Zacks: Brokerages Expect EnerSys (ENS) to Post $1.42 EPS

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

According to Zacks, 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 expect that the company will report earnings of $6.12 per share, with EPS estimates ranging from $6.10 to $6.13. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that that provide coverage for EnerSys.

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

ENS has been the topic of a number of recent research reports. ValuEngine raised EnerSys from a “hold” rating to a “buy” rating in a research note on Saturday, January 19th. Zacks Investment Research cut EnerSys from a “buy” rating to a “hold” rating in a research note on Tuesday, February 12th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. EnerSys has an average rating of “Buy” and a consensus price target of $93.55.

NYSE ENS opened at $68.81 on Tuesday. EnerSys has a 12 month low of $62.37 and a 12 month high of $89.83. The firm has a market capitalization of $3.04 billion, a PE ratio of 14.80, a P/E/G ratio of 1.16 and a beta of 1.31. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.00 and a current ratio of 2.91.

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.175 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.02%. EnerSys’s dividend payout ratio is currently 15.05%.

In other news, insider Todd M. Sechrist sold 24,039 shares of the stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $70.58, for a total value of $1,696,672.62. Following the sale, the insider now directly owns 41,244 shares of the company’s stock, valued at $2,911,001.52. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Several large investors have recently made changes to their positions in ENS. Bank of New York Mellon Corp lifted its holdings in shares of EnerSys by 5.0% during the third quarter. Bank of New York Mellon Corp now owns 1,165,325 shares of the industrial products company’s stock valued at $101,533,000 after purchasing an additional 55,549 shares in the last quarter. Martingale Asset Management L P lifted its holdings in shares of EnerSys by 56.5% during the third quarter. Martingale Asset Management L P now owns 9,413 shares of the industrial products company’s stock valued at $821,000 after purchasing an additional 3,398 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of EnerSys by 56.9% during the third quarter. JPMorgan Chase & Co. now owns 346,435 shares of the industrial products company’s stock valued at $30,186,000 after purchasing an additional 125,570 shares in the last quarter. Jane Street Group LLC bought a new position in shares of EnerSys during the third quarter valued at $239,000. Finally, BlueMountain Capital Management LLC lifted its holdings in shares of EnerSys by 179.9% during the third quarter. BlueMountain Capital Management LLC now owns 4,229 shares of the industrial products company’s stock valued at $368,000 after purchasing an additional 2,718 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other 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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