$633.10 Million in Sales Expected for EnerSys (ENS) This Quarter
Equities research analysts expect EnerSys (NYSE:ENS) to report $633.10 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for EnerSys’ earnings. The highest sales estimate is $646.00 million and the lowest is $620.20 million. EnerSys reported sales of $563.70 million in the same quarter last year, which would suggest a positive year over year growth rate of 12.3%. The firm is expected to report its next earnings report after the market closes on Wednesday, February 7th.
According to Zacks, analysts expect that EnerSys will report full year sales of $633.10 million for the current fiscal year, with estimates ranging from $2.52 billion to $2.57 billion. For the next fiscal year, analysts anticipate that the company will report sales of $2.63 billion per share, with estimates ranging from $2.60 billion to $2.65 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow EnerSys.
EnerSys (NYSE:ENS) last issued its earnings results on Wednesday, November 8th. The industrial products company reported $1.05 EPS for the quarter, topping the consensus estimate of $1.04 by $0.01. EnerSys had a net margin of 6.64% and a return on equity of 18.17%. The company had revenue of $617.30 million for the quarter, compared to analyst estimates of $603.54 million. During the same period in the previous year, the firm earned $1.15 EPS. The business’s revenue was up 7.2% on a year-over-year basis.
In related news, insider Todd M. Sechrist sold 7,500 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $66.50, for a total value of $498,750.00. Following the sale, the insider now directly owns 61,182 shares in the company, valued at approximately $4,068,603. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in the stock. First Mercantile Trust Co. raised its stake in EnerSys by 21.9% in the 4th quarter. First Mercantile Trust Co. now owns 4,460 shares of the industrial products company’s stock valued at $311,000 after purchasing an additional 800 shares during the last quarter. New Amsterdam Partners LLC NY acquired a new position in EnerSys in the 4th quarter valued at about $4,033,000. SeaCrest Wealth Management LLC acquired a new position in EnerSys in the 4th quarter valued at about $597,000. US Bancorp DE raised its stake in EnerSys by 12.6% in the 4th quarter. US Bancorp DE now owns 12,446 shares of the industrial products company’s stock valued at $866,000 after purchasing an additional 1,388 shares during the last quarter. Finally, Comerica Bank raised its stake in EnerSys by 25.3% in the 4th quarter. Comerica Bank now owns 142,211 shares of the industrial products company’s stock valued at $10,303,000 after purchasing an additional 28,732 shares during the last quarter. 95.38% of the stock is owned by hedge funds and other institutional investors.
Shares of EnerSys (ENS) opened at $64.57 on Tuesday. EnerSys has a 1 year low of $61.33 and a 1 year high of $84.74. The company has a quick ratio of 2.49, a current ratio of 3.43 and a debt-to-equity ratio of 0.64. The company has a market cap of $2,929.37, a PE ratio of 15.02, a P/E/G ratio of 2.53 and a beta of 1.60.
EnerSys announced that its board has approved a stock repurchase program on Wednesday, November 8th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
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EnerSys Company Profile
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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