Brokerages Expect EnerSys (ENS) Will Announce Quarterly Sales of $842.05 Million

Equities analysts expect EnerSys (NYSE:ENS) to report sales of $842.05 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for EnerSys’ earnings, with estimates ranging from $837.10 million to $847.00 million. EnerSys reported sales of $670.90 million during the same quarter last year, which would suggest a positive year over year growth rate of 25.5%. The firm is expected to report its next quarterly earnings results on Wednesday, August 14th.

On average, analysts expect that EnerSys will report full-year sales of $3.40 billion for the current fiscal year, with estimates ranging from $3.36 billion to $3.43 billion. For the next year, analysts anticipate that the business will post sales of $3.57 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover EnerSys.

EnerSys (NYSE:ENS) last posted its earnings results on Thursday, May 16th. The industrial products company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.01. The firm had revenue of $796.60 million during the quarter, compared to analyst estimates of $816.10 million. EnerSys had a net margin of 5.71% and a return on equity of 17.23%.

Several equities analysts have recently weighed in on the stock. ValuEngine lowered shares of EnerSys from a “buy” rating to a “hold” rating in a report on Friday, February 8th. Zacks Investment Research lowered shares of EnerSys from a “buy” rating to a “hold” rating in a report on Tuesday, February 12th. Finally, Sidoti set a $101.00 target price on shares of EnerSys and gave the company a “buy” rating in a report on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. EnerSys currently has an average rating of “Buy” and a consensus price target of $92.55.

Shares of NYSE:ENS traded up $0.72 during trading on Friday, hitting $60.76. 257,026 shares of the stock traded hands, compared to its average volume of 356,155. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.91 and a quick ratio of 2.00. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 12.32, a price-to-earnings-growth ratio of 1.01 and a beta of 1.32. EnerSys has a 52-week low of $59.27 and a 52-week high of $89.83.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 1.15%. The ex-dividend date is Thursday, June 13th. EnerSys’s payout ratio is presently 14.20%.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its holdings in EnerSys by 1.3% in the 1st quarter. BlackRock Inc. now owns 4,919,751 shares of the industrial products company’s stock worth $320,572,000 after acquiring an additional 64,542 shares in the last quarter. Wellington Management Group LLP increased its holdings in EnerSys by 53.9% in the 1st quarter. Wellington Management Group LLP now owns 3,320,365 shares of the industrial products company’s stock worth $216,355,000 after acquiring an additional 1,162,700 shares in the last quarter. Northern Trust Corp increased its holdings in EnerSys by 5.1% in the 1st quarter. Northern Trust Corp now owns 905,029 shares of the industrial products company’s stock worth $58,971,000 after acquiring an additional 43,516 shares in the last quarter. Norges Bank purchased a new stake in EnerSys in the 4th quarter worth $50,092,000. Finally, Principal Financial Group Inc. increased its holdings in EnerSys by 178.7% in the 1st quarter. Principal Financial Group Inc. now owns 570,806 shares of the industrial products company’s stock worth $37,193,000 after acquiring an additional 365,977 shares in the last quarter. 93.95% 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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Earnings History and Estimates for EnerSys (NYSE:ENS)

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