Zacks: Brokerages Expect Enersys (ENS) Will Post Earnings of $1.13 Per Share

Wall Street brokerages expect Enersys (NYSE:ENS) to announce earnings per share of $1.13 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Enersys’ earnings, with the highest EPS estimate coming in at $1.13 and the lowest estimate coming in at $1.12. Enersys posted earnings of $1.14 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 0.9%. The firm is scheduled to issue its next earnings report on Wednesday, August 9th.

On average, analysts expect that Enersys will report full-year earnings of $4.89 per share for the current fiscal year, with EPS estimates ranging from $4.83 to $4.94. For the next financial year, analysts anticipate that the business will post earnings of $5.32 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Enersys.

Enersys (NYSE:ENS) last announced its quarterly earnings results on Tuesday, May 30th. The industrial products company reported $1.28 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.28. Enersys had a net margin of 6.77% and a return on equity of 19.57%.

ENS has been the topic of a number of recent research reports. Oppenheimer Holdings, Inc. set a $95.00 price objective on shares of Enersys and gave the stock a “buy” rating in a report on Tuesday, March 21st. Zacks Investment Research cut shares of Enersys from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Finally, ValuEngine upgraded shares of Enersys from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $84.33.

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Shares of Enersys (NYSE ENS) traded down 0.26% during trading on Wednesday, reaching $73.42. 1,001,796 shares of the company traded hands. The firm’s 50 day moving average is $79.73 and its 200-day moving average is $78.90. Enersys has a 12-month low of $55.73 and a 12-month high of $84.74. The stock has a market capitalization of $3.20 billion, a P/E ratio of 20.17 and a beta of 1.65.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 16th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.95%. Enersys’s dividend payout ratio is presently 19.23%.

In other news, VP Kerry M. Kane sold 4,413 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $82.16, for a total value of $362,572.08. Following the transaction, the vice president now owns 17,210 shares in the company, valued at $1,413,973.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Holger P. Aschke sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $81.00, for a total transaction of $243,000.00. Following the completion of the transaction, the insider now owns 28,928 shares in the company, valued at approximately $2,343,168. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,676 shares of company stock worth $627,462. Insiders own 1.10% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank purchased a new position in shares of Enersys during the fourth quarter valued at about $46,125,000. Thrivent Financial for Lutherans increased its position in shares of Enersys by 0.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 145,460 shares of the industrial products company’s stock valued at $11,360,000 after buying an additional 600 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of Enersys during the fourth quarter valued at about $539,000. AQR Capital Management LLC increased its position in shares of Enersys by 143.7% in the fourth quarter. AQR Capital Management LLC now owns 179,273 shares of the industrial products company’s stock valued at $14,001,000 after buying an additional 105,717 shares in the last quarter. Finally, Guggenheim Capital LLC increased its position in shares of Enersys by 860.1% in the fourth quarter. Guggenheim Capital LLC now owns 52,651 shares of the industrial products company’s stock valued at $4,112,000 after buying an additional 47,167 shares in the last quarter. Hedge funds and other institutional investors own 94.77% of the company’s stock.

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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