$784.25 Million in Sales Expected for EnerSys (NYSE:ENS) This Quarter
Wall Street analysts expect that EnerSys (NYSE:ENS) will post $784.25 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for EnerSys’ earnings. The highest sales estimate is $787.50 million and the lowest is $781.00 million. EnerSys reported sales of $680.00 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 15.3%. The company is expected to issue its next earnings results on Wednesday, February 5th.
On average, analysts expect that EnerSys will report full year sales of $3.15 billion for the current financial year, with estimates ranging from $3.13 billion to $3.17 billion. For the next year, analysts anticipate that the business will report sales of $3.35 billion, with estimates ranging from $3.28 billion to $3.41 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover EnerSys.
EnerSys (NYSE:ENS) last released its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $1.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.03. The firm had revenue of $762.10 million during the quarter, compared to analysts’ expectations of $759.49 million. EnerSys had a return on equity of 16.96% and a net margin of 5.90%. EnerSys’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.17 EPS.
Several hedge funds have recently bought and sold shares of the stock. Eaton Vance Management increased its position in EnerSys by 23.7% in the second quarter. Eaton Vance Management now owns 258,163 shares of the industrial products company’s stock worth $17,684,000 after buying an additional 49,492 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of EnerSys by 2.8% in the second quarter. Charles Schwab Investment Management Inc. now owns 316,690 shares of the industrial products company’s stock worth $21,694,000 after purchasing an additional 8,668 shares in the last quarter. Foundry Partners LLC grew its stake in shares of EnerSys by 9.2% in the third quarter. Foundry Partners LLC now owns 152,340 shares of the industrial products company’s stock worth $10,045,000 after purchasing an additional 12,874 shares in the last quarter. RMB Capital Management LLC grew its stake in shares of EnerSys by 10.4% in the second quarter. RMB Capital Management LLC now owns 22,274 shares of the industrial products company’s stock worth $1,526,000 after purchasing an additional 2,093 shares in the last quarter. Finally, Man Group plc boosted its stake in EnerSys by 316.6% during the second quarter. Man Group plc now owns 20,893 shares of the industrial products company’s stock valued at $1,431,000 after buying an additional 15,878 shares in the last quarter. 93.86% of the stock is currently owned by institutional investors and hedge funds.
NYSE ENS traded up $1.05 on Friday, reaching $68.65. The company had a trading volume of 125,586 shares, compared to its average volume of 320,330. The firm has a market capitalization of $2.88 billion, a PE ratio of 13.92, a P/E/G ratio of 1.35 and a beta of 1.58. EnerSys has a 1 year low of $53.56 and a 1 year high of $89.83. The firm has a 50-day moving average of $66.33 and a 200-day moving average of $63.81. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.90 and a quick ratio of 2.00.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, December 12th. EnerSys’s dividend payout ratio is currently 14.20%.
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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