EnerSys (NYSE:ENS) – Stock analysts at Oppenheimer reduced their Q4 2018 earnings per share estimates for shares of EnerSys in a report issued on Friday. Oppenheimer analyst N. Kaye now anticipates that the industrial products company will post earnings per share of $1.21 for the quarter, down from their prior estimate of $1.24. Oppenheimer currently has a “Buy” rating and a $77.00 price target on the stock. Oppenheimer also issued estimates for EnerSys’ FY2019 earnings at $5.25 EPS.
Other analysts have also recently issued reports about the company. CL King upgraded EnerSys from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 16th. TheStreet cut EnerSys from a “b” rating to a “c+” rating in a research note on Friday, February 9th. Zacks Investment Research upgraded EnerSys from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. ValuEngine cut EnerSys from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Sidoti cut EnerSys from a “buy” rating to a “neutral” rating and set a $79.00 price objective on the stock. in a research note on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $78.00.
EnerSys (NYSE:ENS) last released its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.11. EnerSys had a return on equity of 18.02% and a net margin of 3.94%. The company had revenue of $658.90 million for the quarter, compared to analysts’ expectations of $634.75 million. During the same period in the prior year, the firm earned $1.18 earnings per share. The firm’s revenue was up 16.9% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.99%. The ex-dividend date is Thursday, March 15th. EnerSys’s dividend payout ratio (DPR) is presently 31.25%.
EnerSys declared that its board has approved a stock repurchase plan on Wednesday, November 8th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the industrial products company to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
A number of large investors have recently bought and sold shares of the stock. Advisor Group Inc. increased its holdings in EnerSys by 1.2% in the second quarter. Advisor Group Inc. now owns 1,483 shares of the industrial products company’s stock valued at $107,000 after buying an additional 18 shares during the last quarter. Ameritas Investment Partners Inc. increased its holdings in EnerSys by 1.3% in the second quarter. Ameritas Investment Partners Inc. now owns 16,787 shares of the industrial products company’s stock valued at $1,216,000 after buying an additional 220 shares during the last quarter. Cornercap Investment Counsel Inc. increased its holdings in EnerSys by 7.3% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 10,855 shares of the industrial products company’s stock valued at $756,000 after buying an additional 740 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in EnerSys by 45.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,468 shares of the industrial products company’s stock valued at $172,000 after buying an additional 769 shares during the last quarter. Finally, Flinton Capital Management LLC increased its holdings in EnerSys by 68.1% in the second quarter. Flinton Capital Management LLC now owns 1,936 shares of the industrial products company’s stock valued at $140,000 after buying an additional 784 shares during the last quarter. 97.17% of the stock is currently owned by hedge funds and other institutional investors.
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EnerSys is a manufacturer, marketer and distributor of industrial batteries. The Company manufactures, markets and distributes related products, such as chargers, power equipment, outdoor cabinet enclosures and battery accessories, and provides related after-market and customer-support services for industrial batteries.
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