Brokerages Expect EnerSys (NYSE:ENS) to Announce $0.68 Earnings Per Share

Analysts expect EnerSys (NYSE:ENS) to announce earnings per share (EPS) of $0.68 for the current quarter, Zacks reports. Two analysts have issued estimates for EnerSys’ earnings, with the lowest EPS estimate coming in at $0.65 and the highest estimate coming in at $0.71. EnerSys reported earnings of $1.30 per share during the same quarter last year, which suggests a negative year over year growth rate of 47.7%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, August 5th.

On average, analysts expect that EnerSys will report full-year earnings of $3.95 per share for the current financial year, with EPS estimates ranging from $3.71 to $4.19. For the next fiscal year, analysts anticipate that the business will post earnings of $5.41 per share, with EPS estimates ranging from $4.67 to $6.14. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for EnerSys.

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

Several research firms recently commented on ENS. ValuEngine raised EnerSys from a “sell” rating to a “hold” rating in a research note on Thursday, June 4th. BTIG Research began coverage on EnerSys in a research note on Monday, June 15th. They set a “neutral” rating for the company. Zacks Investment Research raised EnerSys from a “sell” rating to a “hold” rating and set a $62.00 target price for the company in a research note on Friday, June 5th. Oppenheimer boosted their target price on EnerSys from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. Finally, Sidoti lowered their target price on EnerSys from $101.00 to $93.00 and set a “buy” rating for the company in a research note on Friday, March 27th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $78.33.

Shares of NYSE ENS traded up $0.80 during trading on Tuesday, reaching $63.19. The stock had a trading volume of 152,801 shares, compared to its average volume of 330,136. EnerSys has a fifty-two week low of $35.21 and a fifty-two week high of $78.97. The company has a market cap of $2.68 billion, a P/E ratio of 19.75, a PEG ratio of 1.60 and a beta of 1.60. 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 business’s 50-day moving average price is $64.01 and its 200-day moving average price is $63.50.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Thursday, June 11th. EnerSys’s dividend payout ratio (DPR) is 14.96%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank acquired a new stake in shares of EnerSys in the 4th quarter worth approximately $47,266,000. Janus Henderson Group PLC grew its position in EnerSys by 17.1% in the fourth quarter. Janus Henderson Group PLC now owns 1,923,502 shares of the industrial products company’s stock worth $143,936,000 after buying an additional 280,919 shares during the last quarter. Bowen Hanes & Co. Inc. acquired a new position in EnerSys in the fourth quarter worth approximately $14,966,000. Frontier Capital Management Co. LLC grew its position in EnerSys by 27.4% in the first quarter. Frontier Capital Management Co. LLC now owns 889,965 shares of the industrial products company’s stock worth $44,071,000 after buying an additional 191,201 shares during the last quarter. Finally, Reilly Financial Advisors LLC acquired a new position in EnerSys in the first quarter worth approximately $6,856,000. 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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