FY2020 EPS Estimates for EnerSys Lowered by Analyst (NYSE:ENS)

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EnerSys (NYSE:ENS) – Stock analysts at William Blair lowered their FY2020 earnings per share (EPS) estimates for EnerSys in a report released on Friday, August 9th. William Blair analyst B. Drab now expects that the industrial products company will earn $5.67 per share for the year, down from their previous estimate of $5.95. William Blair also issued estimates for EnerSys’ FY2022 earnings at $6.98 EPS.

EnerSys (NYSE:ENS) last posted its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.32 by ($0.02). The business had revenue of $780.20 million during the quarter, compared to analysts’ expectations of $819.86 million. EnerSys had a return on equity of 17.13% and a net margin of 5.58%. The business’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.17 earnings per share.

ENS has been the topic of a number of other reports. ValuEngine downgraded shares of EnerSys from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. Oppenheimer set a $78.00 target price on shares of EnerSys and gave the stock a “buy” rating in a research note on Friday, August 9th. Sidoti set a $101.00 target price on shares of EnerSys and gave the stock a “buy” rating in a research note on Friday, May 17th. Finally, TheStreet downgraded shares of EnerSys from a “b-” rating to a “c+” rating in a research note on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. EnerSys has a consensus rating of “Buy” and an average price target of $89.15.

NYSE:ENS opened at $57.75 on Monday. The stock has a 50-day simple moving average of $65.33. The company has a current ratio of 2.54, a quick ratio of 1.67 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $2.50 billion, a P/E ratio of 11.71, a P/E/G ratio of 1.02 and a beta of 1.52. EnerSys has a twelve month low of $55.51 and a twelve month high of $89.83.

A number of hedge funds have recently modified their holdings of ENS. NumerixS Investment Technologies Inc raised its stake in EnerSys by 50.0% during the first quarter. NumerixS Investment Technologies Inc now owns 1,800 shares of the industrial products company’s stock worth $114,000 after purchasing an additional 600 shares during the period. Exane Derivatives purchased a new position in EnerSys during the second quarter worth about $124,000. First Interstate Bank raised its stake in EnerSys by 21.7% during the second quarter. First Interstate Bank now owns 2,805 shares of the industrial products company’s stock worth $192,000 after purchasing an additional 500 shares during the period. First Mercantile Trust Co. raised its stake in EnerSys by 87.0% during the second quarter. First Mercantile Trust Co. now owns 2,828 shares of the industrial products company’s stock worth $194,000 after purchasing an additional 1,316 shares during the period. Finally, Oakbrook Investments LLC purchased a new position in EnerSys during the second quarter worth about $202,000. 94.51% of the stock is currently owned by institutional investors.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Thursday, September 12th. EnerSys’s dividend payout ratio (DPR) is presently 14.20%.

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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Earnings History and Estimates for EnerSys (NYSE:ENS)

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