Zacks: Brokers Predict EnerSys (NYSE: ENS) to Report Earnings of $ 1.06 Per Share
Wall Street analysts expect EnerSys (NYSE: ENS) to report earnings of $ 1.06 per share for the current fiscal quarter, Zack reports. Three analysts have released earnings estimates for EnerSys. The lowest EPS estimate is $ 1.04 and the highest is $ 1.08. EnerSys reported earnings of $ 1.00 per share for the same quarter last year, suggesting a positive growth rate of 6% year-over-year. The company is expected to release its next quarterly earnings report on Wednesday, November 10.
According to Zacks, analysts expect EnerSys to report annual earnings of $ 5.10 per share for the current year, with EPS estimates ranging from $ 5.09 to $ 5.11. For the next fiscal year, analysts expect the company to report earnings of $ 6.13 per share, with EPS estimates ranging from $ 6.10 to $ 6.16. Zacks EPS Averages is an average based on a survey of sell-side research companies that provide coverage for EnerSys.
EnerSys (NYSE: ENS) last reported its quarterly results on Wednesday, August 11. The industrials company reported earnings per share of $ 1.25 for the quarter, beating the Zacks consensus estimate of $ 1.20 by $ 0.05. EnerSys had a net margin of 4.92% and a return on equity of 13.76%. The company posted revenue of $ 814.90 million for the quarter, compared to analysts’ estimates of $ 815.10 million.
A number of research analysts weighed in on the title. BTIG Research downgraded EnerSys shares from a âneutralâ rating to a âbuyâ rating and set a target price of $ 125 on the stock in a research note on Wednesday, June 16. TheStreet downgraded EnerSys shares from a âb-â rating to a âc +â rating in a report released on Tuesday, September 21.
ENS traded down $ 0.07 in Friday’s session, reaching $ 75.59. The company had a trading volume of 140,968 shares, compared to an average volume of 242,829. The company has a debt ratio of 0.65, a current ratio of 2.81 and a rapid ratio of 1.88. EnerSys has a 12 month low of $ 63.03 and a 12 month high of $ 104.47. The company’s fifty-day mobile average price is $ 88.00 and its 200-day mobile average price is $ 92.02. The company has a market cap of $ 3.21 billion, a P / E ratio of 21.54, a PEG ratio of 1.51 and a beta of 1.43.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 24. Shareholders of record on Friday September 10 received a dividend of $ 0.175. The ex-dividend date of this dividend was Thursday, September 9. This represents a dividend of $ 0.70 on an annualized basis and a dividend yield of 0.93%. EnerSys’ dividend payout ratio (DPR) is currently 15.59%.
Separately, insider Andrew M. Zogby sold 4,351 shares of the company in a trade on Friday, August 27. The shares were sold at an average price of $ 87.26, for a total trade of $ 379,668.26. As a result of the transaction, the insider now directly owns 32,317 shares of the company, valued at $ 2,819,981.42. The sale was disclosed in a filing with the SEC, which is available through this link. Additionally, CEO David M. Shaffer sold 7,100 shares of the company in a trade on Tuesday, August 31. The shares were sold at an average price of $ 85.02, for a total trade of $ 603,642.00. Following the completion of the transaction, the CEO now owns 223,655 shares of the company, valued at $ 19,015,148.10. Disclosure of this sale can be found here. 1.37% of the shares are held by company insiders.
Large investors have recently increased or reduced their stakes in the company. The Toronto Dominion Bank acquired a new position in EnerSys shares in the first quarter valued at $ 25,000. Rockefeller Capital Management LP increased its stake in EnerSys shares by 389.2% in the first quarter. Rockefeller Capital Management LP now owns 318 shares of the industrials company valued at $ 28,000 after purchasing an additional 253 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in EnerSys shares in the second quarter valued at $ 34,000. Heritage Wealth Management LLC increased its stake in EnerSys shares by 57.5% in the second quarter. Heritage Wealth Management LLC now owns 885 shares of the industrial products company valued at $ 87,000 after purchasing an additional 323 shares in the last quarter. Finally, Sage Financial Management Group Inc. acquired a new position in EnerSys shares in the first quarter valued at $ 97,000. Hedge funds and other institutional investors hold 95.03% of the company’s shares.
EnerSys Company Profile
EnerSys is committed to providing stored energy solutions for industrial applications. The company operates in the following segments: energy systems, motive power and specialty. The energy systems segment, which combines enclosures, energy conversion, energy distribution and energy storage, is used in the telecommunications, broadband and utilities, uninterruptible power supplies and other applications requiring stored energy solutions.
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