Research Analysts Offer Predictions for EnerSys’ FY2022 Earnings (NYSE:ENS)

EnerSys (NYSE:ENSGet Rating) – Equities research analysts at Oppenheimer lowered their FY2022 earnings per share (EPS) estimates for shares of EnerSys in a research note issued to investors on Monday, April 25th. Oppenheimer analyst N. Kaye now anticipates that the industrial products company will post earnings of $4.40 per share for the year, down from their previous forecast of $4.44. Oppenheimer also issued estimates for EnerSys’ Q4 2022 earnings at $1.13 EPS, Q1 2023 earnings at $1.18 EPS, Q2 2023 earnings at $1.22 EPS and FY2023 earnings at $5.45 EPS.

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

NYSE:ENS opened at $68.37 on Tuesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.88 and a current ratio of 2.96. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 1.28 and a beta of 1.41. The company’s 50 day moving average price is $72.52. EnerSys has a 1-year low of $66.60 and a 1-year high of $100.23.

EnerSys (NYSE:ENSGet Rating) last posted its quarterly earnings results on Wednesday, February 9th. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.02. The company 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 period last year, the firm posted $1.27 EPS.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 25th. Shareholders of record on Friday, March 11th were paid a dividend of $0.175 per share. The ex-dividend date was Thursday, March 10th. This represents a $0.70 annualized dividend and a yield of 1.02%. EnerSys’s dividend payout ratio (DPR) is presently 20.23%.

Several hedge funds have recently made changes to their positions in the company. Kovitz Investment Group Partners LLC acquired a new position in shares of EnerSys during the 1st quarter valued at about $5,920,000. Tributary Capital Management LLC raised its holdings in EnerSys by 15.7% in the 1st quarter. Tributary Capital Management LLC now owns 239,873 shares of the industrial products company’s stock valued at $17,887,000 after buying an additional 32,615 shares during the period. Strs Ohio raised its holdings in EnerSys by 16.7% in the 1st quarter. Strs Ohio now owns 1,400 shares of the industrial products company’s stock valued at $104,000 after buying an additional 200 shares during the period. Inspire Investing LLC purchased a new stake in EnerSys in the 1st quarter valued at about $235,000. Finally, Palouse Capital Management Inc. raised its holdings in EnerSys by 6.0% in the 1st quarter. Palouse Capital Management Inc. now owns 3,212 shares of the industrial products company’s stock valued at $239,000 after buying an additional 183 shares during the period. 92.45% of the stock is currently owned by hedge funds and other institutional investors.

EnerSys Company Profile (Get Rating)

EnerSys provides various stored energy solutions for industrial applications worldwide. It operates in three segments: Energy Systems, Motive Power, and Specialty. The company offers uninterruptible power systems applications for computer and computer-controlled systems, as well as telecommunications systems; switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage, and energy pipelines; integrated power solutions and services to broadband, telecom, renewable, and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.

Further Reading

Earnings History and Estimates for EnerSys (NYSE:ENS)

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