Zacks: Analysts Expect EnerSys (ENS) Will Announce Earnings of $1.42 Per Share

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Wall Street analysts forecast that EnerSys (NYSE:ENS) will announce earnings per share of $1.42 for the current quarter, according to Zacks. Two analysts have provided estimates for EnerSys’ earnings. The highest EPS estimate is $1.42 and the lowest is $1.41. EnerSys posted earnings per share of $1.24 in the same quarter last year, which would suggest a positive year-over-year growth rate of 14.5%. The firm is expected to announce its next earnings results after the market closes on Wednesday, May 29th.

On average, analysts expect that EnerSys will report full-year earnings of $4.93 per share for the current financial year, with EPS estimates ranging from $4.92 to $4.94. For the next year, analysts anticipate that the business will report earnings of $6.12 per share, with EPS estimates ranging from $6.10 to $6.13. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow EnerSys.

A number of research analysts recently weighed in on ENS shares. ValuEngine raised shares of EnerSys from a “sell” rating to a “hold” rating in a report on Tuesday, April 9th. Zacks Investment Research lowered shares of EnerSys from a “hold” rating to a “sell” rating in a report on Monday, March 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. EnerSys currently has a consensus rating of “Buy” and an average price target of $93.55.

A number of institutional investors and hedge funds have recently modified their holdings of ENS. Jane Street Group LLC purchased a new position in EnerSys in the first quarter valued at about $263,000. RMB Capital Management LLC grew its stake in EnerSys by 18.0% in the first quarter. RMB Capital Management LLC now owns 20,181 shares of the industrial products company’s stock valued at $1,315,000 after purchasing an additional 3,074 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in EnerSys by 109.2% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 523 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 273 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in EnerSys in the first quarter valued at about $583,000. Finally, MetLife Investment Advisors LLC grew its stake in EnerSys by 3.4% in the first quarter. MetLife Investment Advisors LLC now owns 44,961 shares of the industrial products company’s stock valued at $2,930,000 after purchasing an additional 1,466 shares during the last quarter. Institutional investors own 93.54% of the company’s stock.

Shares of ENS traded up $0.33 during mid-day trading on Thursday, reaching $63.64. The company’s stock had a trading volume of 139 shares, compared to its average volume of 358,865. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 1.02 and a beta of 1.32. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.00 and a current ratio of 2.91. EnerSys has a 52 week low of $61.98 and a 52 week high of $89.83.

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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Earnings History and Estimates for EnerSys (NYSE:ENS)

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