EnerSys (NYSE:ENS) – Analysts at Oppenheimer reduced their Q1 2020 earnings estimates for shares of EnerSys in a research report issued to clients and investors on Thursday, May 30th, Zacks Investment Research reports. Oppenheimer analyst N. Kaye now anticipates that the industrial products company will post earnings of $1.31 per share for the quarter, down from their previous estimate of $1.52. Oppenheimer has a “Outperform” rating and a $87.00 price target on the stock. Oppenheimer also issued estimates for EnerSys’ Q2 2020 earnings at $1.35 EPS, Q3 2020 earnings at $1.43 EPS, Q4 2020 earnings at $1.56 EPS, FY2020 earnings at $5.66 EPS and FY2021 earnings at $5.99 EPS.
ENS has been the subject of a number of other research reports. ValuEngine upgraded EnerSys from a “sell” rating to a “hold” rating in a report on Tuesday, April 9th. Sidoti set a $101.00 target price on EnerSys and gave the company a “buy” rating in a research note on Friday, May 17th. Zacks Investment Research cut EnerSys from a “hold” rating to a “sell” rating in a research note on Monday, March 11th. Finally, TheStreet cut EnerSys from a “b-” rating to a “c+” rating in a research note on Thursday, May 30th. One equities research 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. The company has a consensus rating of “Buy” and an average target price of $90.95.
ENS stock traded up $1.08 during trading on Monday, hitting $66.61. The stock had a trading volume of 374,658 shares, compared to its average volume of 358,950. The company has a 50 day moving average price of $62.31. EnerSys has a 1-year low of $55.51 and a 1-year high of $89.83. The company has a market capitalization of $2.82 billion, a PE ratio of 13.51, a price-to-earnings-growth ratio of 1.13 and a beta of 1.42. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.68 and a current ratio of 2.51.
EnerSys (NYSE:ENS) last posted its quarterly earnings results on Thursday, May 16th. The industrial products company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.01. EnerSys had a return on equity of 17.04% and a net margin of 5.71%. The business had revenue of $796.60 million during the quarter, compared to analysts’ expectations of $816.10 million.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.175 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.05%. EnerSys’s dividend payout ratio (DPR) is 14.20%.
Several large investors have recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of EnerSys by 2.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,584 shares of the industrial products company’s stock valued at $494,000 after purchasing an additional 188 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in EnerSys by 1.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 16,826 shares of the industrial products company’s stock worth $1,306,000 after acquiring an additional 194 shares in the last quarter. Metropolitan Life Insurance Co NY lifted its stake in EnerSys by 0.9% in the 1st quarter. Metropolitan Life Insurance Co NY now owns 24,871 shares of the industrial products company’s stock worth $1,620,000 after acquiring an additional 232 shares in the last quarter. Connable Office Inc. lifted its stake in EnerSys by 5.6% in the 1st quarter. Connable Office Inc. now owns 5,363 shares of the industrial products company’s stock worth $349,000 after acquiring an additional 283 shares in the last quarter. Finally, Strs Ohio lifted its stake in EnerSys by 6.8% in the 4th quarter. Strs Ohio now owns 4,700 shares of the industrial products company’s stock worth $364,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 95.52% of the company’s stock.
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.