EnerSys (NYSE:ENS) Expected to Announce Quarterly Sales of $778.20 Million

Wall Street brokerages forecast that EnerSys (NYSE:ENS) will report sales of $778.20 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for EnerSys’ earnings, with estimates ranging from $775.00 million to $781.40 million. EnerSys posted sales of $796.60 million in the same quarter last year, which suggests a negative year over year growth rate of 2.3%. The business is scheduled to announce its next earnings results on Thursday, May 21st.

According to Zacks, analysts expect that EnerSys will report full year sales of $3.08 billion for the current fiscal year, with estimates ranging from $3.08 billion to $3.09 billion. For the next year, analysts anticipate that the business will report sales of $2.89 billion, with estimates ranging from $2.77 billion to $3.01 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover EnerSys.

A number of research firms have recently weighed in on ENS. TheStreet downgraded EnerSys from a “b” rating to a “c+” rating in a research note on Thursday, March 5th. Sidoti cut their price target on EnerSys from $101.00 to $93.00 and set a “buy” rating for the company in a research note on Friday, March 27th. ValuEngine raised EnerSys from a “sell” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Oppenheimer initiated coverage on EnerSys in a research note on Tuesday, April 21st. They set a “buy” rating and a $75.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $77.00.

Shares of ENS traded down $0.07 during midday trading on Monday, reaching $61.44. 129,489 shares of the stock were exchanged, compared to its average volume of 243,210. EnerSys has a 12-month low of $35.21 and a 12-month high of $78.97. The firm has a 50 day simple moving average of $53.70 and a 200-day simple moving average of $64.69. The company has a quick ratio of 1.62, a current ratio of 2.56 and a debt-to-equity ratio of 0.79. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 16.79, a P/E/G ratio of 1.60 and a beta of 1.57.

Several hedge funds have recently modified their holdings of the stock. Janus Henderson Group PLC raised its stake in shares of EnerSys by 17.1% in the 4th quarter. Janus Henderson Group PLC now owns 1,923,502 shares of the industrial products company’s stock valued at $143,936,000 after acquiring an additional 280,919 shares in the last quarter. Earnest Partners LLC raised its stake in shares of EnerSys by 6.2% in the 4th quarter. Earnest Partners LLC now owns 1,520,118 shares of the industrial products company’s stock valued at $113,750,000 after acquiring an additional 88,934 shares in the last quarter. State Street Corp raised its stake in shares of EnerSys by 2.0% in the 1st quarter. State Street Corp now owns 1,358,415 shares of the industrial products company’s stock valued at $67,269,000 after acquiring an additional 26,651 shares in the last quarter. Frontier Capital Management Co. LLC raised its stake in shares of EnerSys by 27.4% in the 1st quarter. Frontier Capital Management Co. LLC now owns 889,965 shares of the industrial products company’s stock valued at $44,071,000 after acquiring an additional 191,201 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of EnerSys by 4.8% in the 1st quarter. Geode Capital Management LLC now owns 671,379 shares of the industrial products company’s stock valued at $33,246,000 after acquiring an additional 30,850 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

About EnerSys

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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