Equities research analysts predict that EnerSys (NYSE:ENS) will report sales of $670.70 million for the current quarter, according to Zacks. Two analysts have made estimates for EnerSys’ earnings, with the highest sales estimate coming in at $689.00 million and the lowest estimate coming in at $652.40 million. EnerSys reported sales of $626.80 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 7%. The firm is expected to announce its next earnings report on Thursday, May 3rd.
On average, analysts expect that EnerSys will report full year sales of $670.70 million for the current year, with estimates ranging from $2.55 billion to $2.59 billion. For the next financial year, analysts expect that the business will post sales of $2.66 billion per share, with estimates ranging from $2.63 billion to $2.69 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover EnerSys.
EnerSys (NYSE:ENS) last released its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.11. EnerSys had a return on equity of 18.02% and a net margin of 3.94%. The firm had revenue of $658.90 million for the quarter, compared to analysts’ expectations of $634.75 million. During the same quarter last year, the firm posted $1.18 EPS. The company’s revenue was up 16.9% compared to the same quarter last year.
Shares of EnerSys (NYSE ENS) opened at $73.16 on Friday. EnerSys has a 1-year low of $61.33 and a 1-year high of $84.74. The firm has a market capitalization of $3,028.42, a PE ratio of 32.66, a price-to-earnings-growth ratio of 1.55 and a beta of 1.60. The company has a quick ratio of 2.53, a current ratio of 3.47 and a debt-to-equity ratio of 0.61.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be issued a dividend of $0.175 per share. The ex-dividend date is Thursday, March 15th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.96%. EnerSys’s dividend payout ratio is 31.25%.
EnerSys declared that its Board of Directors has authorized a share buyback plan on Wednesday, November 8th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the industrial products company to repurchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. raised its holdings in shares of EnerSys by 1.2% during the 2nd quarter. Advisor Group Inc. now owns 1,483 shares of the industrial products company’s stock valued at $107,000 after buying an additional 18 shares in the last quarter. Cornercap Investment Counsel Inc. raised its holdings in shares of EnerSys by 7.3% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 10,855 shares of the industrial products company’s stock valued at $756,000 after buying an additional 740 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of EnerSys by 45.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,468 shares of the industrial products company’s stock valued at $172,000 after buying an additional 769 shares in the last quarter. Meadow Creek Investment Management LLC raised its holdings in shares of EnerSys by 26.5% during the 4th quarter. Meadow Creek Investment Management LLC now owns 3,784 shares of the industrial products company’s stock valued at $264,000 after buying an additional 792 shares in the last quarter. Finally, First Mercantile Trust Co. raised its holdings in shares of EnerSys by 21.9% during the 4th quarter. First Mercantile Trust Co. now owns 4,460 shares of the industrial products company’s stock valued at $311,000 after buying an additional 800 shares in the last quarter. 97.58% of the stock is currently owned by institutional investors.
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EnerSys Company Profile
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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