FY2022 Earnings Estimate for EnerSys Issued By Oppenheimer (NYSE:ENS)


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EnerSys (NYSE:ENS) – Oppenheimer lifted their FY2022 earnings estimates for EnerSys in a report issued on Wednesday, January 13th. Oppenheimer analyst N. Kaye now anticipates that the industrial products company will post earnings per share of $5.26 for the year, up from their prior forecast of $5.14.

EnerSys (NYSE:ENS) last released its quarterly earnings results on Monday, November 16th. The industrial products company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.02. The firm had revenue of $708.40 million for the quarter, compared to analysts’ expectations of $721.96 million. EnerSys had a return on equity of 12.76% and a net margin of 3.27%. The company’s revenue was down 7.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.23 EPS.

Separately, TheStreet upgraded shares of EnerSys from a “c+” rating to a “b-” rating in a research report on Monday, September 28th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $85.00.

Shares of NYSE:ENS traded up $0.72 during midday trading on Thursday, reaching $90.90. 1,892 shares of the company’s stock were exchanged, compared to its average volume of 283,296. The firm’s 50 day simple moving average is $84.49 and its two-hundred day simple moving average is $74.29. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.76 and a quick ratio of 1.85. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 40.08, a P/E/G ratio of 1.87 and a beta of 1.50. EnerSys has a fifty-two week low of $35.21 and a fifty-two week high of $92.27.

Large investors have recently added to or reduced their stakes in the stock. Great West Life Assurance Co. Can boosted its position in EnerSys by 8,011.2% during the 3rd quarter. Great West Life Assurance Co. Can now owns 1,942,480 shares of the industrial products company’s stock valued at $935,000 after acquiring an additional 1,918,532 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of EnerSys by 27.4% in the second quarter. Principal Financial Group Inc. now owns 609,294 shares of the industrial products company’s stock valued at $39,227,000 after acquiring an additional 131,129 shares in the last quarter. Paradigm Capital Management Inc. NY increased its stake in EnerSys by 2.8% in the 3rd quarter. Paradigm Capital Management Inc. NY now owns 475,300 shares of the industrial products company’s stock worth $31,902,000 after acquiring an additional 12,800 shares during the last quarter. Segall Bryant & Hamill LLC raised its position in EnerSys by 43.5% during the third quarter. Segall Bryant & Hamill LLC now owns 440,894 shares of the industrial products company’s stock valued at $29,594,000 after purchasing an additional 133,731 shares during the period. Finally, New York State Common Retirement Fund raised its position in EnerSys by 4.5% during the third quarter. New York State Common Retirement Fund now owns 368,703 shares of the industrial products company’s stock valued at $24,747,000 after purchasing an additional 15,850 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 31st. Investors of record on Friday, December 18th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend was Thursday, December 17th. EnerSys’s dividend payout ratio is currently 14.96%.

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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