$1.42 EPS Expected for EnerSys (ENS) This Quarter

Wall Street brokerages expect EnerSys (NYSE:ENS) to post earnings per share (EPS) of $1.42 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for EnerSys’ earnings. The lowest EPS estimate is $1.41 and the highest is $1.42. EnerSys posted earnings of $1.24 per share in the same quarter last year, which would suggest a positive year over year growth rate of 14.5%. The company is expected to report its next earnings report on Wednesday, May 15th.

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

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

ENS has been the topic of several research analyst reports. ValuEngine downgraded shares of EnerSys from a “buy” rating to a “hold” rating in a research note on Tuesday, October 23rd. Oppenheimer restated a “buy” rating on shares of EnerSys in a research note on Tuesday, October 30th. Sidoti set a $106.00 price objective on shares of EnerSys and gave the stock a “buy” rating in a research note on Tuesday, October 30th. William Blair upgraded shares of EnerSys from a “market perform” rating to an “outperform” rating and set a $71.77 price objective on the stock in a research note on Thursday, December 20th. Finally, Zacks Investment Research downgraded shares of EnerSys from a “buy” rating to a “hold” rating in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $93.55.

In other EnerSys news, insider Todd M. Sechrist sold 24,039 shares of EnerSys stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $70.58, for a total transaction of $1,696,672.62. Following the sale, the insider now owns 41,244 shares in the company, valued at $2,911,001.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of ENS. First Hawaiian Bank acquired a new stake in EnerSys during the third quarter worth $175,000. Skylands Capital LLC boosted its stake in EnerSys by 30.4% during the third quarter. Skylands Capital LLC now owns 38,650 shares of the industrial products company’s stock worth $3,368,000 after buying an additional 9,000 shares in the last quarter. First Trust Advisors LP boosted its stake in EnerSys by 9.1% during the third quarter. First Trust Advisors LP now owns 59,232 shares of the industrial products company’s stock worth $5,161,000 after buying an additional 4,965 shares in the last quarter. Frontier Capital Management Co. LLC boosted its stake in shares of EnerSys by 23.7% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 526,883 shares of the industrial products company’s stock valued at $45,907,000 after purchasing an additional 100,983 shares in the last quarter. Finally, Moody Aldrich Partners LLC acquired a new stake in shares of EnerSys in the 3rd quarter valued at $3,568,000. Hedge funds and other institutional investors own 97.64% of the company’s stock.

Shares of EnerSys stock opened at $74.64 on Thursday. The firm has a market capitalization of $3.14 billion, a PE ratio of 16.05, a P/E/G ratio of 1.52 and a beta of 1.39. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.00 and a current ratio of 2.91. EnerSys has a 1 year low of $65.93 and a 1 year high of $89.83.

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

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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