EnerSys (NYSE:ENS) Expected to Announce Quarterly Sales of $883.00 Million

Brokerages expect EnerSys (NYSE:ENSGet Rating) to announce $883.00 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for EnerSys’ earnings, with the highest sales estimate coming in at $900.00 million and the lowest estimate coming in at $866.00 million. EnerSys reported sales of $813.50 million in the same quarter last year, which indicates a positive year over year growth rate of 8.5%. The company is expected to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that EnerSys will report full year sales of $3.33 billion for the current financial year, with estimates ranging from $3.32 billion to $3.35 billion. For the next year, analysts forecast that the business will report sales of $3.53 billion, with estimates ranging from $3.52 billion to $3.53 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow EnerSys.

EnerSys (NYSE:ENSGet Rating) last posted its earnings results on Wednesday, February 9th. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.02. The firm had revenue of $844.00 million during the quarter, compared to analyst estimates of $813.60 million. EnerSys had a net margin of 4.58% and a return on equity of 12.75%. During the same quarter in the prior year, the business posted $1.27 EPS.

Several research analysts have commented on the company. Zacks Investment Research downgraded EnerSys from a “hold” rating to a “sell” rating and set a $74.00 target price for the company. in a research note on Monday, February 14th. StockNews.com initiated coverage on shares of EnerSys in a research report on Thursday, March 31st. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $96.33.

A number of institutional investors have recently modified their holdings of ENS. Point72 Hong Kong Ltd purchased a new position in EnerSys in the 4th quarter worth approximately $28,000. IMA Wealth Inc. bought a new stake in shares of EnerSys during the fourth quarter valued at approximately $28,000. Rockefeller Capital Management L.P. lifted its holdings in shares of EnerSys by 150.8% in the third quarter. Rockefeller Capital Management L.P. now owns 479 shares of the industrial products company’s stock worth $35,000 after buying an additional 288 shares in the last quarter. Covestor Ltd purchased a new position in EnerSys during the fourth quarter valued at $46,000. Finally, First Horizon Advisors Inc. boosted its stake in EnerSys by 81.9% during the third quarter. First Horizon Advisors Inc. now owns 695 shares of the industrial products company’s stock valued at $35,000 after buying an additional 313 shares during the last quarter. 92.45% of the stock is owned by institutional investors.

Shares of ENS opened at $69.58 on Friday. The firm has a market cap of $2.87 billion, a PE ratio of 20.11, a PEG ratio of 1.28 and a beta of 1.41. EnerSys has a 1 year low of $67.71 and a 1 year high of $100.23. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.96 and a quick ratio of 1.88. The stock’s fifty day moving average price is $72.89 and its two-hundred day moving average price is $75.94.

The business also recently announced a quarterly dividend, which was paid on Friday, March 25th. Investors of record on Friday, March 11th were issued a $0.175 dividend. The ex-dividend date of this dividend was Thursday, March 10th. This represents a $0.70 dividend on an annualized basis and a yield of 1.01%. EnerSys’s dividend payout ratio is currently 20.23%.

EnerSys Company Profile (Get Rating)

EnerSys engages in the provision of stored energy solutions for industrial applications. The company operates through the following segments: Energy Systems, Motive Power, and Specialty. The Energy Systems segment, which combine enclosures, power conversion, power distribution, and energy storage are used in the telecommunication, broadband and utility industries, uninterruptible power supplies, and other applications requiring stored energy solutions.

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Earnings History and Estimates for EnerSys (NYSE:ENS)

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