourth quarter worth about $33,000. Tower Research Capital LLC TRC raised its stake in shares of EnerSys by 6,813.3% during the first quarter. Tower Research Capital LLC TRC now owns 1,037 shares of the industrial products company’s stock worth $51,000 after buying an additional 1,022 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of EnerSys by 126.7% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,249 shares of the industrial products company’s stock worth $96,000 after buying an additional 698 shares during the last quarter. Macquarie Group Ltd. bought a new stake in shares of EnerSys during the fourth quarter worth approximately $97,000. Finally, First Bank & Trust raised its stake in shares of EnerSys by 213.6% during the first quarter. First Bank & Trust now owns 2,267 shares of the industrial products company’s stock worth $112,000 after buying an additional 1,544 shares during the last quarter. 96.41% of the stock is owned by institutional investors.

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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