EnerSys (ENS) Expected to Post Earnings of $1.25 Per Share
Equities analysts expect EnerSys (NYSE:ENS) to announce $1.25 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for EnerSys’ earnings. EnerSys also posted earnings of $1.25 per share during the same quarter last year. The business is expected to announce its next earnings report on Wednesday, February 6th.
According to Zacks, analysts expect that EnerSys will report full-year earnings of $5.14 per share for the current year, with EPS estimates ranging from $5.11 to $5.16. For the next year, analysts anticipate that the business will report earnings of $6.01 per share, with EPS estimates ranging from $5.99 to $6.03. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover EnerSys.
EnerSys (NYSE:ENS) last announced its quarterly earnings results on Wednesday, November 7th. The industrial products company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.01. The company had revenue of $660.50 million for the quarter, compared to analysts’ expectations of $659.18 million. EnerSys had a net margin of 4.54% and a return on equity of 17.46%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the firm posted $1.05 earnings per share.
Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of EnerSys by 1.2% during the third quarter. Vanguard Group Inc. now owns 3,798,482 shares of the industrial products company’s stock worth $330,963,000 after acquiring an additional 46,499 shares during the period. Kepos Capital LP acquired a new stake in shares of EnerSys during the third quarter worth $404,000. AQR Capital Management LLC raised its holdings in shares of EnerSys by 14.9% during the third quarter. AQR Capital Management LLC now owns 403,020 shares of the industrial products company’s stock worth $35,115,000 after acquiring an additional 52,365 shares during the period. MetLife Investment Advisors LLC raised its holdings in shares of EnerSys by 21.7% during the third quarter. MetLife Investment Advisors LLC now owns 55,342 shares of the industrial products company’s stock worth $4,822,000 after acquiring an additional 9,855 shares during the period. Finally, Castleark Management LLC acquired a new stake in shares of EnerSys during the third quarter worth $7,476,000. Institutional investors and hedge funds own 97.61% of the company’s stock.
Shares of NYSE ENS traded down $0.88 during midday trading on Thursday, reaching $76.98. 210,500 shares of the stock were exchanged, compared to its average volume of 211,538. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of 16.55, a P/E/G ratio of 1.54 and a beta of 1.40. EnerSys has a 12 month low of $62.85 and a 12 month high of $89.72. The company has a quick ratio of 2.53, a current ratio of 3.40 and a debt-to-equity ratio of 0.50.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be issued a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.91%. EnerSys’s payout ratio is 15.05%.
EnerSys Company Profile
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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