EnerSys (ENS) Expected to Post Quarterly Sales of $816.10 Million
Wall Street analysts expect EnerSys (NYSE:ENS) to post sales of $816.10 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for EnerSys’ earnings, with the lowest sales estimate coming in at $811.20 million and the highest estimate coming in at $821.00 million. EnerSys posted sales of $683.00 million during the same quarter last year, which suggests a positive year over year growth rate of 19.5%. The business is scheduled to issue its next earnings report on Wednesday, May 15th.
On average, analysts expect that EnerSys will report full-year sales of $2.83 billion for the current financial year, with estimates ranging from $2.82 billion to $2.83 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $3.40 billion, with estimates ranging from $3.36 billion to $3.43 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow EnerSys.
EnerSys (NYSE:ENS) last posted its quarterly earnings data on Wednesday, February 6th. The industrial products company reported $1.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.24 by ($0.07). The firm had revenue of $680.00 million for the quarter, compared to the consensus estimate of $685.80 million. EnerSys had a return on equity of 16.55% and a net margin of 7.26%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.25 earnings per share.
NYSE ENS traded down $1.55 during trading on Tuesday, hitting $67.82. The stock had a trading volume of 217,500 shares, compared to its average volume of 365,594. EnerSys has a 12 month low of $62.37 and a 12 month high of $89.83. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.00 and a current ratio of 2.91. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 1.12 and a beta of 1.31.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 1.03%. The ex-dividend date was Thursday, March 14th. EnerSys’s payout ratio is 15.05%.
In related news, insider Todd M. Sechrist sold 24,039 shares of EnerSys stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $70.58, for a total value of $1,696,672.62. Following the sale, the insider now owns 41,244 shares of the company’s stock, valued at $2,911,001.52. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.50% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund grew its holdings in shares of EnerSys by 1.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 16,826 shares of the industrial products company’s stock worth $1,306,000 after acquiring an additional 194 shares during the period. Retirement Systems of Alabama grew its holdings in shares of EnerSys by 0.4% during the fourth quarter. Retirement Systems of Alabama now owns 54,648 shares of the industrial products company’s stock worth $4,241,000 after buying an additional 212 shares in the last quarter. Strs Ohio grew its holdings in shares of EnerSys by 6.8% during the fourth quarter. Strs Ohio now owns 4,700 shares of the industrial products company’s stock worth $364,000 after buying an additional 300 shares in the last quarter. Arizona State Retirement System raised its position in shares of EnerSys by 1.1% in the fourth quarter. Arizona State Retirement System now owns 30,251 shares of the industrial products company’s stock valued at $2,348,000 after buying an additional 342 shares during the last quarter. Finally, Ffcm LLC raised its position in shares of EnerSys by 319.6% in the fourth quarter. Ffcm LLC now owns 470 shares of the industrial products company’s stock valued at $36,000 after buying an additional 358 shares during the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.
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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