Equities analysts expect EnerSys (NYSE:ENS) to post $670.70 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued 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 posted sales of $626.80 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 7%. The firm is scheduled to issue 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 anticipate that the company will post sales of $2.66 billion per share, with estimates ranging from $2.63 billion to $2.69 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for EnerSys.
EnerSys (NYSE:ENS) last issued its earnings results on Wednesday, February 7th. The industrial products company reported $1.25 EPS for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.11. The business had revenue of $658.90 million for the quarter, compared to the consensus estimate of $634.75 million. EnerSys had a net margin of 3.94% and a return on equity of 18.02%. The company’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.18 EPS.
Several institutional investors and hedge funds have recently made changes to their positions in ENS. Advisor Group Inc. lifted its position in EnerSys by 1.2% during the second quarter. Advisor Group Inc. now owns 1,483 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 18 shares during the last quarter. Zions Bancorporation purchased a new stake in EnerSys during the third quarter valued at approximately $130,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in EnerSys by 45.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,468 shares of the industrial products company’s stock valued at $172,000 after acquiring an additional 769 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in EnerSys during the third quarter valued at approximately $188,000. Finally, Brown Advisory Inc. purchased a new stake in EnerSys during the third quarter valued at approximately $208,000. 97.58% of the stock is owned by hedge funds and other institutional investors.
Shares of EnerSys (ENS) traded up $0.58 during mid-day trading on Friday, reaching $73.72. 354,706 shares of the company’s stock were exchanged, compared to its average volume of 278,092. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.47 and a quick ratio of 2.53. The company has a market cap of $3,090.00, a P/E ratio of 18.07, a P/E/G ratio of 1.57 and a beta of 1.60. EnerSys has a twelve month low of $61.33 and a twelve month high of $84.74.
EnerSys announced that its Board of Directors has authorized a stock repurchase program on Wednesday, November 8th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the industrial products company to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be given a $0.175 dividend. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.70 annualized dividend and a dividend yield of 0.95%. EnerSys’s payout ratio is presently 17.16%.
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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